Sierra Ocean LLC Makes New $63,000 Investment in Lockheed Martin Co. (NYSE:LMT)

Sierra Ocean LLC acquired a new stake in shares of Lockheed Martin Co. (NYSE:LMT) in the 4th quarter, Holdings Channel.com reports. The fund acquired 129 shares of the aerospace company’s stock, valued at approximately $63,000.

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

Lockheed Martin Stock Down 2.7 %

Shares of NYSE:LMT opened at $423.15 on Tuesday. The company 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 firm’s 50-day simple moving average is $477.08 and its 200-day simple moving average is $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 Co. has a fifty-two week low of $418.58 and a fifty-two week high of $618.95.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, beating the consensus estimate of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. As a group, equities research analysts predict that Lockheed Martin Co. will post 27.14 earnings per share for the current year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be issued a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s dividend payout ratio is currently 59.30%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Morgan Stanley lowered their target price on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. JPMorgan Chase & Co. decreased their target price 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. Deutsche Bank Aktiengesellschaft downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating and decreased their target price for the company from $611.00 to $523.00 in a research report on Thursday, January 2nd. UBS Group cut their price objective 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. Finally, Susquehanna cut their price objective 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Lockheed Martin has an average rating of “Moderate Buy” and an average price target of $555.60.

Lockheed Martin Company 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.