418 Shares in Lockheed Martin Co. (NYSE:LMT) Purchased by Jericho Financial LLP

Jericho Financial LLP acquired a new stake in Lockheed Martin Co. (NYSE:LMT) in the fourth quarter, Holdings Channel reports. The fund acquired 418 shares of the aerospace company’s stock, valued at approximately $203,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Algert Global LLC bought a new stake in shares of Lockheed Martin during the 2nd quarter valued at $277,000. Czech National Bank lifted its position in Lockheed Martin by 6.2% during the third quarter. Czech National Bank now owns 43,214 shares of the aerospace company’s stock worth $25,261,000 after purchasing an additional 2,520 shares during the period. WealthBridge Capital Management LLC acquired a new stake in Lockheed Martin during the third quarter worth about $258,000. Miracle Mile Advisors LLC increased its holdings in Lockheed Martin by 2.5% in the 3rd quarter. Miracle Mile Advisors LLC now owns 1,471 shares of the aerospace company’s stock valued at $860,000 after buying an additional 36 shares during the period. Finally, Bath Savings Trust Co raised its position in shares of Lockheed Martin by 5.4% in the 3rd quarter. Bath Savings Trust Co now owns 10,062 shares of the aerospace company’s stock valued at $5,882,000 after buying an additional 513 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock opened at $454.00 on Wednesday. The stock has a market cap of $106.87 billion, a price-to-earnings ratio of 20.40, a P/E/G ratio of 2.96 and a beta of 0.48. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve month high of $618.95. The company’s fifty day moving average is $490.97 and its 200 day moving average is $537.18.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, beating analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. Sell-side analysts forecast that Lockheed Martin Co. will post 27.29 EPS for the current year.

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be issued a dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 annualized dividend and a yield of 2.91%. Lockheed Martin’s payout ratio is 59.30%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on LMT. Deutsche Bank Aktiengesellschaft cut shares of Lockheed Martin from a “buy” rating to a “hold” rating and decreased their price objective for the company from $611.00 to $523.00 in a research note on Thursday, January 2nd. TD Cowen boosted their price target on Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Robert W. Baird upped their price objective on Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. StockNews.com downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Finally, Royal Bank of Canada reduced their price target on shares of Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Lockheed Martin has an average rating of “Moderate Buy” and a consensus price target of $555.60.

Lockheed Martin Profile

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.