Bradley Foster & Sargent Inc. CT cut its stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 25.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 18,996 shares of the aerospace company's stock after selling 6,401 shares during the period. Bradley Foster & Sargent Inc. CT's holdings in Lockheed Martin were worth $9,231,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. PYA Waltman Capital LLC increased its position in Lockheed Martin by 2.3% during the fourth quarter. PYA Waltman Capital LLC now owns 4,284 shares of the aerospace company's stock valued at $2,082,000 after acquiring an additional 96 shares during the last quarter. Physicians Financial Services Inc. grew its stake in shares of Lockheed Martin by 2.7% during the 4th 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 stake in shares of Lockheed Martin during the 4th quarter valued at about $375,000. WP Advisors LLC lifted its stake in shares of 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 purchasing an additional 33 shares during the period. Finally, Cordatus Wealth Management LLC boosted its holdings in shares of Lockheed Martin by 0.7% in the fourth quarter. Cordatus Wealth Management LLC now owns 4,466 shares of the aerospace company's stock worth $2,170,000 after buying an additional 33 shares during the last quarter. 74.19% of the stock is owned by institutional investors.
A number of analysts have commented on the stock. StockNews.com cut shares of Lockheed Martin from a "buy" rating to a "hold" rating in a report on Friday, January 31st. Truist Financial started coverage on Lockheed Martin in a report on Tuesday, January 14th. They issued a "buy" rating and a $579.00 target price on the stock. Citigroup cut their price target on Lockheed Martin from $700.00 to $600.00 and set a "buy" rating for the company in a report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft downgraded Lockheed Martin from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $611.00 to $523.00 in a research note on Thursday, January 2nd. Finally, Wells Fargo & Company cut their price objective on Lockheed Martin from $500.00 to $497.00 and set an "equal weight" rating for the company in a research note on Thursday, January 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $555.60.
Read Our Latest Report on Lockheed Martin
Shares of NYSE LMT opened at $436.47 on Friday. The firm's fifty day moving average is $471.01 and its two-hundred day moving average is $529.69. Lockheed Martin Co. has a 52-week low of $419.70 and a 52-week high of $618.95. The company has a market cap of $102.74 billion, a P/E ratio of 19.61, a P/E/G ratio of 2.05 and a beta of 0.48. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13.
Lockheed Martin (NYSE:LMT - Get Free Report) last posted its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS 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%. As a group, analysts anticipate that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.
The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin's dividend payout ratio (DPR) is presently 59.30%.
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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