256 Shares in Lockheed Martin Co. (NYSE:LMT) Bought by Collier Financial

Collier Financial purchased a new stake in shares of Lockheed Martin Co. (NYSE:LMT) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 256 shares of the aerospace company’s stock, valued at approximately $124,000.

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

Lockheed Martin Trading Up 0.8 %

Shares of Lockheed Martin stock opened at $447.91 on Tuesday. The company has a market cap of $105.43 billion, a price-to-earnings ratio of 20.12, a PEG ratio of 2.12 and a beta of 0.48. Lockheed Martin Co. has a 1 year low of $413.92 and a 1 year high of $618.95. The company’s fifty day simple moving average is $484.84 and its 200-day simple moving average is $535.98. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, beating 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, sell-side analysts expect that Lockheed Martin Co. will post 27.14 EPS for the current 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 paid a $3.30 dividend. This represents a $13.20 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s payout ratio is 59.30%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Wells Fargo & Company cut their price target 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. Royal Bank of Canada lowered their price target on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a report on Wednesday, January 29th. UBS Group lowered their price target on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. Citigroup lowered their price objective on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft lowered Lockheed Martin from a “buy” rating to a “hold” rating and decreased their price target for the stock from $611.00 to $523.00 in a research note on Thursday, January 2nd. One equities 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 given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $555.60.

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.