Lockheed Martin Co. (NYSE:LMT) Shares Acquired by Cantor Fitzgerald Investment Advisors L.P.

Cantor Fitzgerald Investment Advisors L.P. raised its holdings in Lockheed Martin Co. (NYSE:LMT) by 2.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,443 shares of the aerospace company’s stock after purchasing an additional 399 shares during the quarter. Cantor Fitzgerald Investment Advisors L.P.’s holdings in Lockheed Martin were worth $7,018,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LMT. USA Financial Formulas purchased a new stake in shares of Lockheed Martin in the 3rd quarter valued at approximately $233,000. Cypress Wealth Services LLC acquired a new stake in shares of Lockheed Martin in the third quarter valued at $440,000. Watts Gwilliam & Co. LLC purchased a new stake in shares of Lockheed Martin during the third quarter worth approximately $1,096,000. Merrion Investment Management Co LLC lifted its position in shares of Lockheed Martin by 8.8% during the 3rd quarter. Merrion Investment Management Co LLC now owns 495 shares of the aerospace company’s stock worth $289,000 after purchasing an additional 40 shares during the last quarter. Finally, Independence Bank of Kentucky increased its holdings in shares of Lockheed Martin by 23.0% in the 3rd quarter. Independence Bank of Kentucky now owns 3,086 shares of the aerospace company’s stock valued at $1,804,000 after acquiring an additional 577 shares during the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on LMT. TD Cowen boosted their price objective on Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. StockNews.com downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. Barclays cut their price objective 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. Truist Financial assumed coverage on Lockheed Martin in a research report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft cut Lockheed Martin from a “buy” rating to a “hold” rating and reduced their target price for the company from $611.00 to $523.00 in a research note on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Lockheed Martin presently has an average rating of “Moderate Buy” and a consensus price target of $555.60.

Lockheed Martin Stock Down 1.0 %

NYSE LMT opened at $444.05 on Friday. The stock has a fifty day moving average of $486.55 and a 200-day moving average of $535.81. Lockheed Martin Co. has a 52 week low of $413.92 and a 52 week high of $618.95. The stock has a market capitalization of $104.52 billion, a P/E ratio of 19.95, a price-to-earnings-growth ratio of 2.12 and a beta of 0.48. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, topping the consensus estimate of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. On average, equities research analysts forecast that Lockheed Martin Co. will post 27.14 EPS for the current year.

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be given a dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 annualized dividend and a dividend yield of 2.97%. Lockheed Martin’s dividend payout ratio is 59.30%.

About Lockheed Martin

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.