Lockheed Martin Co. (NYSE:LMT) Position Lessened by Inlet Private Wealth LLC

Inlet Private Wealth LLC lowered its position in Lockheed Martin Co. (NYSE:LMT) by 4.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,774 shares of the aerospace company’s stock after selling 120 shares during the quarter. Inlet Private Wealth LLC’s holdings in Lockheed Martin were worth $1,348,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Itau Unibanco Holding S.A. acquired a new position in Lockheed Martin during the third quarter worth $26,000. Burkett Financial Services LLC bought a new stake in shares of Lockheed Martin during the 3rd quarter worth about $32,000. Mattson Financial Services LLC acquired a new position in shares of Lockheed Martin during the 2nd quarter valued at about $27,000. Capital Performance Advisors LLP bought a new position in shares of Lockheed Martin in the 3rd quarter valued at approximately $40,000. Finally, Heck Capital Advisors LLC bought a new stake in Lockheed Martin during the fourth quarter worth approximately $35,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Price Performance

Shares of Lockheed Martin stock opened at $462.53 on Friday. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve month high of $618.95. The company has a debt-to-equity ratio of 3.10, a quick ratio of 1.12 and a current ratio of 1.13. The firm has a market cap of $108.88 billion, a P/E ratio of 20.78, a price-to-earnings-growth ratio of 3.78 and a beta of 0.48. The firm’s 50-day simple moving average is $492.29 and its 200-day simple moving average is $536.42.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (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%. As a group, research analysts expect that Lockheed Martin Co. will post 27.09 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be issued a dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.85%. Lockheed Martin’s payout ratio is presently 59.30%.

Analyst Ratings Changes

LMT has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. dropped their price target 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. Susquehanna cut their target price on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a research report on Wednesday. Deutsche Bank Aktiengesellschaft downgraded Lockheed Martin from a “buy” rating to a “hold” rating and lowered their price target for the company from $611.00 to $523.00 in a research report on Thursday, January 2nd. Robert W. Baird boosted their price objective on Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. Finally, Wells Fargo & Company lowered their target price on Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating on the stock in a report on Thursday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Lockheed Martin has an average rating of “Moderate Buy” and a consensus price target of $555.60.

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.