Lockheed Martin Co. (NYSE:LMT) Shares Acquired by Vicus Capital

Vicus Capital grew its stake in Lockheed Martin Co. (NYSE:LMT) by 2.3% during the fourth quarter, HoldingsChannel reports. The firm owned 1,779 shares of the aerospace company’s stock after purchasing an additional 40 shares during the quarter. Vicus Capital’s holdings in Lockheed Martin were worth $865,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Itau Unibanco Holding S.A. acquired a new position in Lockheed Martin during the third quarter worth $26,000. Capital Performance Advisors LLP purchased a new stake in Lockheed Martin during the third quarter worth $40,000. Heck Capital Advisors LLC purchased a new stake in Lockheed Martin during the fourth quarter worth $35,000. Legacy Investment Solutions LLC purchased a new stake in Lockheed Martin during the third quarter worth $42,000. Finally, Vestor Capital LLC purchased a new stake in Lockheed Martin during the third quarter worth $46,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Shares of NYSE:LMT opened at $434.36 on Friday. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. Lockheed Martin Co. has a 12 month low of $413.92 and a 12 month high of $618.95. The firm has a market capitalization of $102.24 billion, a PE ratio of 19.51, a P/E/G ratio of 2.12 and a beta of 0.48. The business has a 50-day moving average of $480.54 and a two-hundred day moving average of $534.28.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (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%. As a group, research analysts forecast that Lockheed Martin Co. will post 27.14 earnings per share for the current year.

Lockheed Martin Announces Dividend

The business also recently announced 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 3.04%. Lockheed Martin’s dividend payout ratio (DPR) is currently 59.30%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on LMT shares. Deutsche Bank Aktiengesellschaft downgraded Lockheed Martin from a “buy” rating to a “hold” rating and reduced their price objective for the company from $611.00 to $523.00 in a research report on Thursday, January 2nd. UBS Group reduced their price objective on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. Barclays reduced their target price on 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. JPMorgan Chase & Co. reduced their target price on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Finally, StockNews.com downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. 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 assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently 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.