Aljian Capital Management LLC Raises Position in Lockheed Martin Co. (NYSE:LMT)

Aljian Capital Management LLC lifted its position in Lockheed Martin Co. (NYSE:LMT) by 39.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,774 shares of the aerospace company’s stock after buying an additional 3,029 shares during the period. Lockheed Martin comprises 1.1% of Aljian Capital Management LLC’s portfolio, making the stock its 14th largest holding. Aljian Capital Management LLC’s holdings in Lockheed Martin were worth $5,236,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. AllGen Financial Advisors Inc. grew its position in shares of Lockheed Martin by 4.0% during the 3rd quarter. AllGen Financial Advisors Inc. now owns 468 shares of the aerospace company’s stock valued at $274,000 after acquiring an additional 18 shares during the period. Salomon & Ludwin LLC lifted its position in Lockheed Martin by 20.5% during the third quarter. Salomon & Ludwin LLC now owns 106 shares of the aerospace company’s stock valued at $62,000 after purchasing an additional 18 shares in the last quarter. Sunburst Financial Group LLC grew its holdings in Lockheed Martin by 3.3% during the third quarter. Sunburst Financial Group LLC now owns 566 shares of the aerospace company’s stock valued at $331,000 after purchasing an additional 18 shares during the period. Quad Cities Investment Group LLC grew its holdings in Lockheed Martin by 1.2% during the third quarter. Quad Cities Investment Group LLC now owns 1,572 shares of the aerospace company’s stock valued at $919,000 after purchasing an additional 19 shares during the period. Finally, Lmcg Investments LLC increased its position in Lockheed Martin by 3.0% in the third quarter. Lmcg Investments LLC now owns 651 shares of the aerospace company’s stock worth $381,000 after buying an additional 19 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on LMT. Citigroup lowered their price objective on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. Royal Bank of Canada dropped their price target on shares of Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating for the company in a research report on Wednesday, January 29th. Susquehanna reduced their price objective on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a research note on Wednesday, January 29th. UBS Group lowered their target price on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. Finally, Barclays cut their price target on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Lockheed Martin currently has an average rating of “Moderate Buy” and an average target price of $555.60.

Lockheed Martin Stock Performance

NYSE LMT opened at $441.67 on Thursday. 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 stock has a market capitalization of $103.96 billion, a PE ratio of 19.84, a P/E/G ratio of 2.12 and a beta of 0.48. Lockheed Martin Co. has a 1-year low of $413.92 and a 1-year high of $618.95. The business has a 50 day simple moving average of $480.54 and a two-hundred day simple moving average of $534.28.

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

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors 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 dividend on an annualized basis and a yield of 2.99%. Lockheed Martin’s dividend payout ratio is presently 59.30%.

Lockheed Martin Company 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.