Platform Technology Partners Acquires 44 Shares of Lockheed Martin Co. (NYSE:LMT)

Platform Technology Partners increased its holdings in Lockheed Martin Co. (NYSE:LMT) by 1.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,166 shares of the aerospace company’s stock after acquiring an additional 44 shares during the quarter. Platform Technology Partners’ holdings in Lockheed Martin were worth $2,025,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. USA Financial Formulas purchased a new position in shares of Lockheed Martin in the 3rd quarter worth about $233,000. Cypress Wealth Services LLC purchased a new position in Lockheed Martin in the third quarter worth about $440,000. Watts Gwilliam & Co. LLC purchased a new position in Lockheed Martin in the third quarter worth about $1,096,000. Merrion Investment Management Co LLC lifted its stake in shares of Lockheed Martin by 8.8% in the third quarter. Merrion Investment Management Co LLC now owns 495 shares of the aerospace company’s stock worth $289,000 after buying an additional 40 shares in the last quarter. Finally, Independence Bank of Kentucky grew its holdings in shares of Lockheed Martin by 23.0% during the third quarter. Independence Bank of Kentucky now owns 3,086 shares of the aerospace company’s stock valued at $1,804,000 after buying an additional 577 shares during the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Price Performance

Shares of Lockheed Martin stock opened at $444.05 on Friday. The stock’s fifty day moving average is $486.55 and its 200 day moving average is $535.81. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $618.95. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. The stock has a market cap of $104.52 billion, a P/E ratio of 19.95, a P/E/G ratio of 2.96 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, beating analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. Sell-side analysts anticipate that Lockheed Martin Co. will post 27.29 earnings per share for the current year.

Lockheed Martin Dividend Announcement

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 $3.30 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.97%. Lockheed Martin’s dividend payout ratio (DPR) is presently 59.30%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Robert W. Baird upped their price objective on Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. Susquehanna reduced their price objective on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a report on Wednesday, January 29th. Royal Bank of Canada lowered their target price on shares of Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and reduced their price target for the stock from $611.00 to $523.00 in a research note on Thursday, January 2nd. Finally, Barclays lowered their price objective on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Lockheed Martin currently has a consensus rating of “Moderate Buy” and a consensus target price of $555.60.

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.