Edge Capital Group LLC Purchases 718 Shares of Lockheed Martin Co. (NYSE:LMT)

Edge Capital Group LLC lifted its stake in Lockheed Martin Co. (NYSE:LMT) by 5.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,841 shares of the aerospace company’s stock after purchasing an additional 718 shares during the quarter. Edge Capital Group LLC’s holdings in Lockheed Martin were worth $6,240,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Itau Unibanco Holding S.A. bought a new position in Lockheed Martin in the 3rd quarter valued at approximately $26,000. Heck Capital Advisors LLC bought a new position in Lockheed Martin in the 4th quarter valued at approximately $35,000. Capital Performance Advisors LLP bought a new position in Lockheed Martin in the 3rd quarter valued at approximately $40,000. Legacy Investment Solutions LLC bought a new position in Lockheed Martin in the 3rd quarter valued at approximately $42,000. Finally, Vestor Capital LLC bought a new position in Lockheed Martin in the 3rd quarter valued at approximately $46,000. 74.19% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on LMT shares. Morgan Stanley lowered their price objective on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. StockNews.com lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Barclays decreased 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 research note on Monday, January 6th. Citigroup decreased their target price on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Finally, JPMorgan Chase & Co. decreased their target price on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $555.60.

Lockheed Martin Trading Up 1.1 %

NYSE:LMT opened at $441.20 on Monday. 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 firm has a market capitalization of $103.85 billion, a price-to-earnings ratio of 19.82, a price-to-earnings-growth ratio of 2.07 and a beta of 0.48. Lockheed Martin Co. has a one year low of $419.70 and a one year high of $618.95. The business has a fifty day moving average price of $469.94 and a 200-day moving average price of $528.75.

Lockheed Martin (NYSE:LMT) last posted 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 return on equity of 101.47% and a net margin of 7.51%. Sell-side analysts forecast that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

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

About Lockheed Martin

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.