Opinicus Capital Inc. Buys 30 Shares of Lockheed Martin Co. (NYSE:LMT)

Opinicus Capital Inc. increased its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 3.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 873 shares of the aerospace company’s stock after acquiring an additional 30 shares during the quarter. Opinicus Capital Inc.’s holdings in Lockheed Martin were worth $424,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Itau Unibanco Holding S.A. bought a new position in shares of Lockheed Martin during the 3rd quarter worth about $26,000. Heck Capital Advisors LLC acquired a new position in Lockheed Martin during the 4th quarter worth approximately $35,000. Capital Performance Advisors LLP bought a new position in Lockheed Martin in the third quarter worth approximately $40,000. Legacy Investment Solutions LLC acquired a new stake in Lockheed Martin in the third quarter valued at approximately $42,000. Finally, Vestor Capital LLC bought a new stake in shares of Lockheed Martin during the third quarter valued at approximately $46,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Trading Down 1.0 %

NYSE LMT opened at $444.05 on Friday. The business’s fifty day moving average is $486.55 and its 200-day moving average is $535.81. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. The stock has a market capitalization of $104.52 billion, a price-to-earnings ratio of 19.95, a PEG ratio of 2.12 and a beta of 0.48. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $618.95.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, topping 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%. Equities research analysts predict that Lockheed Martin Co. will post 27.14 EPS for the current year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be given a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s dividend payout ratio is currently 59.30%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on LMT. JPMorgan Chase & Co. cut their target price on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Truist Financial assumed coverage on shares of Lockheed Martin in a research note on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price objective on the stock. UBS Group lowered their target price on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. Wells Fargo & Company cut their price target on Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating for the company in a research note on Thursday, January 30th. Finally, Barclays lowered their price objective 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $555.60.

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.