Lockheed Martin Co. (NYSE:LMT) Stock Holdings Increased by Pine Valley Investments Ltd Liability Co

Pine Valley Investments Ltd Liability Co raised its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 24.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,828 shares of the aerospace company’s stock after buying an additional 2,894 shares during the period. Pine Valley Investments Ltd Liability Co’s holdings in Lockheed Martin were worth $7,205,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in LMT. Itau Unibanco Holding S.A. acquired a new stake in Lockheed Martin during the 3rd quarter worth about $26,000. Heck Capital Advisors LLC purchased a new position in Lockheed Martin during the 4th quarter worth approximately $35,000. Capital Performance Advisors LLP acquired a new position in Lockheed Martin during the third quarter valued at $40,000. Legacy Investment Solutions LLC acquired a new stake in shares of 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 and hedge funds own 74.19% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on LMT. Deutsche Bank Aktiengesellschaft downgraded Lockheed Martin from a “buy” rating to a “hold” rating and dropped their price target for the stock from $611.00 to $523.00 in a research report on Thursday, January 2nd. Royal Bank of Canada dropped their target price on shares of Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 29th. Barclays reduced their price target on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. UBS Group dropped their price objective on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $555.60.

Lockheed Martin Price Performance

Shares of LMT stock opened at $439.62 on Tuesday. The stock’s fifty day simple moving average is $468.90 and its 200 day simple moving average is $527.96. Lockheed Martin Co. has a one year low of $419.70 and a one year high of $618.95. The firm has a market cap of $103.48 billion, a price-to-earnings ratio of 19.75, a P/E/G ratio of 2.07 and a beta of 0.48. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95.

Lockheed Martin (NYSE:LMT) last released 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%. On average, analysts expect that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be issued a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s dividend payout ratio is currently 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.