Stonebridge Financial Group LLC Makes New Investment in Lockheed Martin Co. (NYSE:LMT)

Stonebridge Financial Group LLC acquired a new stake in shares of Lockheed Martin Co. (NYSE:LMT) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 302 shares of the aerospace company’s stock, valued at approximately $147,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Essex Financial Services Inc. lifted its stake in Lockheed Martin by 6.5% during the fourth quarter. Essex Financial Services Inc. now owns 6,813 shares of the aerospace company’s stock worth $3,311,000 after purchasing an additional 415 shares during the last quarter. Mill Creek Capital Advisors LLC raised its holdings in shares of Lockheed Martin by 14.5% during the 4th quarter. Mill Creek Capital Advisors LLC now owns 1,966 shares of the aerospace company’s stock valued at $955,000 after buying an additional 249 shares in the last quarter. First Fiduciary Investment Counsel Inc. lifted its position in Lockheed Martin by 0.7% in the 4th quarter. First Fiduciary Investment Counsel Inc. now owns 26,734 shares of the aerospace company’s stock worth $12,991,000 after buying an additional 176 shares during the last quarter. Focus Financial Network Inc. boosted its stake in Lockheed Martin by 10.4% in the fourth quarter. Focus Financial Network Inc. now owns 2,685 shares of the aerospace company’s stock worth $1,305,000 after buying an additional 254 shares in the last quarter. Finally, Sapient Capital LLC boosted its stake in Lockheed Martin by 4.7% in the fourth quarter. Sapient Capital LLC now owns 4,174 shares of the aerospace company’s stock worth $2,028,000 after buying an additional 189 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. UBS Group lowered their price objective on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. Barclays decreased their price objective on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. Susquehanna dropped their target price on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a report on Wednesday, January 29th. Citigroup decreased their price target on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. Finally, JPMorgan Chase & Co. dropped their price objective on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $555.60.

Lockheed Martin Trading Down 1.7 %

Shares of LMT opened at $441.67 on Thursday. Lockheed Martin Co. has a 1-year low of $413.92 and a 1-year high of $618.95. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. The firm’s 50-day moving average price is $482.05 and its 200-day moving average price is $534.93. The firm has a market capitalization of $103.96 billion, a price-to-earnings ratio of 19.84, a PEG ratio of 2.12 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, beating 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 anticipate that Lockheed Martin Co. will post 27.14 EPS for the current year.

Lockheed Martin Dividend Announcement

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