Waverton Investment Management Ltd Raises Stock Position in Lockheed Martin Co. (NYSE:LMT)

Waverton Investment Management Ltd grew its holdings in Lockheed Martin Co. (NYSE:LMT) by 18.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,300 shares of the aerospace company’s stock after acquiring an additional 365 shares during the period. Waverton Investment Management Ltd’s holdings in Lockheed Martin were worth $1,118,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. BKM Wealth Management LLC bought a new stake in shares of Lockheed Martin during the third quarter valued at approximately $246,000. Boston Trust Walden Corp increased its holdings in Lockheed Martin by 0.4% in the 3rd quarter. Boston Trust Walden Corp now owns 24,333 shares of the aerospace company’s stock valued at $14,224,000 after acquiring an additional 91 shares during the last quarter. GHP Investment Advisors Inc. lifted its stake in Lockheed Martin by 8.7% in the 3rd quarter. GHP Investment Advisors Inc. now owns 4,186 shares of the aerospace company’s stock worth $2,447,000 after purchasing an additional 334 shares in the last quarter. AllGen Financial Advisors Inc. boosted its holdings 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 purchasing an additional 18 shares during the last quarter. Finally, Manchester Financial Inc. bought a new position in shares of Lockheed Martin during the 3rd quarter valued at about $248,000. Institutional investors own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

LMT has been the topic of a number of research analyst reports. Wells Fargo & Company decreased their target price on Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 30th. Barclays decreased 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. Royal Bank of Canada cut their target price on shares of Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating for the company in a report on Wednesday, January 29th. JPMorgan Chase & Co. lowered their price objective on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Finally, Citigroup dropped their price objective on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, six have issued 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, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $555.60.

Lockheed Martin Stock Up 1.1 %

Shares of NYSE LMT opened at $441.20 on Monday. Lockheed Martin Co. has a 1 year low of $419.70 and a 1 year high of $618.95. The firm has a 50-day simple moving average of $469.94 and a two-hundred day simple moving average of $528.75. The company has a market cap of $103.85 billion, a P/E ratio of 19.82, a PEG ratio of 2.07 and a beta of 0.48. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. Research analysts anticipate that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The business also recently declared 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. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s payout ratio is presently 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.