W.H. Cornerstone Investments Inc. Raises Holdings in Lockheed Martin Co. (NYSE:LMT)

W.H. Cornerstone Investments Inc. lifted its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 81.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,332 shares of the aerospace company’s stock after buying an additional 597 shares during the period. W.H. Cornerstone Investments Inc.’s holdings in Lockheed Martin were worth $647,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. First Merchants Corp grew its holdings in Lockheed Martin by 0.4% in the fourth quarter. First Merchants Corp now owns 16,212 shares of the aerospace company’s stock valued at $7,878,000 after purchasing an additional 71 shares during the last quarter. Rooted Wealth Advisors Inc. boosted its position in Lockheed Martin by 55.4% during the fourth quarter. Rooted Wealth Advisors Inc. now owns 1,139 shares of the aerospace company’s stock worth $528,000 after acquiring an additional 406 shares during the last quarter. Root Financial Partners LLC purchased a new stake in shares of Lockheed Martin in the fourth quarter valued at $251,000. Vontobel Holding Ltd. lifted its holdings in shares of Lockheed Martin by 95.0% during the 4th quarter. Vontobel Holding Ltd. now owns 3,702 shares of the aerospace company’s stock worth $1,799,000 after acquiring an additional 1,804 shares during the period. Finally, Bogart Wealth LLC grew its stake in shares of Lockheed Martin by 1.0% during the 4th quarter. Bogart Wealth LLC now owns 19,858 shares of the aerospace company’s stock valued at $9,650,000 after buying an additional 203 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on LMT. JPMorgan Chase & Co. cut their price target 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. Citigroup reduced their target price on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Wells Fargo & Company lowered their price objective on Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating for the company in a report on Thursday, January 30th. Truist Financial started coverage on shares of Lockheed Martin in a report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price target for the company. Finally, Susquehanna dropped their target price 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $555.60.

Lockheed Martin Price Performance

Shares of LMT stock opened at $434.36 on Friday. The firm’s 50 day moving average is $480.54 and its 200-day moving average is $534.28. The firm has a market capitalization of $102.24 billion, a price-to-earnings ratio of 19.51, a PEG ratio of 2.12 and a beta of 0.48. Lockheed Martin Co. has a 1 year low of $413.92 and a 1 year 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.

Lockheed Martin (NYSE:LMT) last announced 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 return on equity of 101.47% and a net margin of 7.51%. Sell-side analysts forecast that Lockheed Martin Co. will post 27.14 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The company 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. This represents a $13.20 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s payout ratio is 59.30%.

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.