Opus Capital Group LLC Cuts Stake in Lockheed Martin Co. (NYSE:LMT)

Opus Capital Group LLC reduced its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 18.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 546 shares of the aerospace company’s stock after selling 124 shares during the quarter. Opus Capital Group LLC’s holdings in Lockheed Martin were worth $265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in LMT. Creative Planning grew its holdings 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 buying an additional 3,236 shares in the last quarter. Stratos Wealth Partners LTD. grew its holdings in Lockheed Martin by 2.0% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 10,562 shares of the aerospace company’s stock valued at $6,175,000 after buying an additional 210 shares in the last quarter. Stratos Wealth Advisors LLC grew its holdings in Lockheed Martin by 16.9% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 1,148 shares of the aerospace company’s stock valued at $672,000 after buying an additional 166 shares in the last quarter. Moss Adams Wealth Advisors LLC purchased a new stake in Lockheed Martin during the 3rd quarter valued at approximately $280,000. Finally, First Citizens Bank & Trust Co. grew its holdings in Lockheed Martin by 5.8% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 4,109 shares of the aerospace company’s stock valued at $2,402,000 after buying an additional 227 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on LMT. Robert W. Baird increased their price objective on shares of Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. Susquehanna cut their target price on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a report on Wednesday, January 29th. Wells Fargo & Company cut their target price on shares of Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating for the company in a report on Thursday, January 30th. JPMorgan Chase & Co. cut their target price on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Finally, UBS Group cut their target price on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $555.60.

Lockheed Martin Stock Down 2.7 %

Shares of LMT opened at $423.15 on Monday. The company 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. The business has a fifty day moving average of $477.08 and a 200 day moving average of $532.83. Lockheed Martin Co. has a 52-week low of $418.58 and a 52-week high of $618.95. 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 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%. On average, sell-side analysts expect that Lockheed Martin Co. will post 27.14 EPS for the current year.

Lockheed Martin Dividend Announcement

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 given a dividend of $3.30 per share. The ex-dividend date is Monday, March 3rd. This represents a $13.20 annualized dividend and a dividend yield of 3.12%. Lockheed Martin’s dividend payout ratio (DPR) is 59.30%.

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.