Mayflower Financial Advisors LLC Purchases 305 Shares of Lockheed Martin Co. (NYSE:LMT)

Mayflower Financial Advisors LLC lifted its stake in Lockheed Martin Co. (NYSE:LMT) by 9.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,670 shares of the aerospace company’s stock after purchasing an additional 305 shares during the period. Mayflower Financial Advisors LLC’s holdings in Lockheed Martin were worth $1,783,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Itau Unibanco Holding S.A. purchased a new position in shares of Lockheed Martin during the 3rd quarter valued at about $26,000. Burkett Financial Services LLC bought a new stake in Lockheed Martin in the 3rd quarter worth approximately $32,000. Mattson Financial Services LLC bought a new position in shares of Lockheed Martin during the 2nd quarter valued at approximately $27,000. Capital Performance Advisors LLP bought a new position in shares of Lockheed Martin during the 3rd quarter valued at approximately $40,000. Finally, Legacy Investment Solutions LLC bought a new position in Lockheed Martin in the 3rd quarter valued at $42,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Stock Performance

LMT opened at $457.89 on Wednesday. The business’s 50 day moving average is $498.68 and its 200-day moving average is $537.59. The stock has a market cap of $108.54 billion, a PE ratio of 16.58, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve month high of $618.95.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. On average, analysts predict that Lockheed Martin Co. will post 26.89 earnings per share for the current year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be issued a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a yield of 2.88%. Lockheed Martin’s dividend payout ratio is presently 47.79%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company decreased their price objective on Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 8th. Robert W. Baird raised their target price on Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. dropped their price objective on Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Susquehanna decreased their price target on Lockheed Martin from $695.00 to $590.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Finally, Royal Bank of Canada reduced their target price on Lockheed Martin from $675.00 to $665.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Lockheed Martin currently has an average rating of “Moderate Buy” and an average price target of $577.73.

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.