Authentikos Wealth Advisory LLC Increases Stake in Lockheed Martin Co. (NYSE:LMT)

Authentikos Wealth Advisory LLC grew its position in shares of Lockheed Martin Co. (NYSE:LMT) by 1,517.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,812 shares of the aerospace company’s stock after purchasing an additional 1,700 shares during the quarter. Authentikos Wealth Advisory LLC’s holdings in Lockheed Martin were worth $881,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. ORG Wealth Partners LLC purchased a new position in shares of Lockheed Martin during the 3rd quarter valued at approximately $54,000. CX Institutional raised its position in Lockheed Martin by 24.9% during the third quarter. CX Institutional now owns 19,185 shares of the aerospace company’s stock worth $11,215,000 after acquiring an additional 3,824 shares during the period. Creative Planning lifted its holdings in Lockheed Martin by 3.1% during the third quarter. Creative Planning now owns 106,301 shares of the aerospace company’s stock valued at $62,139,000 after purchasing an additional 3,236 shares in the last quarter. Allen Mooney & Barnes Investment Advisors LLC acquired a new stake in shares of Lockheed Martin in the third quarter valued at about $332,000. Finally, Cornell Pochily Investment Advisors Inc. increased its stake in shares of Lockheed Martin by 5.5% during the third quarter. Cornell Pochily Investment Advisors Inc. now owns 2,965 shares of the aerospace company’s stock worth $1,733,000 after purchasing an additional 155 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on LMT. Barclays decreased their price target on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. Deutsche Bank Aktiengesellschaft downgraded Lockheed Martin from a “buy” rating to a “hold” rating and decreased their target price for the company from $611.00 to $523.00 in a research report on Thursday, January 2nd. Truist Financial started coverage on Lockheed Martin in a research report on Tuesday, January 14th. They set a “buy” rating and a $579.00 price target for the company. UBS Group decreased their price objective on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. Finally, Citigroup dropped their target price on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $555.60.

Lockheed Martin Price Performance

Lockheed Martin stock opened at $449.69 on Wednesday. Lockheed Martin Co. has a 12-month low of $413.92 and a 12-month high of $618.95. The stock has a market cap of $105.85 billion, a P/E ratio of 20.20, a PEG ratio of 2.12 and a beta of 0.48. The company has a 50-day moving average price of $483.39 and a 200 day moving average price of $535.46. 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 posted its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, beating the consensus estimate of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. Sell-side analysts anticipate that Lockheed Martin Co. will post 27.14 earnings per share for the current year.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be issued a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s dividend payout ratio is presently 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.