Consolidated Planning Corp Raises Position in Lockheed Martin Co. (NYSE:LMT)

Consolidated Planning Corp grew its position in shares of Lockheed Martin Co. (NYSE:LMT) by 5.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 613 shares of the aerospace company’s stock after purchasing an additional 31 shares during the period. Consolidated Planning Corp’s holdings in Lockheed Martin were worth $298,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LMT. Creative Planning lifted its stake in Lockheed Martin by 3.1% during the 3rd quarter. Creative Planning now owns 106,301 shares of the aerospace company’s stock valued at $62,139,000 after acquiring an additional 3,236 shares during the period. Transform Wealth LLC bought a new position in Lockheed Martin during the third quarter valued at approximately $327,000. Carderock Capital Management Inc. boosted its holdings in Lockheed Martin by 141.0% in the third quarter. Carderock Capital Management Inc. now owns 10,094 shares of the aerospace company’s stock worth $5,901,000 after purchasing an additional 5,905 shares during the last quarter. Rheos Capital Works Inc. grew its position in Lockheed Martin by 12.1% in the 3rd quarter. Rheos Capital Works Inc. now owns 49,100 shares of the aerospace company’s stock worth $28,702,000 after purchasing an additional 5,300 shares during the period. Finally, Tamar Securities LLC raised its stake in Lockheed Martin by 2.9% during the 3rd quarter. Tamar Securities LLC now owns 36,483 shares of the aerospace company’s stock valued at $21,327,000 after buying an additional 1,032 shares during the last quarter. 74.19% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

LMT has been the topic of a number of research reports. Royal Bank of Canada dropped their price target on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 29th. StockNews.com cut Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. reduced their price target on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Truist Financial assumed coverage on shares of Lockheed Martin in a report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price objective on the stock. Finally, TD Cowen boosted their target price on shares of Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $555.60.

Lockheed Martin Trading Down 1.7 %

Shares of Lockheed Martin stock opened at $434.36 on Friday. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. The company has a fifty day moving average of $480.54 and a 200 day moving average of $534.28. The company has a market capitalization of $102.24 billion, a P/E ratio of 19.51, a P/E/G ratio of 2.12 and a beta of 0.48. Lockheed Martin Co. has a fifty-two week low of $413.92 and a fifty-two week high of $618.95.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) 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%. On average, sell-side analysts anticipate that Lockheed Martin Co. will post 27.14 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be issued a $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s dividend payout ratio (DPR) is presently 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.