Stanley Laman Group Ltd. grew its stake in Lockheed Martin Co. (NYSE:LMT) by 17.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,853 shares of the aerospace company’s stock after purchasing an additional 855 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Lockheed Martin were worth $2,078,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in LMT. Key Financial Inc acquired a new stake in shares of Lockheed Martin in the fourth quarter valued at about $26,000. Simon Quick Advisors LLC acquired a new stake in shares of Lockheed Martin in the third quarter valued at about $32,000. ForthRight Wealth Management LLC acquired a new stake in shares of Lockheed Martin in the fourth quarter valued at about $35,000. Barnett & Company Inc. acquired a new stake in shares of Lockheed Martin in the third quarter valued at about $38,000. Finally, Laurel Wealth Advisors LLC lifted its stake in shares of Lockheed Martin by 28.6% in the fourth quarter. Laurel Wealth Advisors LLC now owns 135 shares of the aerospace company’s stock worth $48,000 after buying an additional 30 shares in the last quarter. Institutional investors and hedge funds own 77.00% of the company’s stock.
LMT stock traded down $0.59 during trading on Tuesday, reaching $339.88. 33,877 shares of the stock were exchanged, compared to its average volume of 1,975,926. The company has a current ratio of 1.33, a quick ratio of 1.12 and a debt-to-equity ratio of 2.34. The business has a 50 day moving average price of $338.00 and a 200-day moving average price of $366.14. Lockheed Martin Co. has a 1 year low of $266.11 and a 1 year high of $424.20. The firm has a market capitalization of $95.20 billion, a price-to-earnings ratio of 14.67, a P/E/G ratio of 1.98 and a beta of 0.92.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 26th. Investors of record on Monday, March 1st will be issued a $2.60 dividend. This represents a $10.40 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date of this dividend is Friday, February 26th. Lockheed Martin’s dividend payout ratio (DPR) is currently 47.38%.
Several equities analysts have recently weighed in on the stock. Robert W. Baird downgraded shares of Lockheed Martin from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $420.00 to $368.00 in a research note on Thursday, January 7th. Cowen reissued a “buy” rating and issued a $410.00 price target on shares of Lockheed Martin in a research note on Friday, November 27th. Credit Suisse Group decreased their price target on shares of Lockheed Martin from $351.00 to $334.00 in a research note on Wednesday, January 27th. Finally, Morgan Stanley decreased their price target on shares of Lockheed Martin from $480.00 to $445.00 and set an “overweight” rating on the stock in a research note on Monday, February 8th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Lockheed Martin presently has a consensus rating of “Buy” and an average target price of $418.15.
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. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space Systems.
Featured Story: What Does Beta Mean In Stock Selection?
Want to see what other hedge funds are holding LMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lockheed Martin Co. (NYSE:LMT).
Receive News & Ratings for Lockheed Martin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lockheed Martin and related companies with MarketBeat.com's FREE daily email newsletter.