Sonora Investment Management Group LLC Acquires 440 Shares of Lockheed Martin Co. (NYSE:LMT)

Sonora Investment Management Group LLC boosted its stake in Lockheed Martin Co. (NYSE:LMT) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,902 shares of the aerospace company’s stock after acquiring an additional 440 shares during the period. Lockheed Martin accounts for approximately 1.4% of Sonora Investment Management Group LLC’s holdings, making the stock its 20th biggest holding. Sonora Investment Management Group LLC’s holdings in Lockheed Martin were worth $18,904,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in LMT. CVA Family Office LLC lifted its holdings in Lockheed Martin by 1.1% in the 3rd quarter. CVA Family Office LLC now owns 1,548 shares of the aerospace company’s stock worth $905,000 after purchasing an additional 17 shares during the last quarter. AllGen Financial Advisors Inc. boosted its stake in Lockheed Martin by 4.0% in the third quarter. AllGen Financial Advisors Inc. now owns 468 shares of the aerospace company’s stock valued at $274,000 after acquiring an additional 18 shares during the last quarter. Salomon & Ludwin LLC grew its stake in shares of Lockheed Martin by 20.5% during the third quarter. Salomon & Ludwin LLC now owns 106 shares of the aerospace company’s stock worth $62,000 after purchasing an additional 18 shares during the period. Sunburst Financial Group LLC grew its holdings in Lockheed Martin by 3.3% during the third quarter. Sunburst Financial Group LLC now owns 566 shares of the aerospace company’s stock valued at $331,000 after purchasing an additional 18 shares during the period. Finally, Quad Cities Investment Group LLC lifted its holdings in Lockheed Martin by 1.2% during the third quarter. Quad Cities Investment Group LLC now owns 1,572 shares of the aerospace company’s stock worth $919,000 after acquiring an additional 19 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Performance

Shares of NYSE LMT opened at $459.12 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. The firm’s 50-day moving average price is $495.56 and its 200-day moving average price is $536.97. Lockheed Martin Co. has a 52-week low of $413.92 and a 52-week high of $618.95. The company has a market cap of $108.07 billion, a PE ratio of 20.63, a PEG ratio of 3.78 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS 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%. As a group, analysts anticipate that Lockheed Martin Co. will post 27.09 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be issued 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 dividend yield of 2.88%. Lockheed Martin’s dividend payout ratio (DPR) is currently 59.30%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Citigroup cut their price target on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Robert W. Baird lifted their target price on Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. JPMorgan Chase & Co. lowered their price target on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a research report on Thursday. Barclays decreased their price objective on shares of 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. Finally, Truist Financial assumed coverage on Lockheed Martin in a research note on Tuesday, January 14th. They issued a “buy” rating and a $579.00 target price for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Lockheed Martin has a consensus rating of “Moderate Buy” and an average target price of $555.60.

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.