WP Advisors LLC Buys 33 Shares of Lockheed Martin Co. (NYSE:LMT)

WP Advisors LLC lifted its stake in Lockheed Martin Co. (NYSE:LMT) by 1.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,798 shares of the aerospace company’s stock after buying an additional 33 shares during the period. WP Advisors LLC’s holdings in Lockheed Martin were worth $874,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Itau Unibanco Holding S.A. bought a new position in Lockheed Martin during the third quarter worth about $26,000. Heck Capital Advisors LLC bought a new position in Lockheed Martin during the fourth quarter worth about $35,000. Capital Performance Advisors LLP bought a new position in Lockheed Martin during the third quarter worth about $40,000. Legacy Investment Solutions LLC bought a new position in Lockheed Martin during the third quarter worth about $42,000. Finally, Vestor Capital LLC bought a new position in Lockheed Martin during the third quarter worth about $46,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock opened at $436.47 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 firm 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 firm has a 50 day simple moving average of $471.01 and a 200 day simple moving average of $529.69. Lockheed Martin Co. has a fifty-two week low of $419.70 and a fifty-two week high of $618.95.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, beating analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. Sell-side analysts predict that Lockheed Martin Co. will post 27.15 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. 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 is currently 59.30%.

Analysts Set New Price Targets

LMT has been the subject of a number of analyst reports. Truist Financial initiated coverage on shares of Lockheed Martin in a research note on Tuesday, January 14th. They set a “buy” rating and a $579.00 price target for the company. Susquehanna cut their price target on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a research note on Wednesday, January 29th. Wells Fargo & Company dropped their price objective on shares of Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating for the company in a report on Thursday, January 30th. Royal Bank of Canada dropped their price objective on shares of Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating for the company in a report on Wednesday, January 29th. Finally, Morgan Stanley dropped their price objective on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $555.60.

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.