Key Financial Inc Has $861,000 Stake in Lockheed Martin Co. (NYSE:LMT)

Key Financial Inc decreased its stake in Lockheed Martin Co. (NYSE:LMT) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,771 shares of the aerospace company’s stock after selling 35 shares during the quarter. Key Financial Inc’s holdings in Lockheed Martin were worth $861,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of LMT. Stratos Wealth Advisors LLC raised its position in shares of Lockheed Martin by 16.9% during the third quarter. Stratos Wealth Advisors LLC now owns 1,148 shares of the aerospace company’s stock worth $672,000 after purchasing an additional 166 shares during the period. Resonant Capital Advisors LLC acquired a new stake in shares of Lockheed Martin during the third quarter worth about $247,000. Vest Financial LLC raised its position in shares of Lockheed Martin by 146.3% during the third quarter. Vest Financial LLC now owns 1,956 shares of the aerospace company’s stock worth $1,143,000 after purchasing an additional 1,162 shares during the period. Calton & Associates Inc. grew its holdings in shares of Lockheed Martin by 5,832.6% during the third quarter. Calton & Associates Inc. now owns 56,182 shares of the aerospace company’s stock worth $32,842,000 after buying an additional 55,235 shares in the last quarter. Finally, Brown Lisle Cummings Inc. grew its holdings in shares of Lockheed Martin by 36.3% during the third quarter. Brown Lisle Cummings Inc. now owns 3,247 shares of the aerospace company’s stock worth $1,898,000 after buying an additional 865 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

LMT has been the subject of a number of research reports. Barclays decreased their price objective on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. JPMorgan Chase & Co. decreased their price objective on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Morgan Stanley decreased their price objective on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. Citigroup decreased their price objective on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. Finally, Robert W. Baird raised their price target on Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. One research 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $555.60.

Lockheed Martin Stock Performance

LMT opened at $423.15 on Tuesday. Lockheed Martin Co. has a 12-month low of $418.58 and a 12-month high of $618.95. The stock has a market cap of $99.60 billion, a price-to-earnings ratio of 19.01, a PEG ratio of 2.12 and a beta of 0.48. The business has a 50 day moving average of $477.08 and a 200-day moving average of $532.77. 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 data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) 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%. On average, equities research analysts expect that Lockheed Martin Co. will post 27.14 earnings per share for the current year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be given a $3.30 dividend. 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 3.12%. Lockheed Martin’s payout ratio 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.