Empowered Funds LLC Acquires 3,320 Shares of Lockheed Martin Co. (NYSE:LMT)

Empowered Funds LLC raised its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 11.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 33,328 shares of the aerospace company’s stock after buying an additional 3,320 shares during the period. Empowered Funds LLC’s holdings in Lockheed Martin were worth $16,195,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. LVW Advisors LLC grew its stake in shares of Lockheed Martin by 7.1% in the third quarter. LVW Advisors LLC now owns 1,107 shares of the aerospace company’s stock valued at $647,000 after buying an additional 73 shares in the last quarter. Red Mountain Financial LLC grew its stake in shares of Lockheed Martin by 5.1% in the third quarter. Red Mountain Financial LLC now owns 1,905 shares of the aerospace company’s stock valued at $1,114,000 after buying an additional 92 shares in the last quarter. Wynn Capital LLC grew its stake in shares of Lockheed Martin by 5.2% in the third quarter. Wynn Capital LLC now owns 2,163 shares of the aerospace company’s stock valued at $1,264,000 after buying an additional 106 shares in the last quarter. Meyer Handelman Co. grew its stake in shares of Lockheed Martin by 6.6% in the third quarter. Meyer Handelman Co. now owns 5,349 shares of the aerospace company’s stock valued at $3,127,000 after buying an additional 330 shares in the last quarter. Finally, Paragon Capital Management Ltd bought a new position in shares of Lockheed Martin in the third quarter valued at $220,000. 74.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on LMT shares. Wells Fargo & Company reduced their price objective on shares of Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating for the company in a research report on Thursday, January 30th. Morgan Stanley reduced their price objective on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. UBS Group reduced their price objective on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. 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 research report on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Lockheed Martin from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $611.00 to $523.00 in a research report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $555.60.

Lockheed Martin Stock Down 1.0 %

LMT stock opened at $444.05 on Friday. The company has a market cap of $104.52 billion, a PE ratio of 19.95, a price-to-earnings-growth ratio of 2.12 and a beta of 0.48. The business has a 50-day simple moving average of $484.84 and a 200 day simple moving average of $535.60. Lockheed Martin Co. has a 52 week low of $413.92 and a 52 week high of $618.95. 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 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 return on equity of 101.47% and a net margin of 7.51%. Sell-side analysts anticipate that Lockheed Martin Co. will post 27.14 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently declared 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 of this dividend 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.