Calamos Wealth Management LLC Grows Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Calamos Wealth Management LLC grew its position in Lockheed Martin Co. (NYSE:LMT) by 1.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,904 shares of the aerospace company’s stock after acquiring an additional 29 shares during the quarter. Calamos Wealth Management LLC’s holdings in Lockheed Martin were worth $1,411,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Patron Partners LLC increased its holdings in Lockheed Martin by 8.6% in the 4th quarter. Patron Partners LLC now owns 2,158 shares of the aerospace company’s stock valued at $1,049,000 after buying an additional 170 shares during the period. Columbus Macro LLC increased its holdings in shares of Lockheed Martin by 493.8% during the fourth quarter. Columbus Macro LLC now owns 11,675 shares of the aerospace company’s stock valued at $5,673,000 after acquiring an additional 9,709 shares in the last quarter. Trust Point Inc. raised its holdings in shares of Lockheed Martin by 10.0% in the 4th quarter. Trust Point Inc. now owns 916 shares of the aerospace company’s stock worth $445,000 after purchasing an additional 83 shares during the period. Alliance Wealth Advisors LLC UT grew its position in Lockheed Martin by 12.4% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 599 shares of the aerospace company’s stock worth $291,000 after buying an additional 66 shares in the last quarter. Finally, Vantage Point Financial LLC purchased a new position in shares of Lockheed Martin in the fourth quarter worth about $257,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analysts Set New Price Targets

LMT has been the topic of a number of research reports. JPMorgan Chase & Co. decreased their target price on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Barclays reduced their price objective on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. Morgan Stanley dropped their price target on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. UBS Group decreased their target price on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. Finally, Robert W. Baird lifted their price objective on shares of Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $555.60.

Lockheed Martin Stock Down 1.5 %

Shares of LMT opened at $455.85 on Tuesday. The company’s 50-day moving average price is $492.29 and its 200 day moving average price is $537.32. The firm has a market cap of $107.30 billion, a P/E ratio of 20.48, a price-to-earnings-growth ratio of 2.96 and a beta of 0.48. Lockheed Martin Co. has a 12-month low of $413.92 and a 12-month high of $618.95. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10.

Lockheed Martin (NYSE:LMT) last issued its quarterly 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 net margin of 7.51% and a return on equity of 101.47%. On average, sell-side analysts forecast that Lockheed Martin Co. will post 27.29 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The company also recently declared 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 2.90%. Lockheed Martin’s 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.