Lockheed Martin Co. (NYSE:LMT) Holdings Raised by Princeton Global Asset Management LLC

Princeton Global Asset Management LLC boosted its holdings in Lockheed Martin Co. (NYSE:LMT) by 0.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,337 shares of the aerospace company’s stock after purchasing an additional 24 shares during the quarter. Princeton Global Asset Management LLC’s holdings in Lockheed Martin were worth $4,051,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. HHM Wealth Advisors LLC increased its position in Lockheed Martin by 14.5% in the 4th quarter. HHM Wealth Advisors LLC now owns 685 shares of the aerospace company’s stock valued at $333,000 after acquiring an additional 87 shares during the period. Willis Investment Counsel raised its stake in shares of Lockheed Martin by 4.8% during the fourth quarter. Willis Investment Counsel now owns 87,082 shares of the aerospace company’s stock valued at $42,317,000 after purchasing an additional 3,979 shares in the last quarter. CFM Wealth Partners LLC lifted its holdings in Lockheed Martin by 3.1% in the fourth quarter. CFM Wealth Partners LLC now owns 1,011 shares of the aerospace company’s stock worth $491,000 after purchasing an additional 30 shares during the period. GPS Wealth Strategies Group LLC increased its stake in Lockheed Martin by 23.1% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 6,589 shares of the aerospace company’s stock valued at $3,202,000 after buying an additional 1,235 shares during the period. Finally, CGC Financial Services LLC raised its position in shares of Lockheed Martin by 134.8% during the 4th quarter. CGC Financial Services LLC now owns 162 shares of the aerospace company’s stock worth $79,000 after buying an additional 93 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Up 0.6 %

Shares of Lockheed Martin stock opened at $462.53 on Monday. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a 1 year low of $413.92 and a 1 year high of $618.95. The stock has a 50-day moving average price of $492.29 and a 200 day moving average price of $536.89. The company has a market cap of $108.88 billion, a P/E ratio of 20.78, a P/E/G ratio of 2.96 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 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, analysts expect that Lockheed Martin Co. will post 27.29 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently announced 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. 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 2.85%. Lockheed Martin’s dividend payout ratio (DPR) is currently 59.30%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Barclays lowered their price objective on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. Royal Bank of Canada lowered their price target on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 29th. TD Cowen upped their price objective on Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Morgan Stanley lowered their target price on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. Finally, UBS Group cut their price target on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $555.60.

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.