Lockheed Martin Corporation $LMT Shares Bought by Savvy Advisors Inc.

Savvy Advisors Inc. grew its position in Lockheed Martin Corporation (NYSE:LMTFree Report) by 59.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,637 shares of the aerospace company’s stock after purchasing an additional 2,847 shares during the quarter. Savvy Advisors Inc.’s holdings in Lockheed Martin were worth $3,694,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in LMT. McGlone Suttner Wealth Management Inc. boosted its position in shares of Lockheed Martin by 2.0% in the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 985 shares of the aerospace company’s stock worth $476,000 after purchasing an additional 19 shares in the last quarter. Sheets Smith Wealth Management grew its stake in Lockheed Martin by 2.2% during the 4th quarter. Sheets Smith Wealth Management now owns 873 shares of the aerospace company’s stock worth $422,000 after buying an additional 19 shares during the last quarter. Wealth Advisory Solutions LLC increased its position in Lockheed Martin by 3.7% during the 4th quarter. Wealth Advisory Solutions LLC now owns 554 shares of the aerospace company’s stock valued at $268,000 after buying an additional 20 shares in the last quarter. Old North State Wealth Management LLC increased its position in Lockheed Martin by 2.0% during the 3rd quarter. Old North State Wealth Management LLC now owns 1,073 shares of the aerospace company’s stock valued at $539,000 after buying an additional 21 shares in the last quarter. Finally, GS Investments Inc. raised its stake in Lockheed Martin by 1.0% in the third quarter. GS Investments Inc. now owns 2,231 shares of the aerospace company’s stock valued at $1,114,000 after buying an additional 22 shares during the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Stock Up 0.0%

Shares of LMT stock opened at $623.03 on Friday. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $692.00. The firm has a market capitalization of $143.59 billion, a PE ratio of 28.99, a P/E/G ratio of 1.12 and a beta of 0.23. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.94 and a current ratio of 1.09. The stock’s 50-day simple moving average is $636.22 and its 200-day simple moving average is $542.31.

Lockheed Martin (NYSE:LMTGet Free Report) last released its earnings results on Thursday, January 29th. The aerospace company reported $5.80 EPS for the quarter, missing analysts’ consensus estimates of $6.33 by ($0.53). Lockheed Martin had a return on equity of 108.53% and a net margin of 6.69%.The firm had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.84 billion. During the same period last year, the firm earned $7.67 EPS. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. Equities analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The firm also recently disclosed 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 was Monday, March 2nd. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.2%. Lockheed Martin’s dividend payout ratio is presently 64.22%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on LMT. TD Cowen raised their price target on Lockheed Martin from $600.00 to $670.00 and gave the stock a “hold” rating in a report on Friday, January 30th. Morgan Stanley set a $675.00 price objective on shares of Lockheed Martin in a report on Wednesday, February 4th. UBS Group lifted their target price on shares of Lockheed Martin from $580.00 to $663.00 and gave the stock a “neutral” rating in a research note on Monday, February 2nd. Wall Street Zen downgraded shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 22nd. Finally, Argus boosted their target price on shares of Lockheed Martin from $530.00 to $735.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. Seven investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $634.74.

Get Our Latest Stock Analysis on LMT

Lockheed Martin News Roundup

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Lockheed Martin Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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