Fort Sheridan Advisors LLC Has $2.84 Million Holdings in Lockheed Martin Co. (NYSE:LMT)

Fort Sheridan Advisors LLC grew its stake in Lockheed Martin Co. (NYSE:LMT) by 6.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 5,851 shares of the aerospace company’s stock after buying an additional 347 shares during the period. Fort Sheridan Advisors LLC’s holdings in Lockheed Martin were worth $2,843,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. abrdn plc lifted its position in shares of Lockheed Martin by 14.8% in the 3rd quarter. abrdn plc now owns 21,036 shares of the aerospace company’s stock worth $12,240,000 after acquiring an additional 2,707 shares during the period. Financial Advocates Investment Management lifted its position in Lockheed Martin by 6.7% in the third quarter. Financial Advocates Investment Management now owns 2,943 shares of the aerospace company’s stock worth $1,720,000 after purchasing an additional 186 shares during the period. Goldstone Financial Group LLC acquired a new stake in Lockheed Martin during the third quarter worth $1,017,000. Catalyst Financial Partners LLC raised its position in Lockheed Martin by 9.8% in the third quarter. Catalyst Financial Partners LLC now owns 917 shares of the aerospace company’s stock worth $536,000 after purchasing an additional 82 shares in the last quarter. Finally, United Asset Strategies Inc. grew its stake in shares of Lockheed Martin by 1.2% in the 3rd quarter. United Asset Strategies Inc. now owns 30,833 shares of the aerospace company’s stock valued at $18,023,000 after purchasing an additional 379 shares during the period. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Shares of LMT opened at $446.38 on Friday. The firm’s 50 day moving average price is $466.57 and its two-hundred day moving average price is $526.08. 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 Co. has a twelve month low of $419.70 and a twelve month high of $618.95. The firm has a market cap of $105.07 billion, a P/E ratio of 20.05, a PEG ratio of 2.07 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 (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%. On average, analysts forecast that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

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 given a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s dividend payout ratio is currently 59.30%.

Analyst Upgrades and Downgrades

LMT has been the subject of several analyst reports. Susquehanna cut 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. UBS Group cut their price objective on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. JPMorgan Chase & Co. lowered their target price on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Truist Financial began coverage on shares of Lockheed Martin in a research report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price target on the stock. Finally, Barclays dropped their price target on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. One 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 stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $553.67.

About Lockheed Martin

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.