Soltis Investment Advisors LLC Buys 4,159 Shares of Lockheed Martin Co. (NYSE:LMT)

Soltis Investment Advisors LLC increased its position in Lockheed Martin Co. (NYSE:LMT) by 42.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,935 shares of the aerospace company’s stock after purchasing an additional 4,159 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Lockheed Martin were worth $6,772,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Itau Unibanco Holding S.A. acquired a new position in shares of Lockheed Martin during the 3rd quarter worth about $26,000. Heck Capital Advisors LLC bought a new stake in Lockheed Martin in the 4th quarter valued at $35,000. Capital Performance Advisors LLP bought a new stake in Lockheed Martin in the 3rd quarter valued at approximately $40,000. Legacy Investment Solutions LLC bought a new position in Lockheed Martin in the third quarter valued at $42,000. Finally, Vestor Capital LLC bought a new stake in Lockheed Martin during the third quarter worth about $46,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Performance

Lockheed Martin stock opened at $444.05 on Monday. 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 Co. has a fifty-two week low of $413.92 and a fifty-two week high of $618.95. The stock 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. The stock’s 50 day simple moving average is $484.84 and its two-hundred day simple moving average is $535.84.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS 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, analysts expect that Lockheed Martin Co. will post 27.14 earnings per share for the current fiscal 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 dividend of $3.30 per share. 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 presently 59.30%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on LMT shares. Truist Financial assumed coverage on Lockheed Martin in a research note on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price objective on the stock. TD Cowen upped their price objective on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. UBS Group decreased their price target on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. Robert W. Baird boosted their target price on shares of Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. Finally, Citigroup lowered their price objective on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $555.60.

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.