Patriot Financial Group Insurance Agency LLC Has $662,000 Stock Position in Lockheed Martin Co. (NYSE:LMT)

Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 5.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,363 shares of the aerospace company’s stock after purchasing an additional 75 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Lockheed Martin were worth $662,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of LMT. Algert Global LLC acquired a new position in shares of Lockheed Martin in the second quarter worth approximately $277,000. Northwestern Mutual Wealth Management Co. raised its holdings in Lockheed Martin by 0.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 49,353 shares of the aerospace company’s stock worth $23,063,000 after purchasing an additional 338 shares during the last quarter. Regal Investment Advisors LLC lifted its position in shares of Lockheed Martin by 103.9% in the 2nd quarter. Regal Investment Advisors LLC now owns 2,235 shares of the aerospace company’s stock worth $1,044,000 after purchasing an additional 1,139 shares during the period. Gateway Wealth Partners LLC boosted its stake in shares of Lockheed Martin by 161.9% in the 2nd quarter. Gateway Wealth Partners LLC now owns 1,215 shares of the aerospace company’s stock valued at $567,000 after purchasing an additional 751 shares during the last quarter. Finally, EP Wealth Advisors LLC raised its stake in Lockheed Martin by 10.2% during the second quarter. EP Wealth Advisors LLC now owns 12,886 shares of the aerospace company’s stock worth $6,019,000 after buying an additional 1,191 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock opened at $457.89 on Wednesday. Lockheed Martin Co. has a 52 week low of $413.92 and a 52 week high of $618.95. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66. The business has a 50 day moving average price of $498.68 and a 200-day moving average price of $537.59. The company has a market cap of $108.54 billion, a PE ratio of 16.58, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, beating analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. Equities analysts anticipate that Lockheed Martin Co. will post 26.89 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be given a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a yield of 2.88%. Lockheed Martin’s payout ratio is 47.79%.

Analyst Upgrades and Downgrades

LMT has been the topic of a number of research analyst reports. StockNews.com cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 3rd. Citigroup decreased their target price on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. JPMorgan Chase & Co. dropped their price target on Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. TD Cowen raised their price objective on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Robert W. Baird boosted their target price on shares of Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $577.73.

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.