Lockheed Martin Co. (NYSE:LMT) Shares Bought by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. grew its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 174.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,176 shares of the aerospace company’s stock after purchasing an additional 2,017 shares during the period. Confluence Wealth Services Inc.’s holdings in Lockheed Martin were worth $1,579,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Lockheed Martin by 45.9% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 175,878 shares of the aerospace company’s stock worth $85,988,000 after acquiring an additional 55,365 shares in the last quarter. Jericho Financial LLP purchased a new position in Lockheed Martin in the fourth quarter valued at $203,000. Hager Investment Management Services LLC purchased a new stake in Lockheed Martin during the 4th quarter worth about $947,000. Stratos Wealth Partners LTD. raised its position in Lockheed Martin by 8.8% in the 4th quarter. Stratos Wealth Partners LTD. now owns 11,487 shares of the aerospace company’s stock valued at $5,582,000 after purchasing an additional 925 shares in the last quarter. Finally, Silverlake Wealth Management LLC boosted its stake in shares of Lockheed Martin by 21.2% in the 4th quarter. Silverlake Wealth Management LLC now owns 549 shares of the aerospace company’s stock valued at $267,000 after buying an additional 96 shares during the period. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Down 0.3 %

LMT stock opened at $454.00 on Wednesday. The company has a market cap of $106.87 billion, a price-to-earnings ratio of 20.40, a price-to-earnings-growth ratio of 2.96 and a beta of 0.48. The company has a fifty day moving average price of $489.62 and a 200 day moving average price of $537.03. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. Lockheed Martin Co. has a 12 month low of $413.92 and a 12 month high of $618.95.

Lockheed Martin (NYSE:LMT) last announced its earnings results 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%. Sell-side analysts expect that Lockheed Martin Co. will post 27.29 earnings per share for the current year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be issued a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s payout ratio is currently 59.30%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LMT. Barclays cut their target price 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. Citigroup reduced their price objective on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. UBS Group lowered their target price on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. Robert W. Baird raised their price target on Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. Finally, Wells Fargo & Company lowered their price objective on Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating for the company in a research report on Thursday, January 30th. 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 assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $555.60.

Lockheed Martin 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.