Addison Advisors LLC Grows Stock Position in Lockheed Martin Co. (NYSE:LMT)

Addison Advisors LLC increased its position in Lockheed Martin Co. (NYSE:LMT) by 41.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 126 shares of the aerospace company’s stock after acquiring an additional 37 shares during the quarter. Addison Advisors LLC’s holdings in Lockheed Martin were worth $61,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. purchased a new stake in Lockheed Martin in the 3rd quarter worth approximately $26,000. Heck Capital Advisors LLC purchased a new stake in Lockheed Martin in the 4th quarter worth approximately $35,000. Capital Performance Advisors LLP purchased a new stake in Lockheed Martin in the 3rd quarter worth approximately $40,000. Legacy Investment Solutions LLC purchased a new stake in Lockheed Martin in the 3rd quarter worth approximately $42,000. Finally, Vestor Capital LLC purchased a new stake in Lockheed Martin in the 3rd quarter worth approximately $46,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on LMT. Royal Bank of Canada reduced their target price 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. Truist Financial began coverage on shares of Lockheed Martin in a report on Tuesday, January 14th. They set a “buy” rating and a $579.00 price objective for the company. StockNews.com lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Susquehanna cut their price objective on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a report on Wednesday, January 29th. Finally, Wells Fargo & Company cut 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Lockheed Martin currently has an average rating of “Moderate Buy” and a consensus target price of $555.60.

Lockheed Martin Stock Up 1.8 %

NYSE LMT opened at $448.34 on Wednesday. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. The company has a market capitalization of $105.53 billion, a P/E ratio of 20.14, a P/E/G ratio of 2.07 and a beta of 0.48. Lockheed Martin Co. has a one year low of $419.70 and a one year high of $618.95. The stock has a 50 day moving average price of $468.06 and a 200-day moving average price of $527.23.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, beating 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, equities analysts predict that Lockheed Martin Co. will post 27.15 EPS 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 given 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 2.94%. Lockheed Martin’s dividend payout ratio is presently 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.