Lockheed Martin Co. (NYSE:LMT) Shares Purchased by OMC Financial Services LTD

OMC Financial Services LTD lifted its stake in Lockheed Martin Co. (NYSE:LMT) by 6.4% in the fourth quarter, HoldingsChannel reports. The fund owned 6,445 shares of the aerospace company’s stock after purchasing an additional 385 shares during the quarter. Lockheed Martin makes up 1.3% of OMC Financial Services LTD’s holdings, making the stock its 18th largest holding. OMC Financial Services LTD’s holdings in Lockheed Martin were worth $3,132,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Barclays reduced their price objective on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. Truist Financial started coverage on shares of Lockheed Martin in a research report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price target on the stock. StockNews.com lowered Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. TD Cowen boosted their target price on Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Citigroup reduced their target price on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Lockheed Martin currently has an average rating of “Moderate Buy” and a consensus price target of $555.60.

Lockheed Martin Stock Performance

LMT stock opened at $444.05 on Monday. The firm has a 50 day simple moving average of $484.84 and a 200 day simple moving average of $535.84. Lockheed Martin Co. has a 52 week low of $413.92 and a 52 week high of $618.95. The stock has a market cap of $104.52 billion, a P/E ratio of 19.95, a P/E/G 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 (NYSE:LMT) last issued its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, beating 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%. 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 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 annualized dividend and a yield of 2.97%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s payout ratio is currently 59.30%.

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.