Lockheed Martin Co. (NYSE:LMT) Shares Sold by Opal Wealth Advisors LLC

Opal Wealth Advisors LLC lowered its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 8.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 429 shares of the aerospace company’s stock after selling 40 shares during the period. Opal Wealth Advisors LLC’s holdings in Lockheed Martin were worth $208,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in LMT. Annex Advisory Services LLC acquired a new stake in Lockheed Martin in the 3rd quarter worth about $236,000. Retirement Planning Group LLC lifted its stake in shares of Lockheed Martin by 122.4% in the 3rd quarter. Retirement Planning Group LLC now owns 1,281 shares of the aerospace company’s stock valued at $749,000 after purchasing an additional 705 shares in the last quarter. Douglas Lane & Associates LLC acquired a new position in shares of Lockheed Martin in the 3rd quarter valued at about $210,000. Webster Bank N. A. lifted its stake in shares of Lockheed Martin by 42.3% in the 3rd quarter. Webster Bank N. A. now owns 276 shares of the aerospace company’s stock valued at $161,000 after purchasing an additional 82 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Lockheed Martin by 12.5% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,972 shares of the aerospace company’s stock valued at $2,322,000 after purchasing an additional 440 shares in the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LMT has been the topic of several research analyst reports. Morgan Stanley reduced their price objective on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. JPMorgan Chase & Co. reduced their price objective on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. StockNews.com lowered Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft lowered Lockheed Martin from a “buy” rating to a “hold” rating and reduced their price objective for the company from $611.00 to $523.00 in a research note on Thursday, January 2nd. Finally, Royal Bank of Canada dropped their target price on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $555.60.

Lockheed Martin Price Performance

LMT stock opened at $447.91 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a 52-week low of $413.92 and a 52-week high of $618.95. The stock’s 50 day moving average is $484.84 and its two-hundred day moving average is $535.98. The company has a market capitalization of $105.43 billion, a PE ratio of 20.12, a P/E/G ratio of 2.12 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (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%. Analysts predict that Lockheed Martin Co. will post 27.14 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 annualized dividend and a dividend yield of 2.95%. Lockheed Martin’s payout ratio is 59.30%.

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.