YHB Investment Advisors Inc. Decreases Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

YHB Investment Advisors Inc. lowered its position in shares of Lockheed Martin Co. (NYSE:LMT) by 22.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 528 shares of the aerospace company’s stock after selling 157 shares during the period. YHB Investment Advisors Inc.’s holdings in Lockheed Martin were worth $257,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Algert Global LLC purchased a new stake in Lockheed Martin in the 2nd quarter worth approximately $277,000. Northwestern Mutual Wealth Management Co. lifted its stake in Lockheed Martin by 0.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 49,353 shares of the aerospace company’s stock worth $23,063,000 after acquiring an additional 338 shares during the period. Regal Investment Advisors LLC boosted its holdings in Lockheed Martin by 103.9% in the second quarter. Regal Investment Advisors LLC now owns 2,235 shares of the aerospace company’s stock valued at $1,044,000 after acquiring an additional 1,139 shares in the last quarter. Gateway Wealth Partners LLC increased its position in Lockheed Martin by 161.9% during 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 period. Finally, EP Wealth Advisors LLC raised its holdings in Lockheed Martin by 10.2% in the 2nd quarter. EP Wealth Advisors LLC now owns 12,886 shares of the aerospace company’s stock worth $6,019,000 after purchasing an additional 1,191 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Analysts Set New Price Targets

LMT has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft cut shares of Lockheed Martin from a “buy” rating to a “hold” rating and reduced their price target for the company from $611.00 to $523.00 in a research report on Thursday, January 2nd. TD Cowen upped their target price on Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. StockNews.com lowered Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 3rd. Wells Fargo & Company decreased their price objective on Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating for the company in a report on Wednesday, January 8th. Finally, Citigroup dropped their target price 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. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Lockheed Martin currently has an average rating of “Moderate Buy” and an average target price of $577.73.

Lockheed Martin Trading Down 9.1 %

Shares of NYSE LMT opened at $457.89 on Wednesday. The company has a market cap of $108.54 billion, a PE ratio of 16.58, a P/E/G ratio of 4.05 and a beta of 0.48. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30. The firm’s 50 day moving average price is $498.68 and its 200-day moving average price is $537.59. Lockheed Martin Co. has a 52-week low of $413.92 and a 52-week high of $618.95.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, topping 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%. On average, equities research analysts expect that Lockheed Martin Co. will post 26.89 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently announced 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 dividend payout ratio (DPR) is presently 47.79%.

Lockheed Martin Profile

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.