Signet Investment Advisory Group Inc. Sells 90 Shares of Lockheed Martin Co. (NYSE:LMT)

Signet Investment Advisory Group Inc. trimmed its position in Lockheed Martin Co. (NYSE:LMT) by 3.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,710 shares of the aerospace company’s stock after selling 90 shares during the quarter. Signet Investment Advisory Group Inc.’s holdings in Lockheed Martin were worth $1,317,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Itau Unibanco Holding S.A. bought a new position in shares of Lockheed Martin in the third quarter valued at $26,000. Heck Capital Advisors LLC bought a new stake in Lockheed Martin during the 4th quarter worth approximately $35,000. Capital Performance Advisors LLP bought a new position in shares of Lockheed Martin in the third quarter valued at approximately $40,000. Legacy Investment Solutions LLC purchased a new position in shares of Lockheed Martin during the third quarter valued at approximately $42,000. Finally, Vestor Capital LLC purchased a new position in shares of Lockheed Martin during the third quarter valued at approximately $46,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Stock Performance

Shares of LMT opened at $449.69 on Wednesday. Lockheed Martin Co. has a 1 year low of $413.92 and a 1 year high of $618.95. 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 stock’s fifty day moving average price is $483.39 and its two-hundred day moving average price is $535.46. The firm has a market cap of $105.85 billion, a PE ratio of 20.20, a PEG ratio of 2.12 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. On average, equities research analysts forecast that Lockheed Martin Co. will post 27.14 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm also recently disclosed 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. This represents a $13.20 annualized dividend and a 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%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on LMT. Robert W. Baird raised their price objective on Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating and lowered their target price for the company from $611.00 to $523.00 in a report on Thursday, January 2nd. Citigroup cut their price target on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. Truist Financial initiated coverage on shares of Lockheed Martin in a research note on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price objective for the company. Finally, Susquehanna cut their target price on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating on the stock in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.