Empirical Financial Services LLC d.b.a. Empirical Wealth Management Has $963,000 Holdings in Lockheed Martin Co. (NYSE:LMT)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management cut its holdings in Lockheed Martin Co. (NYSE:LMT) by 4.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,982 shares of the aerospace company’s stock after selling 82 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Lockheed Martin were worth $963,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Stablepoint Partners LLC raised its position in shares of Lockheed Martin by 0.5% during the fourth quarter. Stablepoint Partners LLC now owns 13,081 shares of the aerospace company’s stock worth $6,357,000 after purchasing an additional 66 shares during the period. Novare Capital Management LLC grew its stake in Lockheed Martin by 2.1% in the 4th quarter. Novare Capital Management LLC now owns 2,358 shares of the aerospace company’s stock valued at $1,146,000 after purchasing an additional 49 shares during the period. Clarendon Private LLC bought a new position in Lockheed Martin in the 4th quarter valued at $295,000. Crescent Grove Advisors LLC bought a new position in Lockheed Martin in the 4th quarter valued at $244,000. Finally, Jamison Private Wealth Management Inc. grew its stake in shares of Lockheed Martin by 1.4% during the 4th quarter. Jamison Private Wealth Management Inc. now owns 17,627 shares of the aerospace company’s stock worth $8,566,000 after acquiring an additional 249 shares during the period. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Price Performance

Shares of Lockheed Martin stock opened at $457.89 on Wednesday. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. The business’s 50 day simple moving average is $498.68 and its two-hundred day simple moving average is $537.59. The stock has a market capitalization of $108.54 billion, a P/E ratio of 16.58, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $618.95.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results 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 101.44% and a net margin of 9.36%. Analysts forecast that Lockheed Martin Co. will post 26.89 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 issued a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.88%. Lockheed Martin’s dividend payout ratio is presently 47.79%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Robert W. Baird increased their price target on Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. Truist Financial began coverage on Lockheed Martin in a research note on Tuesday, January 14th. They issued a “buy” rating and a $579.00 target price for the company. UBS Group raised their price target on Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Royal Bank of Canada lowered their price target on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company lowered their price target on Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $577.73.

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.