TCI Wealth Advisors Inc. Cuts Position in Lockheed Martin Co. (NYSE:LMT)

TCI Wealth Advisors Inc. reduced its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 18.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,498 shares of the aerospace company’s stock after selling 334 shares during the period. TCI Wealth Advisors Inc.’s holdings in Lockheed Martin were worth $728,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in LMT. Itau Unibanco Holding S.A. purchased a new stake in Lockheed Martin during the third quarter worth about $26,000. Mattson Financial Services LLC acquired a new position in shares of Lockheed Martin during the 2nd quarter worth approximately $27,000. Burkett Financial Services LLC acquired a new position in shares of Lockheed Martin in the third quarter worth $32,000. Capital Performance Advisors LLP purchased a new stake in Lockheed Martin during the 3rd quarter worth about $40,000. Finally, Legacy Investment Solutions LLC acquired a new position in Lockheed Martin in the 3rd quarter valued at about $42,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on LMT. StockNews.com downgraded shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Friday, January 3rd. Citigroup decreased their target price 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. Robert W. Baird boosted their price target on Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. Wells Fargo & Company dropped their price objective on shares of Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating for the company in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft downgraded Lockheed Martin from a “buy” rating to a “hold” rating and decreased their target price for the stock from $611.00 to $523.00 in a research report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $555.60.

Lockheed Martin Trading Up 1.0 %

Shares of NYSE LMT opened at $459.12 on Friday. The stock has a market capitalization of $108.07 billion, a P/E ratio of 20.63, a PEG ratio of 3.78 and a beta of 0.48. The stock’s 50 day moving average price is $493.89 and its two-hundred day moving average price is $536.43. The company has a quick ratio of 1.12, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a 52-week low of $413.92 and a 52-week high of $618.95.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data 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%. On average, analysts anticipate that Lockheed Martin Co. will post 27.09 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm 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 $3.30 dividend. The ex-dividend date is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a yield of 2.88%. 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.