Counterweight Ventures LLC Buys 56 Shares of Lockheed Martin Co. (NYSE:LMT)

Counterweight Ventures LLC lifted its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,488 shares of the aerospace company’s stock after purchasing an additional 56 shares during the quarter. Counterweight Ventures LLC’s holdings in Lockheed Martin were worth $1,695,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Itau Unibanco Holding S.A. acquired a new position in shares of Lockheed Martin in the 3rd quarter valued at approximately $26,000. Capital Performance Advisors LLP bought a new position in Lockheed Martin in the third quarter valued at approximately $40,000. Heck Capital Advisors LLC acquired a new position in Lockheed Martin during the fourth quarter valued at approximately $35,000. Legacy Investment Solutions LLC bought a new stake in Lockheed Martin during the third quarter worth $42,000. Finally, Vestor Capital LLC acquired a new stake in shares of Lockheed Martin in the 3rd quarter valued at $46,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Down 1.0 %

Shares of NYSE LMT opened at $444.05 on Friday. Lockheed Martin Co. has a 12-month low of $413.92 and a 12-month high of $618.95. 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 firm has a market cap of $104.52 billion, a PE ratio of 19.95, a P/E/G ratio of 2.12 and a beta of 0.48. The company’s fifty day simple moving average is $484.84 and its 200 day simple moving average is $535.60.

Lockheed Martin (NYSE:LMT) last posted its quarterly 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 101.47% and a net margin of 7.51%. As a group, sell-side analysts forecast that Lockheed Martin Co. will post 27.14 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be issued a dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 annualized dividend and a yield of 2.97%. Lockheed Martin’s payout ratio is 59.30%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on LMT shares. StockNews.com cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. UBS Group lowered their price target on shares of 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 objective on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft cut 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 report on Thursday, January 2nd. Finally, Barclays reduced their price target on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.