Nvest Financial LLC Acquires 1,085 Shares of Lockheed Martin Co. (NYSE:LMT)

Nvest Financial LLC grew its holdings in Lockheed Martin Co. (NYSE:LMT) by 43.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,598 shares of the aerospace company’s stock after purchasing an additional 1,085 shares during the quarter. Nvest Financial LLC’s holdings in Lockheed Martin were worth $1,748,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Itau Unibanco Holding S.A. purchased a new stake in Lockheed Martin during the third quarter worth $26,000. Burkett Financial Services LLC bought a new position in shares of Lockheed Martin in the 3rd quarter worth $32,000. Mattson Financial Services LLC purchased a new stake in shares of Lockheed Martin during the 2nd quarter worth $27,000. Capital Performance Advisors LLP bought a new stake in Lockheed Martin during the third quarter valued at about $40,000. Finally, Legacy Investment Solutions LLC purchased a new position in Lockheed Martin in the third quarter valued at about $42,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Shares of NYSE LMT opened at $457.89 on Wednesday. The stock has a market cap of $108.54 billion, a price-to-earnings ratio of 16.58, a PEG ratio of 4.05 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. The company has a 50 day simple moving average of $497.18 and a two-hundred day simple moving average of $537.55. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, beating the consensus estimate of $6.58 by $1.09. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. As a group, analysts predict that Lockheed Martin Co. will post 26.89 earnings per share for the current year.

Lockheed Martin Announces Dividend

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 paid a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.88%. Lockheed Martin’s payout ratio is 47.79%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on LMT. Deutsche Bank Aktiengesellschaft cut shares of Lockheed Martin from a “buy” rating to a “hold” rating and lowered their price target for the company from $611.00 to $523.00 in a report on Thursday, January 2nd. Susquehanna cut their price target on shares of Lockheed Martin from $695.00 to $590.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. TD Cowen increased their price objective on Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Citigroup dropped their target price on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. Finally, Wells Fargo & Company decreased their price target on Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Lockheed Martin has a consensus rating of “Moderate Buy” and a consensus price target of $577.73.

About Lockheed Martin

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.