Lockheed Martin Co. (NYSE:LMT) Shares Bought by Prosperitas Financial LLC

Prosperitas Financial LLC lifted its position in Lockheed Martin Co. (NYSE:LMT) by 9.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 5,497 shares of the aerospace company’s stock after buying an additional 482 shares during the quarter. Lockheed Martin makes up approximately 1.4% of Prosperitas Financial LLC’s investment portfolio, making the stock its 28th largest position. Prosperitas Financial LLC’s holdings in Lockheed Martin were worth $2,671,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Itau Unibanco Holding S.A. purchased a new stake in shares of Lockheed Martin during the 3rd quarter worth about $26,000. Heck Capital Advisors LLC acquired a new position in shares of Lockheed Martin during the 4th quarter valued at about $35,000. Capital Performance Advisors LLP acquired a new position in shares of Lockheed Martin during the 3rd quarter valued at about $40,000. Legacy Investment Solutions LLC acquired a new position in shares of Lockheed Martin during the 3rd quarter valued at about $42,000. Finally, Vestor Capital LLC acquired a new stake in Lockheed Martin in the 3rd quarter valued at approximately $46,000. Institutional investors own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on LMT shares. JPMorgan Chase & Co. lowered their target price on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft downgraded Lockheed Martin from a “buy” rating to a “hold” rating and cut their target price for the stock from $611.00 to $523.00 in a research report on Thursday, January 2nd. Wells Fargo & Company cut their price objective on Lockheed Martin from $497.00 to $468.00 and set an “equal weight” rating for the company in a research report on Wednesday. StockNews.com downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. Finally, Morgan Stanley lowered their target price on 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. 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’s stock. Based on data from MarketBeat, Lockheed Martin has a consensus rating of “Moderate Buy” and an average target price of $553.67.

Lockheed Martin Price Performance

Shares of NYSE LMT opened at $446.38 on Friday. The business’s 50 day moving average price is $466.57 and its two-hundred day moving average price is $526.08. The company has a market cap of $105.07 billion, a PE ratio of 20.05, a price-to-earnings-growth ratio of 2.07 and a beta of 0.48. 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 twelve month low of $419.70 and a twelve month high of $618.95.

Lockheed Martin (NYSE:LMT) last announced 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%. On average, analysts predict that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The company 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 $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s payout ratio is 59.30%.

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.