Mather Group LLC. Raises Stake in Lockheed Martin Co. (NYSE:LMT)

Mather Group LLC. boosted its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 13.4% during the 4th quarter, HoldingsChannel reports. The firm owned 1,296 shares of the aerospace company’s stock after purchasing an additional 153 shares during the period. Mather Group LLC.’s holdings in Lockheed Martin were worth $630,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of LMT. Algert Global LLC purchased a new position in Lockheed Martin during the 2nd quarter worth $277,000. Czech National Bank boosted its holdings in shares of Lockheed Martin by 6.2% in the third quarter. Czech National Bank now owns 43,214 shares of the aerospace company’s stock valued at $25,261,000 after acquiring an additional 2,520 shares in the last quarter. Miracle Mile Advisors LLC boosted its holdings in shares of Lockheed Martin by 2.5% in the third quarter. Miracle Mile Advisors LLC now owns 1,471 shares of the aerospace company’s stock valued at $860,000 after acquiring an additional 36 shares in the last quarter. Ignite Planners LLC boosted its holdings in shares of Lockheed Martin by 23.5% in the third quarter. Ignite Planners LLC now owns 857 shares of the aerospace company’s stock valued at $501,000 after acquiring an additional 163 shares in the last quarter. Finally, Atomi Financial Group Inc. boosted its holdings in shares of Lockheed Martin by 45.7% in the third quarter. Atomi Financial Group Inc. now owns 2,821 shares of the aerospace company’s stock valued at $1,649,000 after acquiring an additional 885 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Stock Performance

Shares of LMT opened at $449.44 on Thursday. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. The stock has a market cap of $105.79 billion, a P/E ratio of 20.19, a PEG ratio of 2.96 and a beta of 0.48. The company has a 50-day moving average of $489.62 and a two-hundred day moving average of $537.03. Lockheed Martin Co. has a 12-month low of $413.92 and a 12-month high of $618.95.

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, 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, research analysts predict that Lockheed Martin Co. will post 27.29 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders 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 2.94%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s dividend payout ratio is presently 59.30%.

Analysts Set New Price Targets

Several analysts have recently weighed in on LMT shares. Truist Financial started coverage on shares of Lockheed Martin in a report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 target price on the stock. Robert W. Baird lifted their target price on shares of Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. TD Cowen lifted their target price on shares of Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Morgan Stanley reduced their price objective on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. Finally, Citigroup reduced their price objective 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. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Lockheed Martin has an average rating of “Moderate Buy” and a consensus price target of $555.60.

Lockheed Martin Company 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.