Strategic Planning Group LLC Purchases 283 Shares of Lockheed Martin Co. (NYSE:LMT)

Strategic Planning Group LLC lifted its holdings in Lockheed Martin Co. (NYSE:LMT) by 3.6% during the 4th quarter, Holdings Channel reports. The fund owned 8,153 shares of the aerospace company’s stock after acquiring an additional 283 shares during the quarter. Strategic Planning Group LLC’s holdings in Lockheed Martin were worth $3,962,000 at the end of the most recent reporting period.

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

Lockheed Martin Trading Down 0.7 %

NYSE LMT opened at $454.18 on Thursday. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. The stock’s 50-day moving average is $497.18 and its 200-day moving average is $537.55. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $618.95. The firm has a market cap of $107.66 billion, a P/E ratio of 16.44, a P/E/G ratio of 4.05 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results 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 net margin of 9.36% and a return on equity of 101.44%. Sell-side analysts anticipate that Lockheed Martin Co. will post 26.89 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be paid a $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s dividend payout ratio is 47.79%.

Analyst Ratings Changes

Several research firms recently weighed in on LMT. StockNews.com cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 3rd. JPMorgan Chase & Co. decreased their price target on Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating on the stock in a report on Thursday, January 16th. Citigroup dropped their price objective on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. TD Cowen lifted their price target on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and cut their price objective for the company from $611.00 to $523.00 in a report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $556.13.

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.