Lake Street Advisors Group LLC Raises Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Lake Street Advisors Group LLC raised its stake in Lockheed Martin Co. (NYSE:LMT) by 84.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,778 shares of the aerospace company’s stock after purchasing an additional 3,112 shares during the period. Lake Street Advisors Group LLC’s holdings in Lockheed Martin were worth $3,294,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Salomon & Ludwin LLC raised its holdings in shares of Lockheed Martin by 20.5% during the third quarter. Salomon & Ludwin LLC now owns 106 shares of the aerospace company’s stock worth $62,000 after purchasing an additional 18 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Lockheed Martin by 67.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 89,817 shares of the aerospace company’s stock valued at $52,503,000 after buying an additional 36,157 shares during the period. Autumn Glory Partners LLC boosted its stake in shares of Lockheed Martin by 172.3% in the third quarter. Autumn Glory Partners LLC now owns 2,777 shares of the aerospace company’s stock worth $1,623,000 after buying an additional 1,757 shares during the last quarter. Orrstown Financial Services Inc. raised its position in Lockheed Martin by 69.6% during the third quarter. Orrstown Financial Services Inc. now owns 1,028 shares of the aerospace company’s stock valued at $601,000 after acquiring an additional 422 shares in the last quarter. Finally, Strategic Wealth Investment Group LLC boosted its position in Lockheed Martin by 13.5% in the 3rd quarter. Strategic Wealth Investment Group LLC now owns 17,849 shares of the aerospace company’s stock worth $10,814,000 after purchasing an additional 2,118 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

LMT has been the subject of several analyst reports. Wells Fargo & Company decreased their target price on shares of 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. Susquehanna decreased their price objective on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a research report on Wednesday, January 29th. JPMorgan Chase & Co. dropped their target price on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Citigroup reduced their price target on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. Finally, Morgan Stanley dropped their price objective on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $555.60.

Lockheed Martin Trading Up 1.8 %

Shares of LMT stock opened at $448.34 on Wednesday. Lockheed Martin Co. has a fifty-two week low of $419.70 and a fifty-two week high of $618.95. 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’s fifty day moving average is $468.06 and its two-hundred day moving average is $527.23. The firm has a market capitalization of $105.53 billion, a P/E ratio of 20.14, a PEG ratio of 2.07 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share 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%. Research analysts expect that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be issued a $3.30 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 annualized dividend and a dividend yield of 2.94%. Lockheed Martin’s dividend payout ratio is presently 59.30%.

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.