New Republic Capital LLC Increases Stock Position in Lockheed Martin Co. (NYSE:LMT)

New Republic Capital LLC lifted its position in Lockheed Martin Co. (NYSE:LMT) by 3.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 910 shares of the aerospace company’s stock after purchasing an additional 31 shares during the quarter. New Republic Capital LLC’s holdings in Lockheed Martin were worth $442,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in LMT. Annex Advisory Services LLC bought a new stake in Lockheed Martin in the third quarter worth $236,000. Retirement Planning Group LLC increased its holdings in shares of Lockheed Martin by 122.4% in the 3rd quarter. Retirement Planning Group LLC now owns 1,281 shares of the aerospace company’s stock worth $749,000 after buying an additional 705 shares during the last quarter. Douglas Lane & Associates LLC purchased a new stake in shares of Lockheed Martin during the 3rd quarter valued at about $210,000. Webster Bank N. A. lifted its holdings in shares of Lockheed Martin by 42.3% in the 3rd quarter. Webster Bank N. A. now owns 276 shares of the aerospace company’s stock valued at $161,000 after acquiring an additional 82 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in Lockheed Martin by 12.5% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,972 shares of the aerospace company’s stock worth $2,322,000 after acquiring an additional 440 shares in the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LMT has been the subject of a number of recent research reports. StockNews.com cut Lockheed Martin from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Morgan Stanley dropped their price objective on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. Susquehanna reduced their target price on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating on the stock in a research note on Wednesday, January 29th. Citigroup dropped their price target on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft lowered Lockheed Martin from a “buy” rating to a “hold” rating and dropped their target price for the company from $611.00 to $523.00 in a research report on Thursday, January 2nd. 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 given 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 an average price target of $555.60.

Lockheed Martin Price Performance

NYSE LMT opened at $447.91 on Tuesday. The stock’s fifty day moving average price is $484.84 and its 200 day moving average price is $535.98. Lockheed Martin Co. has a 1 year low of $413.92 and a 1 year high of $618.95. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. The company has a market cap of $105.43 billion, a price-to-earnings ratio of 20.12, a PEG ratio of 2.12 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping 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%. As a group, equities research analysts forecast that Lockheed Martin Co. will post 27.14 earnings per share for the current year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be paid a $3.30 dividend. The ex-dividend date is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.95%. Lockheed Martin’s payout ratio is currently 59.30%.

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.