Clg LLC Makes New Investment in Lockheed Martin Corporation $LMT

Clg LLC purchased a new position in shares of Lockheed Martin Corporation (NYSE:LMT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 945 shares of the aerospace company’s stock, valued at approximately $457,000.

A number of other hedge funds have also bought and sold shares of LMT. United Financial Planning Group LLC acquired a new stake in Lockheed Martin during the third quarter valued at approximately $25,000. Barnes Dennig Private Wealth Management LLC lifted its holdings in Lockheed Martin by 285.7% during the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company’s stock worth $27,000 after buying an additional 40 shares during the last quarter. Grey Fox Wealth Advisors LLC acquired a new position in shares of Lockheed Martin in the 3rd quarter worth approximately $27,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Lockheed Martin in the 2nd quarter valued at approximately $29,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Lockheed Martin in the 3rd quarter valued at approximately $35,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on LMT shares. Argus raised their price objective on Lockheed Martin from $530.00 to $735.00 and gave the stock a “buy” rating in a research note on Friday, March 6th. UBS Group raised their price target on shares of Lockheed Martin from $580.00 to $663.00 and gave the stock a “neutral” rating in a research report on Monday, February 2nd. Morgan Stanley set a $675.00 price target on shares of Lockheed Martin in a report on Wednesday, February 4th. Citigroup increased their price objective on shares of Lockheed Martin from $592.00 to $673.00 and gave the stock a “neutral” rating in a research note on Thursday, February 5th. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $654.00 target price on shares of Lockheed Martin in a report on Friday, February 6th. Seven research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $623.16.

Lockheed Martin Stock Down 3.1%

LMT stock opened at $596.97 on Tuesday. The stock has a market cap of $137.58 billion, a PE ratio of 27.78, a price-to-earnings-growth ratio of 1.11 and a beta of 0.22. The firm’s 50-day simple moving average is $633.74 and its 200 day simple moving average is $538.74. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $692.00. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 3.05.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Thursday, January 29th. The aerospace company reported $5.80 earnings per share for the quarter, missing analysts’ consensus estimates of $6.33 by ($0.53). Lockheed Martin had a net margin of 6.69% and a return on equity of 108.53%. The business had revenue of $20.32 billion for the quarter, compared to the consensus estimate of $19.84 billion. During the same period last year, the firm posted $7.67 EPS. The business’s quarterly revenue was up 9.1% on a year-over-year basis. As a group, sell-side analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 2nd were paid a $3.45 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $13.80 annualized dividend and a dividend yield of 2.3%. Lockheed Martin’s dividend payout ratio is presently 64.22%.

Lockheed Martin Company Profile

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.