Consolidated Planning Corp Purchases 31 Shares of Lockheed Martin Co. (NYSE:LMT)

Consolidated Planning Corp raised its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 5.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 613 shares of the aerospace company’s stock after acquiring an additional 31 shares during the period. Consolidated Planning Corp’s holdings in Lockheed Martin were worth $298,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in LMT. Van ECK Associates Corp raised its position in Lockheed Martin by 1,239.6% in the 4th quarter. Van ECK Associates Corp now owns 548,237 shares of the aerospace company’s stock worth $266,410,000 after purchasing an additional 507,312 shares during the period. Louisbourg Investments Inc. grew its position in Lockheed Martin by 44.1% during the 4th quarter. Louisbourg Investments Inc. now owns 134 shares of the aerospace company’s stock worth $65,000 after acquiring an additional 41 shares during the last quarter. Jmac Enterprises LLC grew its position in Lockheed Martin by 1.5% during the 4th quarter. Jmac Enterprises LLC now owns 6,385 shares of the aerospace company’s stock worth $3,103,000 after acquiring an additional 97 shares during the last quarter. Avidian Wealth Enterprises LLC increased its stake in Lockheed Martin by 1.9% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 2,192 shares of the aerospace company’s stock worth $1,065,000 after purchasing an additional 41 shares during the period. Finally, Great Lakes Retirement Inc. lifted its position in Lockheed Martin by 1.0% in the fourth quarter. Great Lakes Retirement Inc. now owns 5,506 shares of the aerospace company’s stock valued at $2,676,000 after purchasing an additional 52 shares during the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $434.36 on Friday. 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 company’s fifty day moving average price is $480.54 and its 200-day moving average price is $534.28. The stock has a market cap of $102.24 billion, a PE ratio of 19.51, a price-to-earnings-growth ratio of 2.12 and a beta of 0.48. 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 quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share 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%. On average, equities analysts expect that Lockheed Martin Co. will post 27.14 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors 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 yield of 3.04%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s dividend payout ratio (DPR) is presently 59.30%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LMT. Morgan Stanley cut their target price on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. UBS Group decreased their price objective on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. StockNews.com lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft downgraded Lockheed Martin from a “buy” rating to a “hold” rating and reduced their price target for the company from $611.00 to $523.00 in a report on Thursday, January 2nd. Finally, Barclays dropped their price objective on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $555.60.

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.