Focus Financial Network Inc. Grows Holdings in Lockheed Martin Co. (NYSE:LMT)

Focus Financial Network Inc. raised its position in Lockheed Martin Co. (NYSE:LMT) by 10.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,685 shares of the aerospace company’s stock after purchasing an additional 254 shares during the period. Focus Financial Network Inc.’s holdings in Lockheed Martin were worth $1,305,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. acquired a new stake in Lockheed Martin in the third quarter valued at $26,000. Capital Performance Advisors LLP bought a new stake in shares of Lockheed Martin in the 3rd quarter worth about $40,000. Heck Capital Advisors LLC acquired a new stake in shares of Lockheed Martin in the 4th quarter valued at about $35,000. Legacy Investment Solutions LLC bought a new position in shares of Lockheed Martin during the third quarter worth about $42,000. Finally, Vestor Capital LLC acquired a new position in Lockheed Martin in the third quarter worth about $46,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the company. JPMorgan Chase & Co. cut their price objective on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Citigroup dropped their price target on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. Robert W. Baird raised their price objective on Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. UBS Group lowered their target price on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft downgraded 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 report on Thursday, January 2nd. One 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 data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $555.60.

Lockheed Martin Trading Up 0.3 %

Lockheed Martin stock opened at $449.69 on Wednesday. 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. The firm has a market capitalization of $105.85 billion, a price-to-earnings ratio of 20.20, a PEG ratio of 2.12 and a beta of 0.48. The firm has a 50-day moving average price of $483.39 and a two-hundred day moving average price of $535.46.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts expect that Lockheed Martin Co. will post 27.14 earnings per share for the current year.

Lockheed Martin Announces Dividend

The firm also recently declared 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 is Monday, March 3rd. This represents a $13.20 annualized dividend and a dividend yield of 2.94%. Lockheed Martin’s payout ratio is 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.