River Street Advisors LLC Cuts Stake in Lockheed Martin Co. (NYSE:LMT)

River Street Advisors LLC lessened its holdings in Lockheed Martin Co. (NYSE:LMT) by 10.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 645 shares of the aerospace company’s stock after selling 72 shares during the period. River Street Advisors LLC’s holdings in Lockheed Martin were worth $313,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Algert Global LLC purchased a new position in shares of Lockheed Martin in the 2nd quarter valued at about $277,000. Czech National Bank lifted its stake in Lockheed Martin by 6.2% in the third quarter. Czech National Bank now owns 43,214 shares of the aerospace company’s stock worth $25,261,000 after acquiring an additional 2,520 shares during the last quarter. Curbstone Financial Management Corp acquired a new position in Lockheed Martin during the 3rd quarter worth approximately $421,000. Fluent Financial LLC purchased a new stake in shares of Lockheed Martin in the 3rd quarter valued at approximately $889,000. Finally, Allied Investment Advisors LLC raised its holdings in shares of Lockheed Martin by 0.5% in the 3rd quarter. Allied Investment Advisors LLC now owns 18,626 shares of the aerospace company’s stock valued at $10,888,000 after purchasing an additional 91 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on LMT shares. Truist Financial assumed coverage on shares of Lockheed Martin in a research note on Tuesday, January 14th. They set a “buy” rating and a $579.00 target price for the company. Morgan Stanley dropped their price objective on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a report on Wednesday. Barclays decreased their target price 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. Robert W. Baird raised their price objective on shares of Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft cut shares of Lockheed Martin from a “buy” rating to a “hold” rating and lowered their target price for the company from $611.00 to $523.00 in a report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $555.60.

Lockheed Martin Price Performance

Shares of NYSE:LMT opened at $462.53 on Friday. The company has a debt-to-equity ratio of 3.10, a quick ratio of 1.12 and a current ratio of 1.13. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $618.95. The company has a 50-day simple moving average of $492.29 and a 200-day simple moving average of $536.89. The stock has a market capitalization of $108.88 billion, a price-to-earnings ratio of 20.78, a PEG ratio of 3.78 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data 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 return on equity of 101.47% and a net margin of 7.51%. On average, analysts predict that Lockheed Martin Co. will post 27.09 EPS for the current year.

Lockheed Martin Dividend Announcement

The company also recently disclosed 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 is Monday, March 3rd. This represents a $13.20 annualized dividend and a yield of 2.85%. Lockheed Martin’s dividend payout ratio is currently 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.