Centricity Wealth Management LLC Buys New Shares in Lockheed Martin Co. (NYSE:LMT)

Centricity Wealth Management LLC purchased a new position in shares of Lockheed Martin Co. (NYSE:LMT) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 348 shares of the aerospace company’s stock, valued at approximately $169,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Trinity Legacy Partners LLC boosted its stake in Lockheed Martin by 5.8% in the fourth quarter. Trinity Legacy Partners LLC now owns 6,646 shares of the aerospace company’s stock worth $3,230,000 after buying an additional 366 shares in the last quarter. Financial Harvest LLC bought a new position in shares of Lockheed Martin during the 4th quarter valued at $1,164,000. Nicholson Wealth Management Group LLC raised its position in Lockheed Martin by 0.8% in the 4th quarter. Nicholson Wealth Management Group LLC now owns 3,555 shares of the aerospace company’s stock worth $1,728,000 after purchasing an additional 29 shares during the period. Mattern Capital Management LLC increased its holdings in shares of Lockheed Martin by 0.3% in the fourth quarter. Mattern Capital Management LLC now owns 19,546 shares of the aerospace company’s stock worth $9,498,000 after buying an additional 57 shares during the period. Finally, Forte Capital LLC ADV lifted its stake in shares of Lockheed Martin by 26.3% in the 4th quarter. Forte Capital LLC ADV now owns 1,769 shares of the aerospace company’s stock valued at $859,000 after acquiring an additional 368 shares during the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Trading Up 0.8 %

Shares of Lockheed Martin stock opened at $436.47 on Friday. 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 cap of $102.74 billion, a price-to-earnings ratio of 19.61, a PEG ratio of 2.05 and a beta of 0.48. Lockheed Martin Co. has a twelve month low of $419.70 and a twelve month high of $618.95. The business has a 50-day moving average price of $471.01 and a 200-day moving average price of $529.69.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) 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%. Equities research analysts anticipate that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be issued a $3.30 dividend. The ex-dividend date is Monday, March 3rd. This represents a $13.20 annualized dividend and a dividend yield of 3.02%. Lockheed Martin’s dividend payout ratio (DPR) is presently 59.30%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Royal Bank of Canada cut their target price on shares of Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a report on Wednesday, January 29th. StockNews.com downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Susquehanna cut their price objective on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating on the stock in a research report on Wednesday, January 29th. JPMorgan Chase & Co. reduced their price objective on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. 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 research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.