BSW Wealth Partners Raises Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

BSW Wealth Partners increased its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 89.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,588 shares of the aerospace company’s stock after purchasing an additional 750 shares during the quarter. BSW Wealth Partners’ holdings in Lockheed Martin were worth $772,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Patriot Financial Group Insurance Agency LLC grew its holdings in shares of Lockheed Martin by 5.8% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 1,363 shares of the aerospace company’s stock worth $662,000 after buying an additional 75 shares in the last quarter. Stonegate Investment Group LLC grew its stake in Lockheed Martin by 0.4% in the 4th quarter. Stonegate Investment Group LLC now owns 105,090 shares of the aerospace company’s stock worth $51,067,000 after acquiring an additional 387 shares during the period. Tamar Securities LLC raised its holdings in Lockheed Martin by 3.2% in the 4th quarter. Tamar Securities LLC now owns 37,634 shares of the aerospace company’s stock valued at $18,288,000 after acquiring an additional 1,151 shares during the last quarter. Perigon Wealth Management LLC lifted its stake in shares of Lockheed Martin by 30.1% during the 4th quarter. Perigon Wealth Management LLC now owns 20,707 shares of the aerospace company’s stock worth $10,081,000 after purchasing an additional 4,792 shares during the period. Finally, Jeppson Wealth Management LLC boosted its holdings in shares of Lockheed Martin by 0.5% during the fourth quarter. Jeppson Wealth Management LLC now owns 21,620 shares of the aerospace company’s stock worth $10,506,000 after purchasing an additional 103 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Trading Down 9.1 %

NYSE:LMT opened at $457.89 on Wednesday. The stock has a market cap of $108.54 billion, a price-to-earnings ratio of 16.58, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $618.95. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30. The business’s 50-day simple moving average is $498.68 and its 200 day simple moving average is $537.59.

Lockheed Martin (NYSE:LMT) last announced 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 9.36% and a return on equity of 101.44%. As a group, sell-side analysts predict that Lockheed Martin Co. will post 26.89 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently announced 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. This represents a $13.20 dividend on an annualized basis and a yield of 2.88%. Lockheed Martin’s payout ratio is currently 47.79%.

Analysts Set New Price Targets

Several research firms recently weighed in on LMT. Susquehanna reduced their target price on Lockheed Martin from $695.00 to $590.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Royal Bank of Canada cut their price objective on shares of Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. UBS Group boosted their target price on shares of Lockheed Martin from $589.00 to $603.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Wells Fargo & Company cut their price target on shares of Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 8th. Finally, Citigroup dropped their price objective on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $577.73.

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.