Pittenger & Anderson Inc. Has $107,000 Position in Lockheed Martin Co. (NYSE:LMT)

Pittenger & Anderson Inc. increased its position in shares of Lockheed Martin Co. (NYSE:LMT) by 37.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 221 shares of the aerospace company’s stock after acquiring an additional 60 shares during the period. Pittenger & Anderson Inc.’s holdings in Lockheed Martin were worth $107,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Stratos Wealth Advisors LLC boosted its stake in Lockheed Martin by 16.9% in the third quarter. Stratos Wealth Advisors LLC now owns 1,148 shares of the aerospace company’s stock valued at $672,000 after buying an additional 166 shares in the last quarter. Resonant Capital Advisors LLC acquired a new stake in shares of Lockheed Martin in the 3rd quarter valued at approximately $247,000. Vest Financial LLC grew its holdings in shares of Lockheed Martin by 146.3% during the 3rd quarter. Vest Financial LLC now owns 1,956 shares of the aerospace company’s stock valued at $1,143,000 after purchasing an additional 1,162 shares during the last quarter. Calton & Associates Inc. increased its position in Lockheed Martin by 5,832.6% during the 3rd quarter. Calton & Associates Inc. now owns 56,182 shares of the aerospace company’s stock worth $32,842,000 after purchasing an additional 55,235 shares in the last quarter. Finally, Brown Lisle Cummings Inc. lifted its stake in Lockheed Martin by 36.3% in the 3rd quarter. Brown Lisle Cummings Inc. now owns 3,247 shares of the aerospace company’s stock valued at $1,898,000 after purchasing an additional 865 shares during the last quarter. 74.19% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LMT. Royal Bank of Canada decreased their target price on shares of Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 29th. Morgan Stanley lowered their target price on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. StockNews.com downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. Truist Financial initiated coverage on Lockheed Martin in a report on Tuesday, January 14th. They set a “buy” rating and a $579.00 price target on the stock. Finally, Susquehanna dropped their price objective on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $555.60.

Lockheed Martin Stock Performance

Shares of LMT opened at $423.15 on Tuesday. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. The firm’s fifty day simple moving average is $477.08 and its two-hundred day simple moving average is $532.77. Lockheed Martin Co. has a 12 month low of $418.58 and a 12 month high of $618.95. The stock has a market capitalization of $99.60 billion, a P/E ratio of 19.01, a price-to-earnings-growth ratio of 2.12 and a beta of 0.48.

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

Lockheed Martin Announces Dividend

The business 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 annualized dividend and a dividend yield of 3.12%. Lockheed Martin’s dividend 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.