Capital Investment Advisory Services LLC Has $2.83 Million Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Capital Investment Advisory Services LLC raised its holdings in Lockheed Martin Co. (NYSE:LMT) by 15.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,830 shares of the aerospace company’s stock after buying an additional 771 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in Lockheed Martin were worth $2,833,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in LMT. Itau Unibanco Holding S.A. acquired a new position in Lockheed Martin in the 3rd quarter valued at approximately $26,000. Burkett Financial Services LLC acquired a new stake in Lockheed Martin during the third quarter valued at approximately $32,000. Mattson Financial Services LLC bought a new stake in shares of Lockheed Martin in the 2nd quarter valued at approximately $27,000. Capital Performance Advisors LLP bought a new position in shares of Lockheed Martin during the 3rd quarter worth approximately $40,000. Finally, Legacy Investment Solutions LLC acquired a new stake in Lockheed Martin in the 3rd quarter valued at $42,000. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Stock Down 0.7 %

Lockheed Martin stock opened at $454.18 on Thursday. The firm has a market capitalization of $107.66 billion, a price-to-earnings ratio of 16.44, a PEG ratio of 4.05 and a beta of 0.48. The company’s 50 day simple moving average is $497.18 and its 200 day simple moving average is $537.55. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. Lockheed Martin Co. has a fifty-two week low of $413.92 and a fifty-two week high of $618.95.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.58 by $1.09. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. As a group, sell-side analysts anticipate that Lockheed Martin Co. will post 26.89 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be given a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s dividend payout ratio is currently 47.79%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Susquehanna cut their price objective on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a report on Wednesday. Deutsche Bank Aktiengesellschaft downgraded Lockheed Martin from a “buy” rating to a “hold” rating and reduced their target price for the stock from $611.00 to $523.00 in a report on Thursday, January 2nd. Barclays cut their price objective on 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. Truist Financial initiated coverage on Lockheed Martin in a report on Tuesday, January 14th. They set a “buy” rating and a $579.00 target price on the stock. Finally, Royal Bank of Canada reduced their price target on shares of Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a research report on Wednesday. One analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Lockheed Martin currently has an average rating of “Moderate Buy” and a consensus target price of $556.13.

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.