Lockheed Martin Co. (NYSE:LMT) Holdings Raised by AFT Forsyth & Company Inc.

AFT Forsyth & Company Inc. boosted its stake in Lockheed Martin Co. (NYSE:LMT) by 1.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,088 shares of the aerospace company’s stock after buying an additional 32 shares during the period. AFT Forsyth & Company Inc.’s holdings in Lockheed Martin were worth $1,501,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Castle Wealth Management LLC boosted its stake in Lockheed Martin by 3.9% during the 4th quarter. Castle Wealth Management LLC now owns 1,773 shares of the aerospace company’s stock valued at $861,000 after purchasing an additional 67 shares in the last quarter. Consolidated Planning Corp lifted its holdings in shares of Lockheed Martin by 5.3% in the fourth quarter. Consolidated Planning Corp now owns 613 shares of the aerospace company’s stock valued at $298,000 after buying an additional 31 shares during the period. Van ECK Associates Corp boosted its stake in Lockheed Martin by 1,239.6% during the fourth quarter. Van ECK Associates Corp now owns 548,237 shares of the aerospace company’s stock valued at $266,410,000 after buying an additional 507,312 shares in the last quarter. Louisbourg Investments Inc. grew its holdings in Lockheed Martin by 44.1% during the fourth quarter. Louisbourg Investments Inc. now owns 134 shares of the aerospace company’s stock worth $65,000 after acquiring an additional 41 shares during the period. Finally, Jmac Enterprises LLC raised its position in Lockheed Martin by 1.5% in the fourth quarter. Jmac Enterprises LLC now owns 6,385 shares of the aerospace company’s stock worth $3,103,000 after acquiring an additional 97 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Trading Down 1.7 %

NYSE:LMT opened at $441.67 on Thursday. The stock’s 50-day moving average is $482.05 and its two-hundred day moving average is $534.93. 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 cap of $103.96 billion, a PE ratio of 19.84, a price-to-earnings-growth ratio of 2.12 and a beta of 0.48. Lockheed Martin Co. has a fifty-two week low of $413.92 and a fifty-two week 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, 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%. As a group, equities research analysts forecast that Lockheed Martin Co. will post 27.14 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be issued a dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 annualized dividend and a dividend yield of 2.99%. Lockheed Martin’s dividend payout ratio is 59.30%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Barclays reduced their target price on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. Robert W. Baird upped their price target on Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. Royal Bank of Canada reduced their price objective on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating for the company in a research note on Wednesday, January 29th. Finally, TD Cowen boosted their target price on Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Lockheed Martin currently has a consensus rating of “Moderate Buy” and an average target price 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.