Kirtland Hills Capital Management LLC Acquires 70 Shares of Lockheed Martin Co. (NYSE:LMT)

Kirtland Hills Capital Management LLC lifted its position in Lockheed Martin Co. (NYSE:LMT) by 1.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 4,178 shares of the aerospace company’s stock after acquiring an additional 70 shares during the period. Lockheed Martin comprises 1.3% of Kirtland Hills Capital Management LLC’s investment portfolio, making the stock its 20th largest holding. Kirtland Hills Capital Management LLC’s holdings in Lockheed Martin were worth $2,030,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in LMT. Delta Financial Advisors LLC boosted its holdings in shares of Lockheed Martin by 1.4% in the fourth quarter. Delta Financial Advisors LLC now owns 1,755 shares of the aerospace company’s stock valued at $853,000 after purchasing an additional 25 shares during the period. Sterling Investment Advisors Ltd. raised its position in shares of Lockheed Martin by 12.7% in the 4th quarter. Sterling Investment Advisors Ltd. now owns 13,226 shares of the aerospace company’s stock worth $6,427,000 after acquiring an additional 1,489 shares in the last quarter. Illinois Municipal Retirement Fund raised its position in shares of Lockheed Martin by 28.8% in the 4th quarter. Illinois Municipal Retirement Fund now owns 9,834 shares of the aerospace company’s stock worth $4,779,000 after acquiring an additional 2,198 shares in the last quarter. Amalgamated Bank raised its holdings in Lockheed Martin by 3.6% in the fourth quarter. Amalgamated Bank now owns 44,860 shares of the aerospace company’s stock worth $21,799,000 after purchasing an additional 1,565 shares in the last quarter. Finally, Vaughan David Investments LLC IL raised its holdings in Lockheed Martin by 0.8% in the fourth quarter. Vaughan David Investments LLC IL now owns 88,684 shares of the aerospace company’s stock worth $43,095,000 after purchasing an additional 742 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Price Performance

Shares of LMT opened at $448.34 on Wednesday. The business’s 50-day moving average is $468.06 and its two-hundred day moving average is $527.23. The company has a market capitalization of $105.53 billion, a P/E ratio of 20.14, a P/E/G ratio of 2.07 and a beta of 0.48. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. Lockheed Martin Co. has a fifty-two week low of $419.70 and a fifty-two week high of $618.95.

Lockheed Martin (NYSE:LMT) last posted its 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 return on equity of 101.47% and a net margin of 7.51%. Research analysts predict that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be given a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s dividend payout ratio (DPR) is presently 59.30%.

Analysts Set New Price Targets

LMT has been the subject of a number of recent research reports. Citigroup reduced their target price on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. Susquehanna reduced their price target on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating on the stock in a research report on Wednesday, January 29th. Morgan Stanley reduced their price target on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. Wells Fargo & Company reduced their target price on Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 30th. Finally, Truist Financial started coverage on Lockheed Martin in a research report on Tuesday, January 14th. They set a “buy” rating and a $579.00 target price on the stock. One 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 stock. Based on data from MarketBeat.com, Lockheed Martin has a consensus rating of “Moderate Buy” and a consensus target price of $555.60.

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.