Lockheed Martin Co. (NYSE:LMT) Shares Bought by Old North State Wealth Management LLC

Old North State Wealth Management LLC raised its holdings in Lockheed Martin Co. (NYSE:LMT) by 19.6% during the 4th quarter, Holdings Channel reports. The firm owned 865 shares of the aerospace company’s stock after purchasing an additional 142 shares during the quarter. Old North State Wealth Management LLC’s holdings in Lockheed Martin were worth $423,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Itau Unibanco Holding S.A. acquired a new stake in Lockheed Martin during the 3rd quarter valued at $26,000. Burkett Financial Services LLC purchased a new stake in shares of Lockheed Martin in the third quarter valued at $32,000. Capital Performance Advisors LLP acquired a new stake in shares of Lockheed Martin during the third quarter valued at $40,000. Heck Capital Advisors LLC purchased a new stake in Lockheed Martin during the 4th quarter worth about $35,000. Finally, Legacy Investment Solutions LLC purchased a new stake in Lockheed Martin during the 3rd quarter worth about $42,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Down 0.3 %

Shares of NYSE:LMT opened at $454.00 on Wednesday. Lockheed Martin Co. has a 1 year low of $413.92 and a 1 year high of $618.95. The stock has a 50-day simple moving average of $490.97 and a 200-day simple moving average of $537.18. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. The stock has a market capitalization of $106.87 billion, a P/E ratio of 20.40, a PEG ratio of 2.96 and a beta of 0.48.

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

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be given a $3.30 dividend. This represents a $13.20 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s dividend payout ratio (DPR) is presently 59.30%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. UBS Group decreased their price target on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. JPMorgan Chase & Co. decreased their target price on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Wells Fargo & Company cut their price target on Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating for the company in a report on Thursday, January 30th. Citigroup decreased their price objective on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. Finally, Morgan Stanley dropped their target price on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $555.60.

Lockheed Martin Company 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.