Lockheed Martin Co. (NYSE:LMT) Stock Position Trimmed by TCI Wealth Advisors Inc.

TCI Wealth Advisors Inc. decreased its position in Lockheed Martin Co. (NYSE:LMTFree Report) by 18.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,498 shares of the aerospace company’s stock after selling 334 shares during the period. TCI Wealth Advisors Inc.’s holdings in Lockheed Martin were worth $728,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in LMT. Algert Global LLC bought a new stake in Lockheed Martin during the 2nd quarter valued at $277,000. Sanctuary Advisors LLC bought a new position in shares of Lockheed Martin during the 2nd quarter valued at about $24,001,000. Centaurus Financial Inc. boosted its holdings in Lockheed Martin by 17.6% during the second quarter. Centaurus Financial Inc. now owns 3,400 shares of the aerospace company’s stock worth $1,588,000 after buying an additional 510 shares in the last quarter. Mattson Financial Services LLC acquired a new position in shares of Lockheed Martin in the 2nd quarter worth $27,000. Finally, Davis Capital Management increased its stake in Lockheed Martin by 4.9% in the 3rd quarter. Davis Capital Management now owns 1,872 shares of the aerospace company’s stock worth $1,094,000 after purchasing an additional 88 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Price Performance

Shares of Lockheed Martin stock opened at $459.12 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.12 and a debt-to-equity ratio of 3.10. The firm has a fifty day simple moving average of $493.89 and a 200-day simple moving average of $536.43. The stock has a market capitalization of $108.07 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 3.78 and a beta of 0.48. Lockheed Martin Co. has a 1-year low of $413.92 and a 1-year high of $618.95.

Lockheed Martin (NYSE:LMTGet Free Report) last released its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) 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%. On average, sell-side analysts expect that Lockheed Martin Co. will post 27.09 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The firm 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 $3.30 dividend. This represents a $13.20 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s dividend payout ratio is currently 59.30%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on LMT. Truist Financial began coverage on shares of Lockheed Martin in a research report on Tuesday, January 14th. They set a “buy” rating and a $579.00 price objective on the stock. Robert W. Baird raised their price target on shares of Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. JPMorgan Chase & Co. dropped their price objective on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a research note on Thursday. UBS Group lowered their price target on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Citigroup cut their price objective on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $555.60.

Read Our Latest Report on LMT

Lockheed Martin Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding LMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lockheed Martin Co. (NYSE:LMTFree Report).

Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

Receive News & Ratings for Lockheed Martin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lockheed Martin and related companies with MarketBeat.com's FREE daily email newsletter.