Lockheed Martin Co. (NYSE:LMT) Shares Acquired by Augustine Asset Management Inc.

Augustine Asset Management Inc. increased its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 88.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 5,760 shares of the aerospace company’s stock after purchasing an additional 2,700 shares during the period. Lockheed Martin makes up approximately 0.7% of Augustine Asset Management Inc.’s holdings, making the stock its 27th biggest holding. Augustine Asset Management Inc.’s holdings in Lockheed Martin were worth $2,799,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LMT. ORG Wealth Partners LLC purchased a new stake in Lockheed Martin during the 3rd quarter worth approximately $54,000. CX Institutional increased its stake in shares of Lockheed Martin by 24.9% in the third quarter. CX Institutional now owns 19,185 shares of the aerospace company’s stock worth $11,215,000 after buying an additional 3,824 shares during the last quarter. Creative Planning raised its holdings in Lockheed Martin by 3.1% in the third quarter. Creative Planning now owns 106,301 shares of the aerospace company’s stock valued at $62,139,000 after acquiring an additional 3,236 shares in the last quarter. Allen Mooney & Barnes Investment Advisors LLC bought a new position in Lockheed Martin during the 3rd quarter valued at $332,000. Finally, Cornell Pochily Investment Advisors Inc. increased its position in shares of Lockheed Martin by 5.5% in the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 2,965 shares of the aerospace company’s stock worth $1,733,000 after purchasing an additional 155 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Up 0.3 %

Shares of Lockheed Martin stock opened at $449.69 on Wednesday. Lockheed Martin Co. has a 1-year low of $413.92 and a 1-year high of $618.95. The company has a market capitalization of $105.85 billion, a P/E ratio of 20.20, a PEG ratio of 2.12 and a beta of 0.48. The business’s fifty day moving average price is $483.39 and its two-hundred day moving average price is $535.46. 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 (NYSE:LMT) last posted its quarterly earnings data 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, research analysts forecast that Lockheed Martin Co. will post 27.14 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. Investors of record on Monday, March 3rd will be issued a dividend of $3.30 per share. The ex-dividend date is Monday, March 3rd. This represents a $13.20 annualized dividend and a yield of 2.94%. Lockheed Martin’s payout ratio is 59.30%.

Wall Street Analyst Weigh In

LMT has been the subject of several research analyst reports. Morgan Stanley lowered their price objective on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. Wells Fargo & Company lowered their price target on Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating for the company in a report on Thursday, January 30th. Susquehanna reduced their price objective on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating on the stock in a research note on Wednesday, January 29th. Barclays dropped their target price on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. Finally, Robert W. Baird boosted their price objective on shares of Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus 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.