First Horizon Advisors Inc. Purchases 2,151 Shares of Lockheed Martin Co. (NYSE:LMT)

First Horizon Advisors Inc. raised its position in Lockheed Martin Co. (NYSE:LMT) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 69,333 shares of the aerospace company’s stock after purchasing an additional 2,151 shares during the period. Lockheed Martin makes up about 0.9% of First Horizon Advisors Inc.’s investment portfolio, making the stock its 25th biggest holding. First Horizon Advisors Inc.’s holdings in Lockheed Martin were worth $33,692,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of LMT. Itau Unibanco Holding S.A. bought a new stake in Lockheed Martin in the third quarter valued at approximately $26,000. Heck Capital Advisors LLC acquired a new position in shares of Lockheed Martin in the fourth quarter valued at approximately $35,000. Capital Performance Advisors LLP acquired a new position in shares of Lockheed Martin in the third quarter valued at approximately $40,000. Legacy Investment Solutions LLC acquired a new position in shares of Lockheed Martin in the third quarter valued at approximately $42,000. Finally, Vestor Capital LLC acquired a new position in shares of Lockheed Martin in the third quarter valued at approximately $46,000. Institutional investors own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on LMT shares. JPMorgan Chase & Co. reduced their price target on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Barclays reduced their price target on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. Citigroup reduced their price target on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. StockNews.com cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Finally, UBS Group reduced their target price on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $555.60.

Lockheed Martin Stock Performance

NYSE LMT opened at $441.20 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 firm’s fifty day moving average price is $469.94 and its two-hundred day moving average price is $528.89. Lockheed Martin Co. has a 1 year low of $419.70 and a 1 year high of $618.95. The firm has a market capitalization of $103.86 billion, a P/E ratio of 19.82, a price-to-earnings-growth ratio of 2.07 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results 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 net margin of 7.51% and a return on equity of 101.47%. As a group, research analysts anticipate that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be given a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a yield of 2.99%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s dividend payout ratio (DPR) is currently 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.