Monument Capital Management Buys 38 Shares of Lockheed Martin Co. (NYSE:LMT)

Monument Capital Management lifted its holdings in Lockheed Martin Co. (NYSE:LMT) by 2.9% during the 4th quarter, Holdings Channel reports. The fund owned 1,345 shares of the aerospace company’s stock after acquiring an additional 38 shares during the quarter. Monument Capital Management’s holdings in Lockheed Martin were worth $654,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Itau Unibanco Holding S.A. bought a new position in Lockheed Martin in the 3rd quarter worth approximately $26,000. Heck Capital Advisors LLC acquired a new stake in shares of Lockheed Martin during the fourth quarter worth $35,000. Capital Performance Advisors LLP bought a new stake in Lockheed Martin in the third quarter valued at about $40,000. Legacy Investment Solutions LLC acquired a new position in Lockheed Martin in the third quarter valued at about $42,000. Finally, Vestor Capital LLC acquired a new position in shares of Lockheed Martin during the 3rd quarter worth about $46,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Down 2.7 %

Lockheed Martin stock opened at $423.15 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. The stock has a 50-day simple moving average of $477.08 and a 200 day simple moving average of $532.83. The stock has a market capitalization of $99.60 billion, a P/E ratio of 19.01, a PEG ratio of 2.12 and a beta of 0.48. Lockheed Martin Co. has a 52 week low of $418.58 and a 52 week high of $618.95.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, beating the consensus estimate of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. Analysts expect that Lockheed Martin Co. will post 27.14 earnings per share for the current year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be paid a dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 3.12%. Lockheed Martin’s dividend payout ratio (DPR) is currently 59.30%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on LMT. Citigroup cut their price target on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. UBS Group lowered their price objective on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. Barclays reduced their target price on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. Susquehanna cut their price objective on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating on the stock in a report on Wednesday, January 29th. Finally, StockNews.com cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Friday, January 31st. One investment 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’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.