Northern Financial Advisors Inc Decreases Holdings in Lockheed Martin Co. (NYSE:LMT)

Northern Financial Advisors Inc reduced its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 29.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,153 shares of the aerospace company’s stock after selling 492 shares during the quarter. Northern Financial Advisors Inc’s holdings in Lockheed Martin were worth $560,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Creative Planning increased its position in shares of Lockheed Martin by 3.1% in the third quarter. Creative Planning now owns 106,301 shares of the aerospace company’s stock worth $62,139,000 after acquiring an additional 3,236 shares in the last quarter. Transform Wealth LLC bought a new stake in Lockheed Martin in the third quarter valued at about $327,000. Carderock Capital Management Inc. raised its position in shares of Lockheed Martin by 141.0% during the 3rd quarter. Carderock Capital Management Inc. now owns 10,094 shares of the aerospace company’s stock valued at $5,901,000 after acquiring an additional 5,905 shares in the last quarter. Rheos Capital Works Inc. lifted its position in shares of Lockheed Martin by 12.1% in the 3rd quarter. Rheos Capital Works Inc. now owns 49,100 shares of the aerospace company’s stock worth $28,702,000 after buying an additional 5,300 shares during the last quarter. Finally, Tamar Securities LLC boosted its stake in Lockheed Martin by 2.9% in the third quarter. Tamar Securities LLC now owns 36,483 shares of the aerospace company’s stock valued at $21,327,000 after acquiring an additional 1,032 shares during the period. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on LMT shares. Truist Financial began coverage on shares of Lockheed Martin in a report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price objective for the company. Morgan Stanley reduced their price objective on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. StockNews.com downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Citigroup reduced their price objective on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. Finally, Barclays lowered their price objective 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. 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $555.60.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock opened at $434.36 on Friday. The company has a market cap of $102.24 billion, a PE ratio of 19.51, a price-to-earnings-growth ratio of 2.12 and a beta of 0.48. The business has a 50 day moving average price of $480.54 and a 200-day moving average price of $534.28. Lockheed Martin Co. has a 52 week low of $413.92 and a 52 week high of $618.95. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, topping 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%. Equities analysts anticipate that Lockheed Martin Co. will post 27.14 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be issued a $3.30 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 annualized dividend and a dividend yield of 3.04%. Lockheed Martin’s dividend payout ratio 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.