Lockheed Martin Co. (NYSE:LMT) Shares Bought by Quotient Wealth Partners LLC

Quotient Wealth Partners LLC lifted its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 13.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,425 shares of the aerospace company’s stock after purchasing an additional 419 shares during the quarter. Quotient Wealth Partners LLC’s holdings in Lockheed Martin were worth $1,664,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. LVW Advisors LLC increased its position in shares of Lockheed Martin by 7.1% during the third quarter. LVW Advisors LLC now owns 1,107 shares of the aerospace company’s stock valued at $647,000 after acquiring an additional 73 shares during the last quarter. Red Mountain Financial LLC increased its holdings in Lockheed Martin by 5.1% in the 3rd quarter. Red Mountain Financial LLC now owns 1,905 shares of the aerospace company’s stock valued at $1,114,000 after purchasing an additional 92 shares during the last quarter. Wynn Capital LLC increased its holdings in Lockheed Martin by 5.2% in the 3rd quarter. Wynn Capital LLC now owns 2,163 shares of the aerospace company’s stock valued at $1,264,000 after purchasing an additional 106 shares during the last quarter. Meyer Handelman Co. raised its position in Lockheed Martin by 6.6% in the third quarter. Meyer Handelman Co. now owns 5,349 shares of the aerospace company’s stock valued at $3,127,000 after purchasing an additional 330 shares during the period. Finally, Paragon Capital Management Ltd acquired a new position in Lockheed Martin during the third quarter worth $220,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Stock Down 1.0 %

Shares of NYSE LMT opened at $444.05 on Friday. The business has a 50-day moving average of $484.84 and a two-hundred day moving average of $535.60. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. The company has a market capitalization of $104.52 billion, a price-to-earnings ratio of 19.95, a price-to-earnings-growth ratio of 2.12 and a beta of 0.48. Lockheed Martin Co. has a 1 year low of $413.92 and a 1 year high of $618.95.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 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%. On average, analysts forecast that Lockheed Martin Co. will post 27.14 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be paid a dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a yield of 2.97%. Lockheed Martin’s dividend payout ratio is presently 59.30%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Citigroup cut 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. Wells Fargo & Company cut their price target on shares of Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 30th. StockNews.com lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Barclays cut their target price on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.