Sapient Capital LLC Boosts Stock Position in Lockheed Martin Co. (NYSE:LMT)

Sapient Capital LLC increased its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 4.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,174 shares of the aerospace company’s stock after purchasing an additional 189 shares during the quarter. Sapient Capital LLC’s holdings in Lockheed Martin were worth $2,028,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC purchased a new stake in Lockheed Martin in the 3rd quarter valued at about $54,000. CX Institutional grew its holdings in Lockheed Martin by 24.9% in the 3rd quarter. CX Institutional now owns 19,185 shares of the aerospace company’s stock valued at $11,215,000 after buying an additional 3,824 shares during the period. Creative Planning grew its holdings in Lockheed Martin by 3.1% in the 3rd quarter. Creative Planning now owns 106,301 shares of the aerospace company’s stock valued at $62,139,000 after buying an additional 3,236 shares during the period. Allen Mooney & Barnes Investment Advisors LLC purchased a new stake in Lockheed Martin in the 3rd quarter valued at about $332,000. Finally, Cornell Pochily Investment Advisors Inc. grew its holdings in Lockheed Martin by 5.5% in the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 2,965 shares of the aerospace company’s stock valued at $1,733,000 after buying an additional 155 shares during the period. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented 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 target on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. UBS Group reduced their price objective on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a research note 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 on the stock in a research note on Thursday, January 30th. Finally, Wells Fargo & Company reduced their price objective on Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Lockheed Martin currently has an average rating of “Moderate Buy” and an average target price of $555.60.

Lockheed Martin Stock Performance

Lockheed Martin stock opened at $449.69 on Wednesday. The stock’s 50 day moving average price is $483.39 and its 200 day moving average price is $535.46. The firm has a market capitalization of $105.85 billion, a PE ratio of 20.20, a price-to-earnings-growth ratio of 2.12 and a beta of 0.48. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $618.95.

Lockheed Martin (NYSE:LMT) last released its quarterly 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%. As a group, sell-side analysts expect that Lockheed Martin Co. will post 27.14 EPS for the current fiscal 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 given a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s payout ratio is 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.