Lockheed Martin Co. (NYSE:LMT) Shares Purchased by Lineweaver Wealth Advisors LLC

Lineweaver Wealth Advisors LLC boosted its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 17.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,731 shares of the aerospace company’s stock after buying an additional 718 shares during the period. Lineweaver Wealth Advisors LLC’s holdings in Lockheed Martin were worth $2,308,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

LMT has been the topic of a number of recent analyst reports. Morgan Stanley decreased their price objective on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. JPMorgan Chase & Co. decreased their price target 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. Royal Bank of Canada cut their price objective on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating for the company in a research report on Wednesday, January 29th. Citigroup reduced their price objective on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. Finally, Truist Financial assumed coverage on shares of Lockheed Martin in a research note on Tuesday, January 14th. They set a “buy” rating and a $579.00 target price for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Lockheed Martin currently has a consensus rating of “Moderate Buy” and an average price target of $553.67.

Lockheed Martin Price Performance

Shares of LMT opened at $441.56 on Thursday. The company has a market cap of $103.94 billion, a P/E ratio of 19.84, a PEG ratio of 2.07 and a beta of 0.48. Lockheed Martin Co. has a fifty-two week low of $419.70 and a fifty-two 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’s 50 day moving average price is $467.23 and its 200 day moving average price is $526.63.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 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%. On average, research analysts forecast that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company 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 $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s dividend payout ratio is presently 59.30%.

Lockheed Martin Company 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.