HHM Wealth Advisors LLC Has $333,000 Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

HHM Wealth Advisors LLC lifted its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 14.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 685 shares of the aerospace company’s stock after purchasing an additional 87 shares during the quarter. HHM Wealth Advisors LLC’s holdings in Lockheed Martin were worth $333,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Algert Global LLC acquired a new position in shares of Lockheed Martin during the 2nd quarter valued at about $277,000. Czech National Bank boosted its position in Lockheed Martin by 6.2% during the third quarter. Czech National Bank now owns 43,214 shares of the aerospace company’s stock worth $25,261,000 after purchasing an additional 2,520 shares during the period. GAMMA Investing LLC grew its holdings in Lockheed Martin by 26.1% during the third quarter. GAMMA Investing LLC now owns 4,504 shares of the aerospace company’s stock valued at $2,633,000 after purchasing an additional 932 shares during the last quarter. WealthBridge Capital Management LLC bought a new position in shares of Lockheed Martin in the third quarter valued at approximately $258,000. Finally, IAM Advisory LLC lifted its stake in shares of Lockheed Martin by 1.3% in the third quarter. IAM Advisory LLC now owns 4,081 shares of the aerospace company’s stock worth $2,386,000 after buying an additional 54 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on LMT. Royal Bank of Canada decreased their price target on shares of Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating for the company in a report on Wednesday, January 29th. Susquehanna lowered their target price on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating on the stock in a report on Wednesday, January 29th. UBS Group cut their price target on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. TD Cowen boosted their target price 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. Finally, Truist Financial assumed 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. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Lockheed Martin presently has a consensus rating of “Moderate Buy” and a consensus price target of $555.60.

Lockheed Martin Stock Performance

Shares of NYSE:LMT opened at $462.53 on Monday. The firm’s 50 day simple moving average is $492.29 and its 200 day simple moving average is $536.89. Lockheed Martin Co. has a fifty-two week low of $413.92 and a fifty-two week high of $618.95. The company has a market capitalization of $108.88 billion, a price-to-earnings ratio of 20.78, a P/E/G ratio of 2.96 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 posted its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, topping 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%. As a group, sell-side analysts forecast that Lockheed Martin Co. will post 27.29 earnings per share for the current 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 issued a dividend of $3.30 per share. The ex-dividend date is Monday, March 3rd. This represents a $13.20 annualized dividend and a yield of 2.85%. Lockheed Martin’s dividend payout ratio (DPR) is currently 59.30%.

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.