Advisor OS LLC Raises Stock Position in Lockheed Martin Co. (NYSE:LMT)

Advisor OS LLC raised its position in shares of Lockheed Martin Co. (NYSE:LMT) by 15.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,913 shares of the aerospace company’s stock after acquiring an additional 396 shares during the quarter. Advisor OS LLC’s holdings in Lockheed Martin were worth $1,416,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC boosted its holdings in shares of Lockheed Martin by 20.5% during the 3rd quarter. Salomon & Ludwin LLC now owns 106 shares of the aerospace company’s stock worth $62,000 after purchasing an additional 18 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Lockheed Martin by 67.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 89,817 shares of the aerospace company’s stock worth $52,503,000 after buying an additional 36,157 shares during the last quarter. Autumn Glory Partners LLC raised its position in shares of Lockheed Martin by 172.3% during the 3rd quarter. Autumn Glory Partners LLC now owns 2,777 shares of the aerospace company’s stock valued at $1,623,000 after buying an additional 1,757 shares during the period. Orrstown Financial Services Inc. lifted its holdings in Lockheed Martin by 69.6% in the third quarter. Orrstown Financial Services Inc. now owns 1,028 shares of the aerospace company’s stock valued at $601,000 after acquiring an additional 422 shares during the last quarter. Finally, Strategic Wealth Investment Group LLC grew its position in Lockheed Martin by 13.5% in the third quarter. Strategic Wealth Investment Group LLC now owns 17,849 shares of the aerospace company’s stock worth $10,814,000 after acquiring an additional 2,118 shares during the period. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Price Performance

LMT stock opened at $448.34 on Wednesday. The business’s 50-day moving average is $468.06 and its two-hundred day moving average is $527.23. 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 $105.53 billion, a P/E ratio of 20.14, a P/E/G ratio of 2.07 and a beta of 0.48. Lockheed Martin Co. has a 1 year low of $419.70 and a 1 year high of $618.95.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, beating 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%. Analysts anticipate that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be given a dividend of $3.30 per share. The ex-dividend date is Monday, March 3rd. This represents a $13.20 annualized dividend and a dividend yield of 2.94%. Lockheed Martin’s dividend payout ratio is presently 59.30%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada lowered their price target on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating for the company in a report on Wednesday, January 29th. Citigroup lowered their price objective on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. Wells Fargo & Company cut their target price on Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 30th. StockNews.com cut Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Finally, Deutsche Bank Aktiengesellschaft cut Lockheed Martin from a “buy” rating to a “hold” rating and dropped their price objective for the company from $611.00 to $523.00 in a research note on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Lockheed Martin presently has an average rating of “Moderate Buy” and a consensus target price of $555.60.

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.