Lockheed Martin Co. (NYSE:LMT) Shares Acquired by First Fiduciary Investment Counsel Inc.

First Fiduciary Investment Counsel Inc. boosted its stake in Lockheed Martin Co. (NYSE:LMT) by 0.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 26,734 shares of the aerospace company’s stock after acquiring an additional 176 shares during the period. Lockheed Martin makes up approximately 2.6% of First Fiduciary Investment Counsel Inc.’s portfolio, making the stock its 12th largest position. First Fiduciary Investment Counsel Inc.’s holdings in Lockheed Martin were worth $12,991,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Focus Financial Network Inc. lifted its stake in Lockheed Martin by 10.4% in the 4th quarter. Focus Financial Network Inc. now owns 2,685 shares of the aerospace company’s stock valued at $1,305,000 after buying an additional 254 shares in the last quarter. Sapient Capital LLC lifted its stake in shares of Lockheed Martin by 4.7% during the 4th quarter. Sapient Capital LLC now owns 4,174 shares of the aerospace company’s stock worth $2,028,000 after purchasing an additional 189 shares during the period. Principle Wealth Partners LLC lifted its stake in shares of Lockheed Martin by 1.9% during the 4th quarter. Principle Wealth Partners LLC now owns 7,318 shares of the aerospace company’s stock worth $3,556,000 after purchasing an additional 138 shares during the period. Soltis Investment Advisors LLC lifted its stake in shares of Lockheed Martin by 42.5% during the 4th quarter. Soltis Investment Advisors LLC now owns 13,935 shares of the aerospace company’s stock worth $6,772,000 after purchasing an additional 4,159 shares during the period. Finally, Elevate Capital Advisors LLC purchased a new position in shares of Lockheed Martin during the 4th quarter worth $796,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

LMT opened at $447.91 on Tuesday. The business’s 50 day moving average is $484.84 and its 200-day moving average is $535.98. The stock has a market cap of $105.43 billion, a PE ratio of 20.12, a price-to-earnings-growth ratio of 2.12 and a beta of 0.48. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve month high of $618.95.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data 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 net margin of 7.51% and a return on equity of 101.47%. On average, analysts predict that Lockheed Martin Co. will post 27.14 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Monday, March 3rd. This represents a $13.20 annualized dividend and a yield of 2.95%. Lockheed Martin’s dividend payout ratio (DPR) is 59.30%.

Analyst Ratings Changes

LMT has been the topic of several research reports. Barclays cut their target price on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. Wells Fargo & Company lowered their price target on Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating for the company in a report on Thursday, January 30th. Morgan Stanley lowered their target price on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. JPMorgan Chase & Co. reduced their price target on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Finally, TD Cowen increased their price target 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Lockheed Martin presently has a consensus rating of “Moderate Buy” and an average 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.