Sargent Investment Group LLC Buys 27 Shares of Lockheed Martin Co. (NYSE:LMT)

Sargent Investment Group LLC grew its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 2.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,048 shares of the aerospace company’s stock after purchasing an additional 27 shares during the period. Sargent Investment Group LLC’s holdings in Lockheed Martin were worth $506,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Algert Global LLC bought a new position in shares of Lockheed Martin in the second quarter valued at approximately $277,000. Czech National Bank grew its holdings in shares of Lockheed Martin by 6.2% in the third quarter. Czech National Bank now owns 43,214 shares of the aerospace company’s stock valued at $25,261,000 after acquiring an additional 2,520 shares in the last quarter. WealthBridge Capital Management LLC bought a new position in shares of Lockheed Martin in the third quarter valued at approximately $258,000. Miracle Mile Advisors LLC grew its holdings in shares of Lockheed Martin by 2.5% in the third quarter. Miracle Mile Advisors LLC now owns 1,471 shares of the aerospace company’s stock valued at $860,000 after acquiring an additional 36 shares in the last quarter. Finally, Bath Savings Trust Co grew its holdings in shares of Lockheed Martin by 5.4% in the third quarter. Bath Savings Trust Co now owns 10,062 shares of the aerospace company’s stock valued at $5,882,000 after acquiring an additional 513 shares in the last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Price Performance

Lockheed Martin stock opened at $454.00 on Wednesday. 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 one year low of $413.92 and a one year high of $618.95. The firm has a market capitalization of $106.87 billion, a P/E ratio of 20.40, a PEG ratio of 2.96 and a beta of 0.48. The business has a fifty day moving average price of $490.97 and a 200-day moving average price of $537.18.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. As a group, equities research analysts forecast that Lockheed Martin Co. will post 27.29 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be given a $3.30 dividend. The ex-dividend date is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.91%. Lockheed Martin’s dividend payout ratio (DPR) is presently 59.30%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on LMT. TD Cowen upped their target price on Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Susquehanna reduced their price objective on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a report on Wednesday, January 29th. JPMorgan Chase & Co. reduced their price objective on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Wells Fargo & Company reduced their price objective on Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating for the company in a report on Thursday, January 30th. Finally, UBS Group reduced their price objective on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Lockheed Martin currently has an average rating of “Moderate Buy” and an average 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.