Butensky & Cohen Financial Security Inc. cut its position in shares of Lockheed Martin Co. (NYSE:LMT – Get Rating) by 2.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,325 shares of the aerospace company’s stock after selling 234 shares during the quarter. Lockheed Martin comprises 1.9% of Butensky & Cohen Financial Security Inc.’s portfolio, making the stock its 2nd biggest position. Butensky & Cohen Financial Security Inc.’s holdings in Lockheed Martin were worth $5,023,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of LMT. B. Riley Wealth Management Inc. raised its position in Lockheed Martin by 19.8% in the second quarter. B. Riley Wealth Management Inc. now owns 10,268 shares of the aerospace company’s stock valued at $4,415,000 after purchasing an additional 1,694 shares during the period. Regal Investment Advisors LLC grew its stake in shares of Lockheed Martin by 7.7% in the third quarter. Regal Investment Advisors LLC now owns 626 shares of the aerospace company’s stock valued at $242,000 after buying an additional 45 shares in the last quarter. Patron Partners LLC raised its holdings in shares of Lockheed Martin by 4.1% during the 3rd quarter. Patron Partners LLC now owns 1,666 shares of the aerospace company’s stock valued at $644,000 after buying an additional 66 shares during the period. TD Asset Management Inc. boosted its holdings in Lockheed Martin by 11.2% in the 3rd quarter. TD Asset Management Inc. now owns 111,720 shares of the aerospace company’s stock worth $43,547,000 after acquiring an additional 11,212 shares during the period. Finally, Colony Group LLC boosted its holdings in Lockheed Martin by 14.2% in the 2nd quarter. Colony Group LLC now owns 5,559 shares of the aerospace company’s stock worth $2,390,000 after acquiring an additional 693 shares during the period. 75.18% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
LMT has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Lockheed Martin from $450.00 to $505.00 and gave the stock a “neutral” rating in a research note on Monday, December 12th. Jefferies Financial Group boosted their price target on Lockheed Martin from $500.00 to $525.00 in a research note on Monday, December 5th. The Goldman Sachs Group lowered Lockheed Martin from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $388.00 to $332.00 in a research note on Friday, January 13th. Wells Fargo & Company upped their target price on Lockheed Martin from $417.00 to $422.00 and gave the company an “underweight” rating in a research report on Wednesday, January 25th. Finally, Vertical Research downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating and set a $491.00 price target for the company. in a research report on Friday, January 6th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $490.43.
Insider Activity at Lockheed Martin
Lockheed Martin Price Performance
Shares of NYSE LMT opened at $465.87 on Friday. Lockheed Martin Co. has a twelve month low of $373.67 and a twelve month high of $498.95. The company has a current ratio of 1.32, a quick ratio of 1.13 and a debt-to-equity ratio of 1.67. The company has a market capitalization of $118.94 billion, a price-to-earnings ratio of 21.46, a price-to-earnings-growth ratio of 2.60 and a beta of 0.68. The business has a 50 day simple moving average of $467.37 and a 200-day simple moving average of $457.85.
Lockheed Martin (NYSE:LMT – Get Rating) last issued its quarterly earnings results on Tuesday, January 24th. The aerospace company reported $7.79 earnings per share for the quarter, beating analysts’ consensus estimates of $7.41 by $0.38. Lockheed Martin had a return on equity of 68.01% and a net margin of 8.69%. The business had revenue of $18.99 billion during the quarter, compared to the consensus estimate of $18.25 billion. During the same period in the previous year, the business earned $7.47 EPS. The business’s quarterly revenue was up 7.1% on a year-over-year basis. As a group, equities research analysts expect that Lockheed Martin Co. will post 26.86 earnings per share for the current year.
Lockheed Martin Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 24th. Investors of record on Wednesday, March 1st will be given a dividend of $3.00 per share. The ex-dividend date is Tuesday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 2.58%. Lockheed Martin’s dividend payout ratio is currently 55.27%.
About Lockheed Martin
Lockheed Martin Corp. is a global security and aerospace company, which engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services. It operates through the following business segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.
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