Vaughan David Investments LLC IL Purchases 742 Shares of Lockheed Martin Co. (NYSE:LMT)

Vaughan David Investments LLC IL boosted its position in shares of Lockheed Martin Co. (NYSE:LMT) by 0.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 88,684 shares of the aerospace company’s stock after purchasing an additional 742 shares during the period. Vaughan David Investments LLC IL’s holdings in Lockheed Martin were worth $43,095,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in LMT. Salomon & Ludwin LLC grew its holdings in Lockheed Martin by 20.5% during the 3rd quarter. Salomon & Ludwin LLC now owns 106 shares of the aerospace company’s stock valued at $62,000 after purchasing an additional 18 shares during the last quarter. FCG Investment Co boosted its position in Lockheed Martin by 35.1% in the 3rd quarter. FCG Investment Co now owns 5,057 shares of the aerospace company’s stock valued at $2,956,000 after buying an additional 1,315 shares during the period. Lederer & Associates Investment Counsel CA purchased a new stake in Lockheed Martin in the 3rd quarter valued at about $213,000. Inscription Capital LLC boosted its position in Lockheed Martin by 11.1% in the 3rd quarter. Inscription Capital LLC now owns 1,058 shares of the aerospace company’s stock valued at $619,000 after buying an additional 106 shares during the period. Finally, Forbes J M & Co. LLP purchased a new stake in Lockheed Martin in the 3rd quarter valued at about $248,000. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Trading Down 0.3 %

NYSE:LMT opened at $439.62 on Tuesday. Lockheed Martin Co. has a 52 week low of $419.70 and a 52 week high of $618.95. The firm has a 50 day moving average of $468.90 and a 200 day moving average of $527.96. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. The stock has a market capitalization of $103.48 billion, a price-to-earnings ratio of 19.75, a PEG ratio of 2.07 and a beta of 0.48.

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, 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%. As a group, sell-side analysts anticipate that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The business 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 dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a yield of 3.00%. Lockheed Martin’s payout ratio is 59.30%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on LMT. Citigroup lowered 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 report on Tuesday, January 21st. UBS Group lowered their price objective on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. Susquehanna lowered 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 report on Wednesday, January 29th. Royal Bank of Canada lowered 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. Finally, Morgan Stanley lowered their price target on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.