Apollon Financial LLC Takes Position in Lockheed Martin Co. (NYSE:LMT)

Apollon Financial LLC bought a new position in Lockheed Martin Co. (NYSE:LMT) during the fourth quarter, HoldingsChannel reports. The firm bought 463 shares of the aerospace company’s stock, valued at approximately $225,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of LMT. Itau Unibanco Holding S.A. purchased a new stake in shares of Lockheed Martin during the third quarter valued at approximately $26,000. Heck Capital Advisors LLC bought a new position in Lockheed Martin in the 4th quarter valued at $35,000. Capital Performance Advisors LLP purchased a new stake in shares of Lockheed Martin during the 3rd quarter valued at $40,000. Legacy Investment Solutions LLC bought a new stake in shares of Lockheed Martin during the 3rd quarter worth $42,000. Finally, Vestor Capital LLC purchased a new position in shares of Lockheed Martin in the 3rd quarter worth about $46,000. Institutional investors own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on LMT shares. Robert W. Baird raised their price target on shares of Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. Barclays decreased their target price on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research report on Monday, January 6th. TD Cowen upped their price target on Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Citigroup decreased 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. Finally, Wells Fargo & Company dropped their price objective on shares of Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating on the stock in a report on Thursday, January 30th. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $555.60.

Lockheed Martin Trading Down 1.0 %

Shares of LMT stock opened at $444.05 on Friday. 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 fifty day simple moving average of $484.84 and a two-hundred day simple moving average of $535.60. The firm has a market capitalization of $104.52 billion, a PE ratio of 19.95, a PEG ratio of 2.12 and a beta of 0.48. Lockheed Martin Co. has a 52-week low of $413.92 and a 52-week high of $618.95.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 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, analysts predict that Lockheed Martin Co. will post 27.14 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be paid a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s dividend payout ratio (DPR) is presently 59.30%.

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.