Lockheed Martin Co. (NYSE:LMT) Shares Purchased by Delta Financial Advisors LLC

Delta Financial Advisors LLC increased its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,755 shares of the aerospace company’s stock after acquiring an additional 25 shares during the quarter. Delta Financial Advisors LLC’s holdings in Lockheed Martin were worth $853,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LMT. Salomon & Ludwin LLC raised its stake in Lockheed Martin by 20.5% during the 3rd quarter. Salomon & Ludwin LLC now owns 106 shares of the aerospace company’s stock worth $62,000 after acquiring an additional 18 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in Lockheed Martin by 67.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 89,817 shares of the aerospace company’s stock worth $52,503,000 after acquiring an additional 36,157 shares in the last quarter. Autumn Glory Partners LLC increased its stake in Lockheed Martin by 172.3% in the third quarter. Autumn Glory Partners LLC now owns 2,777 shares of the aerospace company’s stock valued at $1,623,000 after purchasing an additional 1,757 shares during the period. Orrstown Financial Services Inc. increased its stake in Lockheed Martin by 69.6% in the third quarter. Orrstown Financial Services Inc. now owns 1,028 shares of the aerospace company’s stock valued at $601,000 after purchasing an additional 422 shares during the period. Finally, Strategic Wealth Investment Group LLC increased its stake in Lockheed Martin by 13.5% in the third quarter. Strategic Wealth Investment Group LLC now owns 17,849 shares of the aerospace company’s stock valued at $10,814,000 after purchasing an additional 2,118 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on LMT shares. Royal Bank of Canada dropped their price objective on shares of Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and dropped their price objective for the company from $611.00 to $523.00 in a research note on Thursday, January 2nd. Citigroup dropped their price objective on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. Morgan Stanley dropped their price objective on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. Finally, UBS Group dropped their price objective 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. 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $555.60.

Lockheed Martin Stock Up 1.8 %

LMT stock opened at $448.34 on Wednesday. The company has a market cap 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. Lockheed Martin Co. has a 52 week low of $419.70 and a 52 week high of $618.95. The company’s 50-day moving average price is $468.06 and its 200 day moving average price is $527.23. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10.

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

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be issued a $3.30 dividend. This represents a $13.20 annualized dividend 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%.

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.