Lockheed Martin Co. (NYSE:LMT) Shares Acquired by Mezzasalma Advisors LLC

Mezzasalma Advisors LLC raised its stake in Lockheed Martin Co. (NYSE:LMT) by 34.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 986 shares of the aerospace company’s stock after buying an additional 251 shares during the period. Mezzasalma Advisors LLC’s holdings in Lockheed Martin were worth $479,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. MWA Asset Management lifted its stake in Lockheed Martin by 2.2% during the 4th quarter. MWA Asset Management now owns 2,124 shares of the aerospace company’s stock worth $1,032,000 after acquiring an additional 45 shares in the last quarter. Vest Financial LLC grew its stake in shares of Lockheed Martin by 9.7% during the fourth quarter. Vest Financial LLC now owns 2,146 shares of the aerospace company’s stock worth $1,043,000 after purchasing an additional 190 shares in the last quarter. Conning Inc. boosted its position in shares of Lockheed Martin by 9.4% during the 4th quarter. Conning Inc. now owns 72,351 shares of the aerospace company’s stock worth $35,158,000 after acquiring an additional 6,246 shares in the last quarter. Shepherd Financial Partners LLC lifted its position in shares of Lockheed Martin by 0.4% during the 4th quarter. Shepherd Financial Partners LLC now owns 9,482 shares of the aerospace company’s stock worth $4,608,000 after buying an additional 40 shares during the last quarter. Finally, BLB&B Advisors LLC boosted its stake in Lockheed Martin by 2.6% in the fourth quarter. BLB&B Advisors LLC now owns 25,679 shares of the aerospace company’s stock valued at $12,478,000 after acquiring an additional 649 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on LMT shares. TD Cowen raised their target price on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. UBS Group decreased their price target on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. Susquehanna dropped their target price 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. Wells Fargo & Company decreased their price objective on shares of Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 30th. Finally, StockNews.com cut Lockheed Martin from a “buy” rating to a “hold” rating in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, six have assigned 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 company presently has a consensus rating of “Moderate Buy” and a consensus price target of $555.60.

Lockheed Martin Stock Down 1.0 %

Shares of NYSE LMT opened at $444.05 on Friday. The stock’s 50-day simple moving average is $486.55 and its 200-day simple moving average is $535.81. The firm has a market cap of $104.52 billion, a price-to-earnings ratio of 19.95, a PEG ratio of 2.12 and a beta of 0.48. Lockheed Martin Co. has a 1 year low of $413.92 and a 1 year high of $618.95. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, topping 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%. As a group, equities analysts anticipate that Lockheed Martin Co. will post 27.14 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be given a $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 2.97%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s dividend payout ratio (DPR) is currently 59.30%.

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.