PYA Waltman Capital LLC Acquires 96 Shares of Lockheed Martin Co. (NYSE:LMT)

PYA Waltman Capital LLC increased its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,284 shares of the aerospace company’s stock after buying an additional 96 shares during the period. PYA Waltman Capital LLC’s holdings in Lockheed Martin were worth $2,082,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Physicians Financial Services Inc. grew its holdings in Lockheed Martin by 2.7% during the fourth quarter. Physicians Financial Services Inc. now owns 7,559 shares of the aerospace company’s stock valued at $3,673,000 after purchasing an additional 200 shares during the period. Compass Capital Corp MA ADV purchased a new position in shares of Lockheed Martin during the 4th quarter valued at $375,000. WP Advisors LLC increased its holdings in Lockheed Martin by 1.9% in the 4th quarter. WP Advisors LLC now owns 1,798 shares of the aerospace company’s stock worth $874,000 after acquiring an additional 33 shares during the last quarter. Cordatus Wealth Management LLC increased its holdings in Lockheed Martin by 0.7% in the 4th quarter. Cordatus Wealth Management LLC now owns 4,466 shares of the aerospace company’s stock worth $2,170,000 after acquiring an additional 33 shares during the last quarter. Finally, Centricity Wealth Management LLC bought a new stake in Lockheed Martin in the 4th quarter valued at about $169,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Trading Up 0.8 %

Shares of Lockheed Martin stock opened at $436.47 on Friday. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. Lockheed Martin Co. has a 1 year low of $419.70 and a 1 year high of $618.95. The firm has a market cap of $102.74 billion, a PE ratio of 19.61, a PEG ratio of 2.05 and a beta of 0.48. The company has a 50 day simple moving average of $471.01 and a two-hundred day simple moving average of $529.69.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 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%. Analysts expect that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be issued a $3.30 dividend. This represents a $13.20 annualized dividend and a yield of 3.02%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s dividend payout ratio (DPR) is currently 59.30%.

Analyst Ratings Changes

LMT has been the subject of a number of research reports. 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 research report on Wednesday, January 29th. 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 for the company. Wells Fargo & Company lowered their target price on shares of Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating on the stock in a report on Thursday, January 30th. Susquehanna cut their price target on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. decreased their price objective on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. One equities 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 company’s stock. According to data from MarketBeat, Lockheed Martin has an average rating of “Moderate Buy” and an average target price of $555.60.

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.