Weatherly Asset Management L. P. Boosts Position in Lockheed Martin Co. (NYSE:LMT)

Weatherly Asset Management L. P. boosted its stake in Lockheed Martin Co. (NYSE:LMT) by 0.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 15,269 shares of the aerospace company’s stock after acquiring an additional 81 shares during the quarter. Weatherly Asset Management L. P.’s holdings in Lockheed Martin were worth $7,420,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in LMT. Itau Unibanco Holding S.A. purchased a new position in shares of Lockheed Martin during the 3rd quarter worth $26,000. Heck Capital Advisors LLC acquired a new position in shares of Lockheed Martin during the fourth quarter worth about $35,000. Capital Performance Advisors LLP acquired a new position in shares of Lockheed Martin during the third quarter worth about $40,000. Legacy Investment Solutions LLC acquired a new position in Lockheed Martin in the third quarter valued at approximately $42,000. Finally, Vestor Capital LLC acquired a new position in Lockheed Martin in the third quarter valued at approximately $46,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

LMT has been the subject of a number of research reports. Morgan Stanley reduced their price objective on 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. Robert W. Baird increased their target price on Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. Wells Fargo & Company dropped their target price on Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating on the stock in a report on Thursday, January 30th. StockNews.com lowered Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. Finally, Deutsche Bank Aktiengesellschaft downgraded Lockheed Martin from a “buy” rating to a “hold” rating and cut their target price for the company from $611.00 to $523.00 in a research note on Thursday, January 2nd. 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 issued a strong buy rating to the company’s stock. 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 Stock Up 0.8 %

NYSE LMT opened at $447.91 on Tuesday. Lockheed Martin Co. has a 52 week low of $413.92 and a 52 week high of $618.95. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. The stock has a market capitalization of $105.43 billion, a P/E ratio of 20.12, a price-to-earnings-growth ratio of 2.12 and a beta of 0.48. The stock has a fifty day moving average of $484.84 and a 200-day moving average of $535.98.

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 return on equity of 101.47% and a net margin of 7.51%. On average, equities research analysts forecast that Lockheed Martin Co. will post 27.14 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be issued a dividend of $3.30 per share. The ex-dividend date is Monday, March 3rd. This represents a $13.20 annualized dividend and a yield of 2.95%. Lockheed Martin’s dividend payout ratio is presently 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.