3,348 Shares in Lockheed Martin Co. (NYSE:LMT) Bought by Roxbury Financial LLC

Roxbury Financial LLC purchased a new position in shares of Lockheed Martin Co. (NYSE:LMT) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,348 shares of the aerospace company’s stock, valued at approximately $1,772,000. Lockheed Martin makes up about 1.7% of Roxbury Financial LLC’s holdings, making the stock its 18th largest holding.

A number of other hedge funds have also recently added to or reduced their stakes in the company. WealthPlan Investment Management LLC raised its position in Lockheed Martin by 1.4% during the fourth quarter. WealthPlan Investment Management LLC now owns 15,687 shares of the aerospace company’s stock worth $7,623,000 after acquiring an additional 213 shares during the period. BXM Wealth LLC acquired a new stake in shares of Lockheed Martin in the fourth quarter valued at about $215,000. WASHINGTON TRUST Co raised its position in shares of Lockheed Martin by 0.5% in the fourth quarter. WASHINGTON TRUST Co now owns 31,103 shares of the aerospace company’s stock valued at $15,114,000 after buying an additional 156 shares during the last quarter. PUREfi Wealth LLC acquired a new stake in shares of Lockheed Martin in the fourth quarter valued at about $233,000. Finally, Quadrant Private Wealth Management LLC grew its holdings in shares of Lockheed Martin by 3.2% in the fourth quarter. Quadrant Private Wealth Management LLC now owns 3,272 shares of the aerospace company’s stock valued at $1,590,000 after purchasing an additional 101 shares during the period. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on LMT. Morgan Stanley dropped 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 report on Wednesday, January 29th. Robert W. Baird increased their target price on shares of Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. lowered their target price on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. StockNews.com lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Finally, Wells Fargo & Company lowered their price objective on shares of Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating for the company in a research note on Thursday, January 30th. 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $555.60.

Lockheed Martin Stock Down 2.7 %

LMT stock opened at $423.15 on Friday. The company’s 50 day moving average is $478.88 and its two-hundred day moving average is $533.59. The stock has a market cap of $99.60 billion, a P/E ratio of 19.01, a PEG ratio of 2.12 and a beta of 0.48. Lockheed Martin Co. has a twelve month low of $418.58 and a twelve month high of $618.95. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10.

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

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be paid a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a dividend yield of 3.12%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s dividend payout ratio (DPR) is presently 59.30%.

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.