Ferguson Wellman Capital Management Inc. Lowers Position in Lockheed Martin Co. (NYSE:LMT)

Ferguson Wellman Capital Management Inc. lowered its position in Lockheed Martin Co. (NYSE:LMT) by 11.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,702 shares of the aerospace company’s stock after selling 4,622 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Lockheed Martin were worth $16,863,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Gateway Investment Advisers LLC increased its stake in shares of Lockheed Martin by 0.5% in the 3rd quarter. Gateway Investment Advisers LLC now owns 4,811 shares of the aerospace company’s stock worth $2,812,000 after acquiring an additional 25 shares in the last quarter. Annex Advisory Services LLC purchased a new stake in Lockheed Martin in the third quarter worth about $236,000. Retirement Planning Group LLC increased its stake in shares of Lockheed Martin by 122.4% during the third quarter. Retirement Planning Group LLC now owns 1,281 shares of the aerospace company’s stock valued at $749,000 after purchasing an additional 705 shares in the last quarter. Gibson Capital LLC purchased a new position in shares of Lockheed Martin during the third quarter valued at approximately $196,000. Finally, Carnegie Investment Counsel boosted its position in shares of Lockheed Martin by 0.4% in the 3rd quarter. Carnegie Investment Counsel now owns 28,635 shares of the aerospace company’s stock worth $16,739,000 after purchasing an additional 128 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Shares of LMT opened at $444.05 on Monday. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $618.95. The business has a fifty day moving average of $484.84 and a 200 day moving average of $535.84. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. The firm has a market capitalization of $104.52 billion, a P/E ratio of 19.95, a PEG ratio of 2.12 and a beta of 0.48.

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 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 anticipate that Lockheed Martin Co. will post 27.14 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be given a $3.30 dividend. The ex-dividend date is Monday, March 3rd. This represents a $13.20 annualized dividend and a yield of 2.97%. Lockheed Martin’s payout ratio is presently 59.30%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LMT. Truist Financial assumed coverage on Lockheed Martin in a research note on Tuesday, January 14th. They set a “buy” rating and a $579.00 price objective for the company. Deutsche Bank Aktiengesellschaft cut shares of 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 note on Thursday, January 2nd. JPMorgan Chase & Co. reduced their price objective 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. 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 note on Wednesday, January 29th. Finally, StockNews.com downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.