D.A. Davidson & CO. Has $18.46 Million Stake in Lockheed Martin Co. (NYSE:LMT)

D.A. Davidson & CO. grew its holdings in Lockheed Martin Co. (NYSE:LMT) by 0.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,992 shares of the aerospace company’s stock after purchasing an additional 142 shares during the period. D.A. Davidson & CO.’s holdings in Lockheed Martin were worth $18,462,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of LMT. Truist Financial Corp increased its stake in Lockheed Martin by 0.8% in the 4th quarter. Truist Financial Corp now owns 271,868 shares of the aerospace company’s stock valued at $132,111,000 after buying an additional 2,051 shares during the period. Wealth Quarterback LLC boosted its position in Lockheed Martin by 1.9% during the fourth quarter. Wealth Quarterback LLC now owns 2,518 shares of the aerospace company’s stock valued at $1,223,000 after purchasing an additional 46 shares during the last quarter. CIBC Asset Management Inc increased its position in Lockheed Martin by 0.4% in the 4th quarter. CIBC Asset Management Inc now owns 46,691 shares of the aerospace company’s stock worth $22,689,000 after purchasing an additional 194 shares during the last quarter. Pittenger & Anderson Inc. lifted its holdings in shares of Lockheed Martin by 37.3% during the 4th quarter. Pittenger & Anderson Inc. now owns 221 shares of the aerospace company’s stock valued at $107,000 after buying an additional 60 shares during the last quarter. Finally, Americana Partners LLC grew its stake in shares of Lockheed Martin by 177.0% in the 4th quarter. Americana Partners LLC now owns 29,600 shares of the aerospace company’s stock valued at $14,384,000 after buying an additional 18,914 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

NYSE LMT opened at $423.15 on Tuesday. Lockheed Martin Co. has a 52-week low of $418.58 and a 52-week high of $618.95. The firm has a market capitalization of $99.60 billion, a price-to-earnings ratio of 19.01, a P/E/G ratio of 2.12 and a beta of 0.48. The company’s fifty day moving average is $477.08 and its two-hundred day moving average is $532.77. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 EPS 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 forecast that Lockheed Martin Co. will post 27.14 EPS for the current year.

Lockheed Martin Announces Dividend

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 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 yield of 3.12%. Lockheed Martin’s payout ratio is currently 59.30%.

Analyst Ratings Changes

A number of analysts have issued reports on LMT shares. Barclays reduced their target price on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. Robert W. Baird lifted their price objective on shares of Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. Wells Fargo & Company lowered their target price on shares of Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 30th. Morgan Stanley reduced their price target on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. Finally, Susquehanna lowered their price objective on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating on the stock in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. 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 Company 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.