Hamilton Point Investment Advisors LLC Boosts Holdings in Lockheed Martin Co. (NYSE:LMT)

Hamilton Point Investment Advisors LLC grew its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 2.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,050 shares of the aerospace company’s stock after purchasing an additional 23 shares during the period. Hamilton Point Investment Advisors LLC’s holdings in Lockheed Martin were worth $510,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in LMT. Itau Unibanco Holding S.A. purchased a new stake in shares of Lockheed Martin during the 3rd quarter worth $26,000. Mattson Financial Services LLC purchased a new stake in shares of Lockheed Martin during the 2nd quarter worth $27,000. Burkett Financial Services LLC purchased a new stake in shares of Lockheed Martin during the 3rd quarter worth $32,000. Capital Performance Advisors LLP acquired a new position in shares of Lockheed Martin during the 3rd quarter worth $40,000. Finally, Legacy Investment Solutions LLC acquired a new position in shares of Lockheed Martin during the 3rd quarter worth $42,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Stock Up 1.0 %

NYSE LMT opened at $459.12 on Friday. The stock has a market cap of $108.07 billion, a PE ratio of 20.63, a P/E/G ratio of 3.78 and a beta of 0.48. Lockheed Martin Co. has a fifty-two week low of $413.92 and a fifty-two week high of $618.95. The business has a 50 day moving average price of $493.89 and a two-hundred day moving average price of $536.43. The company has a quick ratio of 1.12, a current ratio of 1.13 and a debt-to-equity ratio of 3.10.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (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, sell-side analysts predict that Lockheed Martin Co. will post 27.09 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be given a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s payout ratio is 59.30%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on LMT. Wells Fargo & Company cut their price target on Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating for the company in a research note on Thursday. Morgan Stanley cut their target price on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a research note on Wednesday. Barclays cut their target price on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. UBS Group cut their target price on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, StockNews.com downgraded shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Lockheed Martin presently has a consensus rating of “Moderate Buy” and a consensus price target of $555.60.

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.