Oppenheimer Asset Management Inc. Acquires 188 Shares of Lockheed Martin Co. (NYSE:LMT)

Oppenheimer Asset Management Inc. grew its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 0.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 25,953 shares of the aerospace company’s stock after purchasing an additional 188 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Lockheed Martin were worth $12,612,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of LMT. Itau Unibanco Holding S.A. bought a new stake in Lockheed Martin during the third quarter worth $26,000. Capital Performance Advisors LLP purchased a new stake in shares of Lockheed Martin in the third quarter valued at about $40,000. Heck Capital Advisors LLC purchased a new position in Lockheed Martin during the fourth quarter worth about $35,000. Legacy Investment Solutions LLC bought a new stake in Lockheed Martin in the 3rd quarter worth about $42,000. Finally, Vestor Capital LLC bought a new position in shares of Lockheed Martin during the 3rd quarter worth approximately $46,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Trading Up 1.1 %

Shares of LMT stock opened at $446.38 on Friday. Lockheed Martin Co. has a 1 year low of $419.70 and a 1 year high of $618.95. The company’s fifty day simple moving average is $466.57 and its two-hundred day simple moving average is $526.08. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. The stock has a market capitalization of $105.07 billion, a price-to-earnings ratio of 20.05, a PEG ratio of 2.07 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last issued 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 return on equity of 101.47% and a net margin of 7.51%. As a group, analysts anticipate that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be paid 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 2.96%. Lockheed Martin’s dividend payout ratio is currently 59.30%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Barclays reduced their target price on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. Morgan Stanley decreased their target price on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. Wells Fargo & Company reduced their price target on shares of Lockheed Martin from $497.00 to $468.00 and set an “equal weight” rating for the company in a research report on Wednesday. Citigroup decreased their price objective on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft cut 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 note on Thursday, January 2nd. 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 issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $553.67.

Lockheed Martin 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.