Lockheed Martin Co. (NYSE:LMT) Shares Acquired by Avitas Wealth Management LLC

Avitas Wealth Management LLC boosted its holdings in Lockheed Martin Co. (NYSE:LMT) by 0.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 5,309 shares of the aerospace company’s stock after acquiring an additional 24 shares during the period. Avitas Wealth Management LLC’s holdings in Lockheed Martin were worth $2,580,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Mather Group LLC. lifted its holdings in shares of Lockheed Martin by 13.4% in the fourth quarter. Mather Group LLC. now owns 1,296 shares of the aerospace company’s stock valued at $630,000 after purchasing an additional 153 shares in the last quarter. Welch Group LLC raised its position in shares of Lockheed Martin by 1.0% during the 4th quarter. Welch Group LLC now owns 117,754 shares of the aerospace company’s stock worth $56,919,000 after purchasing an additional 1,212 shares during the last quarter. Brown Lisle Cummings Inc. lifted its stake in Lockheed Martin by 5.5% in the 4th quarter. Brown Lisle Cummings Inc. now owns 3,427 shares of the aerospace company’s stock valued at $1,665,000 after buying an additional 180 shares in the last quarter. Robbins Farley grew its holdings in Lockheed Martin by 4.1% during the 4th quarter. Robbins Farley now owns 5,025 shares of the aerospace company’s stock valued at $2,442,000 after buying an additional 200 shares during the last quarter. Finally, Tempus Wealth Planning LLC increased its position in Lockheed Martin by 9.8% during the fourth quarter. Tempus Wealth Planning LLC now owns 1,045 shares of the aerospace company’s stock worth $508,000 after buying an additional 93 shares in the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LMT has been the topic of several recent research reports. Susquehanna reduced 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 target price on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Truist Financial started coverage on shares of Lockheed Martin in a report on Tuesday, January 14th. They set a “buy” rating and a $579.00 price target for the company. UBS Group reduced their price objective on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. Finally, TD Cowen lifted their target price on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $555.60.

Lockheed Martin Stock Performance

Shares of NYSE:LMT opened at $454.00 on Wednesday. The business has a 50-day moving average of $490.97 and a two-hundred day moving average of $537.18. The firm has a market capitalization of $106.87 billion, a PE ratio of 20.40, a P/E/G ratio of 2.96 and a beta of 0.48. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. Lockheed Martin Co. has a 12 month low of $413.92 and a 12 month high of $618.95.

Lockheed Martin (NYSE:LMT) last posted 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 net margin of 7.51% and a return on equity of 101.47%. As a group, research analysts forecast that Lockheed Martin Co. will post 27.29 earnings per share for the current year.

Lockheed Martin Dividend Announcement

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. The ex-dividend date is Monday, March 3rd. This represents a $13.20 annualized dividend and a dividend yield of 2.91%. Lockheed Martin’s payout ratio is 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.