Lockheed Martin Co. (NYSE:LMT) Stock Position Increased by Trinity Legacy Partners LLC

Trinity Legacy Partners LLC grew its position in Lockheed Martin Co. (NYSE:LMT) by 5.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 6,646 shares of the aerospace company’s stock after buying an additional 366 shares during the period. Trinity Legacy Partners LLC’s holdings in Lockheed Martin were worth $3,230,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in LMT. Financial Harvest LLC bought a new stake in Lockheed Martin during the 4th quarter valued at $1,164,000. Nicholson Wealth Management Group LLC increased its holdings in shares of Lockheed Martin by 0.8% during the fourth quarter. Nicholson Wealth Management Group LLC now owns 3,555 shares of the aerospace company’s stock valued at $1,728,000 after purchasing an additional 29 shares during the period. Mattern Capital Management LLC raised its stake in shares of Lockheed Martin by 0.3% during the fourth quarter. Mattern Capital Management LLC now owns 19,546 shares of the aerospace company’s stock valued at $9,498,000 after purchasing an additional 57 shares in the last quarter. Forte Capital LLC ADV lifted its holdings in Lockheed Martin by 26.3% in the fourth quarter. Forte Capital LLC ADV now owns 1,769 shares of the aerospace company’s stock worth $859,000 after purchasing an additional 368 shares during the period. Finally, Boston Financial Mangement LLC grew its position in Lockheed Martin by 0.6% in the 4th quarter. Boston Financial Mangement LLC now owns 74,173 shares of the aerospace company’s stock valued at $36,044,000 after buying an additional 435 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on LMT shares. Deutsche Bank Aktiengesellschaft downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating and dropped their price target for the stock from $611.00 to $523.00 in a research report on Thursday, January 2nd. Royal Bank of Canada cut their target price on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating for the company in a research report on Wednesday, January 29th. Citigroup lowered their price target on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. StockNews.com lowered Lockheed Martin from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Finally, Wells Fargo & Company decreased their target price on Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating for the company in a research note on Thursday, January 30th. One 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $555.60.

Lockheed Martin Stock Performance

Shares of LMT opened at $436.47 on Friday. The company has a 50-day moving average of $471.01 and a two-hundred day moving average of $529.69. The stock has a market cap of $102.74 billion, a price-to-earnings ratio of 19.61, a PEG ratio of 2.05 and a beta of 0.48. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. Lockheed Martin Co. has a one year low of $419.70 and a one year high of $618.95.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, topping analysts’ consensus estimates 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, equities research analysts expect that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be given a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s payout ratio is 59.30%.

About Lockheed Martin

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.