Lockheed Martin Co. (NYSE:LMT) Stock Holdings Lifted by WCM Investment Management LLC

WCM Investment Management LLC raised its position in shares of Lockheed Martin Co. (NYSE:LMT) by 36.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,883 shares of the aerospace company’s stock after purchasing an additional 1,298 shares during the period. WCM Investment Management LLC’s holdings in Lockheed Martin were worth $2,360,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Itau Unibanco Holding S.A. bought a new stake in Lockheed Martin in the third quarter worth approximately $26,000. Heck Capital Advisors LLC bought a new stake in Lockheed Martin in the fourth quarter worth $35,000. Capital Performance Advisors LLP acquired a new position in Lockheed Martin during the third quarter worth $40,000. Legacy Investment Solutions LLC bought a new position in Lockheed Martin during the third quarter valued at about $42,000. Finally, Vestor Capital LLC acquired a new stake in shares of Lockheed Martin in the third quarter worth about $46,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on LMT. Morgan Stanley reduced their price objective on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. Susquehanna decreased their price target on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a report on Wednesday, January 29th. Barclays dropped their price objective on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. TD Cowen increased their target price on Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, UBS Group dropped their price target on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $555.60.

Lockheed Martin Stock Performance

NYSE:LMT opened at $447.91 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. The firm has a 50-day moving average price of $484.84 and a 200 day moving average price of $535.98. The firm has a market capitalization of $105.43 billion, a PE ratio of 20.12, a price-to-earnings-growth ratio of 2.12 and a beta of 0.48. Lockheed Martin Co. has a 12-month low of $413.92 and a 12-month 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, 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%. Research analysts anticipate that Lockheed Martin Co. will post 27.14 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently declared 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. This represents a $13.20 annualized dividend and a yield of 2.95%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s dividend payout ratio is currently 59.30%.

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.