Lockheed Martin Co. (NYSE:LMT) Shares Purchased by Montz Harcus Wealth Management LLC

Montz Harcus Wealth Management LLC lifted its position in Lockheed Martin Co. (NYSE:LMT) by 8.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 735 shares of the aerospace company’s stock after acquiring an additional 57 shares during the period. Montz Harcus Wealth Management LLC’s holdings in Lockheed Martin were worth $357,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in LMT. Itau Unibanco Holding S.A. bought a new position in Lockheed Martin in the third quarter worth about $26,000. Heck Capital Advisors LLC bought a new stake in shares of Lockheed Martin in the 4th quarter worth approximately $35,000. Capital Performance Advisors LLP acquired a new position in Lockheed Martin during the 3rd quarter valued at approximately $40,000. Legacy Investment Solutions LLC bought a new position in Lockheed Martin during the 3rd quarter worth $42,000. Finally, Vestor Capital LLC acquired a new stake in Lockheed Martin in the third quarter worth $46,000. 74.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on LMT. Barclays lowered their price target on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. JPMorgan Chase & Co. dropped 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 note on Thursday, January 30th. UBS Group reduced their price objective on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. Truist Financial started coverage on Lockheed Martin in a research report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 target price on the stock. Finally, Robert W. Baird boosted their price target on Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Lockheed Martin currently has an average rating of “Moderate Buy” and a consensus target price of $555.60.

Lockheed Martin Price Performance

Shares of NYSE LMT opened at $449.69 on Wednesday. The firm has a 50-day moving average of $483.39 and a two-hundred day moving average of $535.46. The company has a market capitalization of $105.85 billion, a price-to-earnings ratio of 20.20, a PEG 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 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, analysts expect that Lockheed Martin Co. will post 27.14 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be issued a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s payout ratio is 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.