Lockheed Martin Co. (NYSE:LMT) Holdings Raised by Foster Victor Wealth Advisors LLC

Foster Victor Wealth Advisors LLC lifted its stake in Lockheed Martin Co. (NYSE:LMT) by 23.6% in the fourth quarter, HoldingsChannel reports. The firm owned 23,300 shares of the aerospace company’s stock after purchasing an additional 4,445 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in Lockheed Martin were worth $11,425,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of LMT. Itau Unibanco Holding S.A. purchased a new position in shares of Lockheed Martin in the third quarter worth approximately $26,000. Mattson Financial Services LLC acquired a new position in Lockheed Martin in the 2nd quarter worth approximately $27,000. Burkett Financial Services LLC purchased a new position in Lockheed Martin during the 3rd quarter worth approximately $32,000. Capital Performance Advisors LLP purchased a new stake in shares of Lockheed Martin in the third quarter valued at $40,000. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of Lockheed Martin in the third quarter valued at $42,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

LMT opened at $457.89 on Wednesday. The stock has a 50-day moving average of $497.18 and a 200-day moving average of $537.55. The company has a debt-to-equity ratio of 2.66, a quick ratio of 1.12 and a current ratio of 1.30. Lockheed Martin Co. has a 52-week low of $413.92 and a 52-week high of $618.95. The company 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.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 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%. As a group, equities research analysts forecast that Lockheed Martin Co. will post 26.89 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently announced 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. This represents a $13.20 dividend on an annualized basis and a yield of 2.88%. Lockheed Martin’s dividend payout ratio is 47.79%.

Wall Street Analyst Weigh In

LMT has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft lowered Lockheed Martin from a “buy” rating to a “hold” rating and dropped their price target for the company from $611.00 to $523.00 in a research report on Thursday, January 2nd. Wells Fargo & Company reduced their price target on shares of Lockheed Martin from $543.00 to $500.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 8th. JPMorgan Chase & Co. lowered their price objective on shares of Lockheed Martin from $546.00 to $540.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. UBS Group increased their target price on shares of Lockheed Martin from $589.00 to $603.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Truist Financial initiated 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, five have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Lockheed Martin currently has a consensus rating of “Moderate Buy” and an average target price 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.