By otakuyassine3@gmail.com 
Kingsview Wealth Management LLC lifted its position in Lockheed Martin Co. (NYSE:LMT – Free Report) by 2.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,740 shares of the aerospace company’s stock after buying an additional 439 shares during the period. Kingsview Wealth Management LLC’s holdings in Lockheed Martin were worth $9,107,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Chronos Wealth Management LLC lifted its holdings in shares of Lockheed Martin by 1.0% during the 4th quarter. Chronos Wealth Management LLC now owns 11,744 shares of the aerospace company’s stock valued at $5,707,000 after purchasing an additional 113 shares during the last quarter. Apollon Wealth Management LLC increased its position in Lockheed Martin by 17.3% during the 4th quarter. Apollon Wealth Management LLC now owns 11,996 shares of the aerospace company’s stock valued at $5,829,000 after buying an additional 1,773 shares in the last quarter. Apollon Financial LLC purchased a new stake in Lockheed Martin in the fourth quarter valued at about $225,000. Opinicus Capital Inc. boosted its holdings in Lockheed Martin by 3.6% in the fourth quarter. Opinicus Capital Inc. now owns 873 shares of the aerospace company’s stock worth $424,000 after acquiring an additional 30 shares in the last quarter. Finally, Cantor Fitzgerald Investment Advisors L.P. grew its stake in shares of Lockheed Martin by 2.8% during the fourth quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 14,443 shares of the aerospace company’s stock worth $7,018,000 after acquiring an additional 399 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts recently commented on the stock. Barclays lowered their target price on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. UBS Group lowered their price objective on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. TD Cowen upped their target price on Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Truist Financial assumed coverage on Lockheed Martin in a research note on Tuesday, January 14th. They issued a “buy” rating and a $579.00 target price for the company. Finally, StockNews.com downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. 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 assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $555.60.
View Our Latest Research Report on LMT
Lockheed Martin Price Performance
Shares of NYSE LMT opened at $444.05 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. The stock has a market capitalization of $104.52 billion, a price-to-earnings ratio of 19.95, a PEG ratio of 2.12 and a beta of 0.48. The firm’s 50 day simple moving average is $486.55 and its 200-day simple moving average is $535.81. Lockheed Martin Co. has a 12 month low of $413.92 and a 12 month high of $618.95.
Lockheed Martin (NYSE:LMT – Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS 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%. Analysts expect that Lockheed Martin Co. will post 27.14 EPS for the current year.
Lockheed Martin Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be given a dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a yield of 2.97%. Lockheed Martin’s dividend payout ratio is currently 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.
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