Forbes J M & Co. LLP Buys 485 Shares of Lockheed Martin Co. (NYSE:LMT)

Forbes J M & Co. LLP grew its position in shares of Lockheed Martin Co. (NYSE:LMT) by 114.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 910 shares of the aerospace company’s stock after buying an additional 485 shares during the quarter. Forbes J M & Co. LLP’s holdings in Lockheed Martin were worth $442,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Itau Unibanco Holding S.A. purchased a new position in Lockheed Martin in the third quarter worth about $26,000. Heck Capital Advisors LLC purchased a new position in shares of Lockheed Martin in the fourth quarter worth approximately $35,000. Capital Performance Advisors LLP bought a new stake in Lockheed Martin during the third quarter valued at approximately $40,000. Legacy Investment Solutions LLC purchased a new stake in Lockheed Martin during the third quarter valued at approximately $42,000. Finally, Vestor Capital LLC bought a new position in Lockheed Martin in the third quarter worth approximately $46,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Stock Down 1.0 %

Shares of NYSE:LMT opened at $444.05 on Friday. 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. The company has a 50-day moving average price of $484.84 and a 200 day moving average price of $535.60. The company has a market cap of $104.52 billion, a price-to-earnings ratio of 19.95, a PEG ratio of 2.12 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data 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 net margin of 7.51% and a return on equity of 101.47%. As a group, equities research analysts predict that Lockheed Martin Co. will post 27.14 earnings per share for the current year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be paid a $3.30 dividend. The ex-dividend date is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a yield of 2.97%. Lockheed Martin’s dividend payout ratio is currently 59.30%.

Wall Street Analyst Weigh In

LMT has been the subject of several analyst reports. StockNews.com lowered Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Wells Fargo & Company reduced their price objective on shares of Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating for the company in a research note on Thursday, January 30th. Robert W. Baird lifted their target price on shares of Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. UBS Group cut their price target on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. Finally, Morgan Stanley lowered their price objective on 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. One 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 company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $555.60.

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.