Empowered Funds LLC Has $16.20 Million Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Empowered Funds LLC raised its holdings in Lockheed Martin Co. (NYSE:LMT) by 11.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,328 shares of the aerospace company’s stock after acquiring an additional 3,320 shares during the quarter. Empowered Funds LLC’s holdings in Lockheed Martin were worth $16,195,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Moloney Securities Asset Management LLC lifted its stake in Lockheed Martin by 0.9% in the fourth quarter. Moloney Securities Asset Management LLC now owns 6,545 shares of the aerospace company’s stock valued at $3,181,000 after acquiring an additional 60 shares during the last quarter. Pacific Wealth Strategies Group Inc. raised its position in shares of Lockheed Martin by 1.1% in the fourth quarter. Pacific Wealth Strategies Group Inc. now owns 3,032 shares of the aerospace company’s stock valued at $1,473,000 after purchasing an additional 34 shares during the period. Counterweight Ventures LLC raised its position in shares of Lockheed Martin by 1.6% in the fourth quarter. Counterweight Ventures LLC now owns 3,488 shares of the aerospace company’s stock valued at $1,695,000 after purchasing an additional 56 shares during the period. Forbes J M & Co. LLP raised its position in shares of Lockheed Martin by 114.1% in the fourth quarter. Forbes J M & Co. LLP now owns 910 shares of the aerospace company’s stock valued at $442,000 after purchasing an additional 485 shares during the period. Finally, Wilmington Savings Fund Society FSB raised its position in shares of Lockheed Martin by 10.4% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 8,191 shares of the aerospace company’s stock valued at $3,980,000 after purchasing an additional 772 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. StockNews.com lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. Morgan Stanley dropped their target price on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. JPMorgan Chase & Co. dropped their target price on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Truist Financial assumed coverage on shares of Lockheed Martin in a research report on Tuesday, January 14th. They set a “buy” rating and a $579.00 target price on the stock. Finally, Susquehanna dropped their target price on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating on the stock in a research report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $555.60.

Lockheed Martin Stock Down 1.0 %

Shares of NYSE LMT opened at $444.05 on Friday. The firm’s 50-day simple moving average is $484.84 and its 200 day simple moving average is $535.60. The company has a market cap of $104.52 billion, a price-to-earnings ratio of 19.95, a price-to-earnings-growth ratio of 2.12 and a beta of 0.48. 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 Co. has a 12-month low of $413.92 and a 12-month high of $618.95.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, beating 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, research analysts expect that Lockheed Martin Co. will post 27.14 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 given a dividend of $3.30 per share. The ex-dividend date is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a yield of 2.97%. Lockheed Martin’s payout ratio is presently 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.