Bogart Wealth LLC Has $9.65 Million Holdings in Lockheed Martin Co. (NYSE:LMT)

Bogart Wealth LLC lifted its holdings in Lockheed Martin Co. (NYSE:LMT) by 1.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,858 shares of the aerospace company’s stock after acquiring an additional 203 shares during the period. Bogart Wealth LLC’s holdings in Lockheed Martin were worth $9,650,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in LMT. Creative Planning raised its position in shares of Lockheed Martin by 3.1% in the 3rd quarter. Creative Planning now owns 106,301 shares of the aerospace company’s stock valued at $62,139,000 after buying an additional 3,236 shares in the last quarter. Transform Wealth LLC bought a new stake in shares of Lockheed Martin during the third quarter worth about $327,000. Carderock Capital Management Inc. increased its position in Lockheed Martin by 141.0% in the 3rd quarter. Carderock Capital Management Inc. now owns 10,094 shares of the aerospace company’s stock valued at $5,901,000 after acquiring an additional 5,905 shares during the period. Rheos Capital Works Inc. increased its holdings in Lockheed Martin by 12.1% in the third quarter. Rheos Capital Works Inc. now owns 49,100 shares of the aerospace company’s stock valued at $28,702,000 after purchasing an additional 5,300 shares during the period. Finally, Tamar Securities LLC raised its position in shares of Lockheed Martin by 2.9% during the third quarter. Tamar Securities LLC now owns 36,483 shares of the aerospace company’s stock worth $21,327,000 after acquiring an additional 1,032 shares during the last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Trading Down 1.7 %

Shares of Lockheed Martin stock opened at $434.36 on Friday. The company’s 50-day moving average price is $480.54 and its 200-day moving average price is $534.28. The company has a market cap of $102.24 billion, a price-to-earnings ratio of 19.51, a PEG ratio of 2.12 and a beta of 0.48. 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 Co. has a 12-month low of $413.92 and a 12-month high of $618.95.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, beating analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. On average, equities analysts expect that Lockheed Martin Co. will post 27.14 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm 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. This represents a $13.20 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s payout ratio is presently 59.30%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on LMT. Deutsche Bank Aktiengesellschaft lowered shares of 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 report on Thursday, January 2nd. Wells Fargo & Company dropped their price objective on shares of Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 30th. StockNews.com cut Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. Royal Bank of Canada reduced their price objective on shares of Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating for the company in a research report on Wednesday, January 29th. Finally, Barclays lowered their target price on 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. One research 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $555.60.

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.