Blackhawk Capital Partners LLC. Has $1.50 Million Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Blackhawk Capital Partners LLC. raised its holdings in Lockheed Martin Co. (NYSE:LMT) by 4.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 3,095 shares of the aerospace company’s stock after acquiring an additional 124 shares during the quarter. Blackhawk Capital Partners LLC.’s holdings in Lockheed Martin were worth $1,504,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Itau Unibanco Holding S.A. acquired a new stake in Lockheed Martin in the third quarter valued at $26,000. Heck Capital Advisors LLC bought a new stake in shares of Lockheed Martin in the 4th quarter valued at about $35,000. Capital Performance Advisors LLP acquired a new stake in shares of Lockheed Martin in the third quarter valued at about $40,000. Legacy Investment Solutions LLC bought a new position in shares of Lockheed Martin during the third quarter worth about $42,000. Finally, Vestor Capital LLC acquired a new position in shares of Lockheed Martin in the third quarter worth approximately $46,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Down 0.3 %

Shares of NYSE:LMT opened at $439.62 on Tuesday. The business’s 50 day moving average is $468.90 and its 200 day moving average is $527.96. Lockheed Martin Co. has a 12-month low of $419.70 and a 12-month high of $618.95. The stock has a market cap of $103.48 billion, a price-to-earnings ratio of 19.75, a PEG ratio of 2.07 and a beta of 0.48. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10.

Lockheed Martin (NYSE:LMT) last posted 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 net margin of 7.51% and a return on equity of 101.47%. On average, sell-side analysts forecast that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be paid a $3.30 dividend. The ex-dividend date is Monday, March 3rd. This represents a $13.20 annualized dividend and a yield of 3.00%. Lockheed Martin’s dividend payout ratio (DPR) is 59.30%.

Analyst Ratings Changes

LMT has been the subject of a number of recent analyst reports. UBS Group decreased their target price on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. StockNews.com cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. Truist Financial started coverage on shares of Lockheed Martin in a report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 target price on the stock. Susquehanna decreased their price target on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a report on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating and dropped their target price for the company from $611.00 to $523.00 in a research report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently 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.