Strategic Advisors LLC Has $1 Million Stock Position in Lockheed Martin Co. (NYSE:LMT)

Strategic Advisors LLC grew its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 2.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,059 shares of the aerospace company’s stock after acquiring an additional 45 shares during the quarter. Strategic Advisors LLC’s holdings in Lockheed Martin were worth $1,001,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Sierra Ocean LLC bought a new position in Lockheed Martin during the fourth quarter worth about $63,000. Monument Capital Management boosted its holdings in Lockheed Martin by 2.9% during the fourth quarter. Monument Capital Management now owns 1,345 shares of the aerospace company’s stock worth $654,000 after buying an additional 38 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC boosted its holdings in Lockheed Martin by 3.9% during the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 8,783 shares of the aerospace company’s stock worth $4,268,000 after buying an additional 330 shares during the last quarter. J.W. Cole Advisors Inc. boosted its holdings in Lockheed Martin by 2.1% during the fourth quarter. J.W. Cole Advisors Inc. now owns 14,548 shares of the aerospace company’s stock worth $7,069,000 after buying an additional 302 shares during the last quarter. Finally, Valmark Advisers Inc. lifted its holdings in shares of Lockheed Martin by 3.9% during the 4th quarter. Valmark Advisers Inc. now owns 3,887 shares of the aerospace company’s stock valued at $1,889,000 after purchasing an additional 147 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Down 2.7 %

NYSE:LMT opened at $423.15 on Monday. 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 capitalization of $99.60 billion, a price-to-earnings ratio of 19.01, a price-to-earnings-growth ratio of 2.12 and a beta of 0.48. Lockheed Martin Co. has a twelve month low of $418.58 and a twelve month high of $618.95. The stock’s 50 day moving average price is $477.08 and its two-hundred day moving average price is $532.83.

Lockheed Martin (NYSE:LMT) last posted its 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%. Equities research 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 issued a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s payout ratio is presently 59.30%.

Wall Street Analysts Forecast Growth

LMT has been the topic of several recent analyst reports. TD Cowen lifted their price objective on Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Morgan Stanley cut their price objective on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. StockNews.com cut Lockheed Martin from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Royal Bank of Canada cut their target price on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 29th. Finally, Truist Financial started coverage on Lockheed Martin in a research note on Tuesday, January 14th. They issued a “buy” rating and a $579.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.