Avidian Wealth Enterprises LLC Acquires 41 Shares of Lockheed Martin Co. (NYSE:LMT)

Avidian Wealth Enterprises LLC increased its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 1.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,192 shares of the aerospace company’s stock after acquiring an additional 41 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Lockheed Martin were worth $1,065,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of LMT. Itau Unibanco Holding S.A. bought a new stake in shares of Lockheed Martin during the 3rd quarter worth approximately $26,000. Heck Capital Advisors LLC bought a new stake in shares of Lockheed Martin during the 4th quarter worth approximately $35,000. Capital Performance Advisors LLP bought a new stake in shares of Lockheed Martin during the 3rd quarter worth approximately $40,000. Legacy Investment Solutions LLC bought a new stake in shares of Lockheed Martin during the 3rd quarter worth approximately $42,000. Finally, Vestor Capital LLC bought a new stake in Lockheed Martin during the 3rd quarter valued at $46,000. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Stock Down 1.7 %

Shares of LMT stock opened at $441.67 on Thursday. Lockheed Martin Co. has a 1-year low of $413.92 and a 1-year high of $618.95. The stock’s fifty day moving average price is $482.05 and its 200 day moving average price is $534.93. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. The company has a market cap of $103.96 billion, a price-to-earnings ratio of 19.84, a price-to-earnings-growth ratio of 2.12 and a beta of 0.48.

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

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be paid a dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 annualized dividend and a yield of 2.99%. Lockheed Martin’s dividend payout ratio (DPR) is 59.30%.

Wall Street Analyst Weigh In

LMT has been the subject of a number of research analyst reports. Susquehanna decreased their target price on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a research report on Wednesday, January 29th. Royal Bank of Canada decreased their target price on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating for the company in a research report on Wednesday, January 29th. Truist Financial initiated coverage on Lockheed Martin in a research report on Tuesday, January 14th. They set a “buy” rating and a $579.00 target price for the company. StockNews.com lowered Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. Finally, Morgan Stanley decreased their target price on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Lockheed Martin currently has a consensus rating of “Moderate Buy” and a consensus 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.