Louisbourg Investments Inc. Has $65,000 Position in Lockheed Martin Co. (NYSE:LMT)

Louisbourg Investments Inc. raised its holdings in Lockheed Martin Co. (NYSE:LMT) by 44.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 134 shares of the aerospace company’s stock after purchasing an additional 41 shares during the quarter. Louisbourg Investments Inc.’s holdings in Lockheed Martin were worth $65,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of LMT. ORG Wealth Partners LLC acquired a new stake in shares of Lockheed Martin during the 3rd quarter valued at $54,000. CX Institutional raised its position in Lockheed Martin by 24.9% during the 3rd quarter. CX Institutional now owns 19,185 shares of the aerospace company’s stock worth $11,215,000 after purchasing an additional 3,824 shares during the last quarter. Creative Planning raised its position in Lockheed Martin by 3.1% during the 3rd quarter. Creative Planning now owns 106,301 shares of the aerospace company’s stock worth $62,139,000 after purchasing an additional 3,236 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC bought a new position in Lockheed Martin during the 3rd quarter worth $332,000. Finally, Cornell Pochily Investment Advisors Inc. raised its position in Lockheed Martin by 5.5% during the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 2,965 shares of the aerospace company’s stock worth $1,733,000 after purchasing an additional 155 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Morgan Stanley lowered their target price on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft lowered Lockheed Martin from a “buy” rating to a “hold” rating and lowered their target price for the stock from $611.00 to $523.00 in a research report on Thursday, January 2nd. JPMorgan Chase & Co. lowered their target price on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Citigroup lowered their price objective on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. Finally, Truist Financial initiated coverage on Lockheed Martin in a research report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Lockheed Martin currently has a consensus rating of “Moderate Buy” and a consensus target price of $555.60.

Lockheed Martin Price Performance

Shares of NYSE LMT opened at $449.69 on Wednesday. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. The company has a market capitalization of $105.85 billion, a PE ratio of 20.20, a PEG ratio of 2.12 and a beta of 0.48. The stock’s 50 day moving average price is $482.05 and its 200-day moving average price is $534.93. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve month high of $618.95.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS 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%. On average, equities analysts anticipate that Lockheed Martin Co. will post 27.14 EPS for the current year.

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders 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 payout ratio is currently 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.