Beacon Financial Group Cuts Position in Lockheed Martin Co. (NYSE:LMT)

Beacon Financial Group cut its position in Lockheed Martin Co. (NYSE:LMT) by 0.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,792 shares of the aerospace company’s stock after selling 33 shares during the quarter. Beacon Financial Group’s holdings in Lockheed Martin were worth $4,273,000 as of its most recent filing with the Securities and Exchange Commission.

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

Lockheed Martin Stock Up 0.3 %

LMT opened at $449.69 on Wednesday. Lockheed Martin Co. has a 52 week low of $413.92 and a 52 week high of $618.95. The business has a 50 day moving average price of $483.39 and a two-hundred day moving average price of $535.46. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. The company has a market cap of $105.85 billion, a PE ratio of 20.20, a P/E/G ratio of 2.12 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share 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, research analysts anticipate that Lockheed Martin Co. will post 27.14 EPS for the current year.

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be paid a dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.94%. Lockheed Martin’s dividend payout ratio (DPR) is 59.30%.

Analysts Set New Price Targets

LMT has been the topic of a number of analyst reports. TD Cowen raised their price objective on shares of Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Royal Bank of Canada decreased 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. Wells Fargo & Company dropped their price target on shares of 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. Deutsche Bank Aktiengesellschaft downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $611.00 to $523.00 in a research report on Thursday, January 2nd. Finally, UBS Group dropped their target price on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $555.60.

About Lockheed Martin

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.