Yousif Capital Management LLC Has $9.42 Million Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Yousif Capital Management LLC lowered its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 3.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,382 shares of the aerospace company’s stock after selling 591 shares during the period. Yousif Capital Management LLC’s holdings in Lockheed Martin were worth $9,418,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Itau Unibanco Holding S.A. bought a new position in Lockheed Martin in the third quarter worth approximately $26,000. Burkett Financial Services LLC acquired a new position in shares of Lockheed Martin during the third quarter worth approximately $32,000. Capital Performance Advisors LLP bought a new position in shares of Lockheed Martin in the 3rd quarter worth $40,000. Heck Capital Advisors LLC acquired a new stake in Lockheed Martin in the 4th quarter valued at $35,000. Finally, Legacy Investment Solutions LLC bought a new stake in Lockheed Martin during the 3rd quarter valued at $42,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Down 0.9 %

LMT opened at $449.44 on Thursday. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve month high of $618.95. The company’s 50-day moving average price is $489.62 and its two-hundred day moving average price is $537.03. The stock has a market cap of $105.79 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 2.96 and a beta of 0.48. The company has a quick ratio of 0.95, a current ratio of 1.13 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 EPS for the quarter, beating the consensus estimate of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. As a group, equities analysts expect that Lockheed Martin Co. will post 27.29 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. Investors of record on Monday, March 3rd will be issued a $3.30 dividend. This represents a $13.20 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s dividend payout ratio (DPR) is currently 59.30%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Susquehanna reduced their price objective on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a report on Wednesday, January 29th. Citigroup cut their price target on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. Wells Fargo & Company lowered their price objective on 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. Morgan Stanley cut their target price on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. Finally, Royal Bank of Canada lowered their price target on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating for the company in a research report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Lockheed Martin currently has a consensus rating of “Moderate Buy” and a consensus price target 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.