Swmg LLC Reduces Holdings in Lockheed Martin Co. (NYSE:LMT)

Swmg LLC lowered its position in Lockheed Martin Co. (NYSE:LMT) by 24.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,242 shares of the aerospace company’s stock after selling 1,400 shares during the quarter. Lockheed Martin comprises 0.8% of Swmg LLC’s investment portfolio, making the stock its 23rd largest holding. Swmg LLC’s holdings in Lockheed Martin were worth $2,118,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Caprock Group LLC raised its position in shares of Lockheed Martin by 3.3% in the fourth quarter. Caprock Group LLC now owns 7,487 shares of the aerospace company’s stock valued at $3,639,000 after purchasing an additional 238 shares during the period. Hamilton Point Investment Advisors LLC raised its holdings in Lockheed Martin by 2.2% during the 4th quarter. Hamilton Point Investment Advisors LLC now owns 1,050 shares of the aerospace company’s stock valued at $510,000 after acquiring an additional 23 shares during the period. Sonora Investment Management Group LLC lifted its position in shares of Lockheed Martin by 1.1% during the fourth quarter. Sonora Investment Management Group LLC now owns 38,902 shares of the aerospace company’s stock worth $18,904,000 after acquiring an additional 440 shares in the last quarter. Boomfish Wealth Group LLC boosted its holdings in shares of Lockheed Martin by 4.7% in the fourth quarter. Boomfish Wealth Group LLC now owns 4,948 shares of the aerospace company’s stock worth $2,404,000 after acquiring an additional 224 shares during the period. Finally, Fortune Financial Advisors LLC grew its position in shares of Lockheed Martin by 3.3% in the fourth quarter. Fortune Financial Advisors LLC now owns 3,146 shares of the aerospace company’s stock valued at $1,529,000 after purchasing an additional 101 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LMT has been the subject of several analyst reports. Wells Fargo & Company cut their target price on Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating for the company in a research note on Thursday. Royal Bank of Canada reduced their price objective on shares of Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating for the company in a research note on Wednesday. Morgan Stanley decreased their target price on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a report on Wednesday. StockNews.com lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Friday. Finally, TD Cowen increased their price objective on Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. One 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 stock. According to data from MarketBeat.com, Lockheed Martin has an average rating of “Moderate Buy” and an average target price of $555.60.

Lockheed Martin Trading Up 0.6 %

LMT stock opened at $462.53 on Friday. The company has a market capitalization of $108.88 billion, a PE ratio of 20.78, a price-to-earnings-growth ratio of 3.78 and a beta of 0.48. The company has a debt-to-equity ratio of 3.10, a quick ratio of 1.12 and a current ratio of 1.13. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $618.95. The company’s 50 day moving average price is $493.89 and its two-hundred day moving average price is $536.43.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, topping 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, analysts predict that Lockheed Martin Co. will post 27.09 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. Shareholders of record on Monday, March 3rd will be paid a $3.30 dividend. The ex-dividend date is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a yield of 2.85%. Lockheed Martin’s dividend payout ratio (DPR) is currently 59.30%.

Lockheed Martin 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.