Trust Point Inc. Buys 83 Shares of Lockheed Martin Co. (NYSE:LMT)

Trust Point Inc. boosted its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 10.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 916 shares of the aerospace company’s stock after purchasing an additional 83 shares during the period. Trust Point Inc.’s holdings in Lockheed Martin were worth $445,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in LMT. Algert Global LLC purchased a new stake in shares of Lockheed Martin in the 2nd quarter worth $277,000. Czech National Bank raised its holdings in shares of Lockheed Martin by 6.2% in the third quarter. Czech National Bank now owns 43,214 shares of the aerospace company’s stock valued at $25,261,000 after acquiring an additional 2,520 shares in the last quarter. Miracle Mile Advisors LLC lifted its stake in Lockheed Martin by 2.5% in the third quarter. Miracle Mile Advisors LLC now owns 1,471 shares of the aerospace company’s stock worth $860,000 after acquiring an additional 36 shares during the period. Ignite Planners LLC grew its holdings in Lockheed Martin by 23.5% during the 3rd quarter. Ignite Planners LLC now owns 857 shares of the aerospace company’s stock worth $501,000 after acquiring an additional 163 shares in the last quarter. Finally, Atomi Financial Group Inc. increased its position in Lockheed Martin by 45.7% during the 3rd quarter. Atomi Financial Group Inc. now owns 2,821 shares of the aerospace company’s stock valued at $1,649,000 after purchasing an additional 885 shares during the period. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Trading Down 0.9 %

Shares of Lockheed Martin stock opened at $449.44 on Thursday. The firm’s 50 day simple moving average is $489.62 and its two-hundred day simple moving average is $537.03. The firm has a market capitalization of $105.79 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 2.96 and a beta of 0.48. Lockheed Martin Co. has a 12-month low of $413.92 and a 12-month high of $618.95. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. Analysts predict that Lockheed Martin Co. will post 27.29 EPS for the current year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be given a $3.30 dividend. The ex-dividend date is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a yield of 2.94%. Lockheed Martin’s dividend payout ratio is currently 59.30%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Susquehanna lowered their price target on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a research report on Wednesday, January 29th. UBS Group lowered their target price on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. Royal Bank of Canada cut their price target on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a report on Wednesday, January 29th. Robert W. Baird upped their price objective on Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. Finally, Citigroup cut their target price on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. One 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 currently has a consensus 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.