3,180 Shares in Lockheed Martin Co. (NYSE:LMT) Bought by Inman Jager Wealth Management LLC

Inman Jager Wealth Management LLC bought a new position in Lockheed Martin Co. (NYSE:LMT) in the fourth quarter, HoldingsChannel.com reports. The firm bought 3,180 shares of the aerospace company’s stock, valued at approximately $1,545,000. Lockheed Martin accounts for 1.2% of Inman Jager Wealth Management LLC’s investment portfolio, making the stock its 22nd biggest position.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Summit Wealth Partners LLC boosted its stake in shares of Lockheed Martin by 12.9% during the 4th quarter. Summit Wealth Partners LLC now owns 701 shares of the aerospace company’s stock worth $340,000 after buying an additional 80 shares during the last quarter. Private Management Group Inc. boosted its stake in shares of Lockheed Martin by 14.1% during the 4th quarter. Private Management Group Inc. now owns 461 shares of the aerospace company’s stock worth $224,000 after buying an additional 57 shares during the last quarter. Meritage Portfolio Management boosted its stake in shares of Lockheed Martin by 5.5% during the 4th quarter. Meritage Portfolio Management now owns 749 shares of the aerospace company’s stock worth $364,000 after buying an additional 39 shares during the last quarter. Choreo LLC boosted its stake in shares of Lockheed Martin by 6.9% during the 4th quarter. Choreo LLC now owns 15,444 shares of the aerospace company’s stock worth $7,486,000 after buying an additional 1,003 shares during the last quarter. Finally, Nvwm LLC boosted its stake in shares of Lockheed Martin by 2.5% during the 4th quarter. Nvwm LLC now owns 908 shares of the aerospace company’s stock worth $441,000 after buying an additional 22 shares during the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Stock Performance

NYSE LMT opened at $449.44 on Thursday. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. The firm has a market capitalization of $105.79 billion, a price-to-earnings ratio of 20.19, a P/E/G ratio of 2.96 and a beta of 0.48. The firm’s 50 day simple moving average is $489.62 and its 200 day simple moving average is $537.03. Lockheed Martin Co. has a 1 year low of $413.92 and a 1 year high of $618.95.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (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%. As a group, research analysts expect that Lockheed Martin Co. will post 27.29 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business 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. The ex-dividend date is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a yield of 2.94%. Lockheed Martin’s dividend payout ratio is currently 59.30%.

Analyst Ratings Changes

A number of research firms have recently commented on LMT. StockNews.com downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. dropped their target price on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Citigroup dropped their target price on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. Robert W. Baird upped their target price on shares of Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. Finally, Susquehanna dropped their target price on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating on the stock in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.