1,312 Shares in Lockheed Martin Co. (NYSE:LMT) Bought by Elm3 Financial Group LLC

Elm3 Financial Group LLC bought a new stake in shares of Lockheed Martin Co. (NYSE:LMT) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,312 shares of the aerospace company’s stock, valued at approximately $637,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of LMT. State of Alaska Department of Revenue increased its holdings in shares of Lockheed Martin by 13.5% in the fourth quarter. State of Alaska Department of Revenue now owns 31,219 shares of the aerospace company’s stock worth $15,170,000 after purchasing an additional 3,710 shares during the last quarter. Adero Partners LLC boosted its stake in Lockheed Martin by 2.5% during the fourth quarter. Adero Partners LLC now owns 1,289 shares of the aerospace company’s stock valued at $626,000 after buying an additional 32 shares during the last quarter. YANKCOM Partnership purchased a new position in Lockheed Martin during the 4th quarter valued at approximately $1,142,000. Trilogy Capital Inc. increased its stake in Lockheed Martin by 6.5% in the 4th quarter. Trilogy Capital Inc. now owns 6,295 shares of the aerospace company’s stock worth $3,059,000 after acquiring an additional 386 shares during the last quarter. Finally, Robertson Stephens Wealth Management LLC raised its holdings in shares of Lockheed Martin by 126.3% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 5,380 shares of the aerospace company’s stock worth $2,614,000 after acquiring an additional 3,003 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on LMT. Morgan Stanley reduced 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 report on Wednesday, January 29th. Barclays reduced their target price on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. Wells Fargo & Company dropped their price target on Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating for the company in a research report on Thursday, January 30th. Citigroup reduced their price objective on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. Finally, Royal Bank of Canada dropped their target price on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating for the company in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $555.60.

Lockheed Martin Stock Performance

Lockheed Martin stock opened at $449.44 on Thursday. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. The company has a market capitalization of $105.79 billion, a PE ratio of 20.19, a P/E/G ratio of 2.96 and a beta of 0.48. The company has a 50 day moving average price of $489.62 and a 200-day moving average price of $537.03. Lockheed Martin Co. has a fifty-two week low of $413.92 and a fifty-two week high of $618.95.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, beating 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, equities analysts forecast that Lockheed Martin Co. will post 27.29 earnings per share for the current year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be given a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s dividend payout ratio (DPR) 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.