Apollon Financial LLC Makes New $225,000 Investment in Lockheed Martin Co. (NYSE:LMT)

Apollon Financial LLC bought a new position in shares of Lockheed Martin Co. (NYSE:LMT) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 463 shares of the aerospace company’s stock, valued at approximately $225,000.

A number of other large investors also recently modified their holdings of the business. Itau Unibanco Holding S.A. bought a new stake in shares of Lockheed Martin during the third quarter valued at approximately $26,000. Heck Capital Advisors LLC bought a new stake in Lockheed Martin during the 4th quarter valued at $35,000. Capital Performance Advisors LLP bought a new stake in Lockheed Martin during the 3rd quarter valued at $40,000. Legacy Investment Solutions LLC acquired a new position in Lockheed Martin during the 3rd quarter worth $42,000. Finally, Vestor Capital LLC bought a new position in shares of Lockheed Martin in the third quarter worth $46,000. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Down 1.0 %

Shares of LMT stock opened at $444.05 on Friday. The company has a market capitalization of $104.52 billion, a price-to-earnings ratio of 19.95, a P/E/G ratio of 2.12 and a beta of 0.48. Lockheed Martin Co. has a 12-month low of $413.92 and a 12-month high of $618.95. The firm has a fifty day moving average of $484.84 and a 200-day moving average of $535.60. 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 released its 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 return on equity of 101.47% and a net margin of 7.51%. As a group, equities research analysts predict that Lockheed Martin Co. will post 27.14 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on LMT. TD Cowen upped their price target on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Barclays cut their target price on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. Royal Bank of Canada decreased their price target on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating for the company in a research report on Wednesday, January 29th. StockNews.com downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Finally, Wells Fargo & Company decreased their target price on shares of Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating for the company in a report on Thursday, January 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Lockheed Martin currently has a consensus rating of “Moderate Buy” and a consensus price target 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.