Scarborough Advisors LLC Sells 45 Shares of Lockheed Martin Co. (NYSE:LMT)

Scarborough Advisors LLC lowered its position in Lockheed Martin Co. (NYSE:LMT) by 0.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 6,344 shares of the aerospace company’s stock after selling 45 shares during the period. Scarborough Advisors LLC’s holdings in Lockheed Martin were worth $3,083,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LMT. BXM Wealth LLC acquired a new position in Lockheed Martin during the fourth quarter worth $215,000. WASHINGTON TRUST Co boosted its position in Lockheed Martin by 0.5% during the fourth quarter. WASHINGTON TRUST Co now owns 31,103 shares of the aerospace company’s stock worth $15,114,000 after purchasing an additional 156 shares during the period. PUREfi Wealth LLC purchased a new stake in shares of Lockheed Martin in the fourth quarter worth about $233,000. Quadrant Private Wealth Management LLC lifted its holdings in shares of Lockheed Martin by 3.2% in the fourth quarter. Quadrant Private Wealth Management LLC now owns 3,272 shares of the aerospace company’s stock worth $1,590,000 after buying an additional 101 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in Lockheed Martin by 28.8% in the fourth quarter. Blue Trust Inc. now owns 9,934 shares of the aerospace company’s stock valued at $4,827,000 after purchasing an additional 2,222 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock opened at $423.15 on Friday. The business’s fifty day simple moving average is $478.88 and its 200-day simple moving average is $533.59. Lockheed Martin Co. has a 52 week low of $418.58 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 cap of $99.60 billion, a PE ratio of 19.01, a price-to-earnings-growth ratio of 2.12 and a beta of 0.48.

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

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be given a dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a yield of 3.12%. Lockheed Martin’s payout ratio is 59.30%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LMT. Truist Financial assumed coverage on shares of Lockheed Martin in a report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 target price on the stock. JPMorgan Chase & Co. lowered their price objective on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Morgan Stanley lowered their price target on 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. Wells Fargo & Company decreased their target price on 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. Finally, Royal Bank of Canada cut their price target on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating for the company in a research note on Wednesday, January 29th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $555.60.

About Lockheed Martin

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.