Roxbury Financial LLC Invests $1.77 Million in Lockheed Martin Co. (NYSE:LMT)

Roxbury Financial LLC bought a new stake in Lockheed Martin Co. (NYSE:LMT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,348 shares of the aerospace company’s stock, valued at approximately $1,772,000. Lockheed Martin comprises approximately 1.7% of Roxbury Financial LLC’s investment portfolio, making the stock its 18th biggest position.

Several other institutional investors have also recently added to or reduced their stakes in the company. WealthPlan Investment Management LLC raised its stake in Lockheed Martin by 1.4% in the 4th quarter. WealthPlan Investment Management LLC now owns 15,687 shares of the aerospace company’s stock valued at $7,623,000 after purchasing an additional 213 shares during the last quarter. BXM Wealth LLC acquired a new position in Lockheed Martin in the 4th quarter valued at about $215,000. WASHINGTON TRUST Co raised its stake in Lockheed Martin by 0.5% in the 4th quarter. WASHINGTON TRUST Co now owns 31,103 shares of the aerospace company’s stock valued at $15,114,000 after purchasing an additional 156 shares during the last quarter. PUREfi Wealth LLC acquired a new position in Lockheed Martin in the 4th quarter valued at about $233,000. Finally, Quadrant Private Wealth Management LLC raised its stake in Lockheed Martin by 3.2% in the 4th quarter. Quadrant Private Wealth Management LLC now owns 3,272 shares of the aerospace company’s stock valued at $1,590,000 after purchasing an additional 101 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Down 2.7 %

NYSE LMT opened at $423.15 on Friday. The stock has a market cap of $99.60 billion, a PE ratio of 19.01, a P/E/G ratio of 2.12 and a beta of 0.48. Lockheed Martin Co. has a fifty-two week low of $418.58 and a fifty-two week high of $618.95. The business has a 50 day moving average price of $478.88 and a two-hundred day moving average price of $533.59. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10.

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

Lockheed Martin Announces Dividend

The firm also recently announced 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. This represents a $13.20 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s dividend payout ratio (DPR) is currently 59.30%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. StockNews.com downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating and dropped their price objective for the company from $611.00 to $523.00 in a research note on Thursday, January 2nd. Truist Financial assumed coverage on shares of Lockheed Martin in a research note on Tuesday, January 14th. They set a “buy” rating and a $579.00 price objective for the company. Citigroup dropped their price objective on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Finally, Wells Fargo & Company dropped their price objective on shares of Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating for the company in a research note on Thursday, January 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned 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 an average rating of “Moderate Buy” and an average target price 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.