Lockheed Martin Co. (NYSE:LMT) Shares Bought by Eubel Brady & Suttman Asset Management Inc.

Eubel Brady & Suttman Asset Management Inc. boosted its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 0.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 37,177 shares of the aerospace company’s stock after purchasing an additional 191 shares during the quarter. Lockheed Martin comprises approximately 2.4% of Eubel Brady & Suttman Asset Management Inc.’s holdings, making the stock its 18th biggest position. Eubel Brady & Suttman Asset Management Inc.’s holdings in Lockheed Martin were worth $18,066,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. acquired a new stake in Lockheed Martin during the 3rd quarter worth about $26,000. Capital Performance Advisors LLP acquired a new stake in Lockheed Martin during the 3rd quarter worth about $40,000. Heck Capital Advisors LLC acquired a new stake in Lockheed Martin during the 4th quarter worth about $35,000. Legacy Investment Solutions LLC acquired a new stake in Lockheed Martin during the 3rd quarter worth about $42,000. Finally, Vestor Capital LLC acquired a new stake in Lockheed Martin during the 3rd quarter worth about $46,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Stock Up 1.1 %

LMT stock opened at $441.20 on Friday. The firm has a market cap of $103.86 billion, a PE ratio of 19.82, a PEG ratio of 2.05 and a beta of 0.48. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. The firm’s 50 day moving average price is $469.94 and its 200-day moving average price is $528.97. Lockheed Martin Co. has a one year low of $419.70 and a one year high of $618.95.

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, beating the consensus estimate 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, equities research analysts anticipate that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be issued a $3.30 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 annualized dividend and a yield of 2.99%. Lockheed Martin’s dividend payout ratio (DPR) is presently 59.30%.

Analyst Upgrades and Downgrades

LMT has been the topic of several analyst reports. Barclays cut their price target on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. UBS Group dropped their target price on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. Susquehanna dropped their target price on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating on the stock in a research report on Wednesday, January 29th. Truist Financial began coverage on 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, Royal Bank of Canada dropped their target price 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. One 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $555.60.

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.