Tempus Wealth Planning LLC Raises Position in Lockheed Martin Co. (NYSE:LMT)

Tempus Wealth Planning LLC raised its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 9.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,045 shares of the aerospace company’s stock after acquiring an additional 93 shares during the period. Tempus Wealth Planning LLC’s holdings in Lockheed Martin were worth $508,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Itau Unibanco Holding S.A. purchased a new position in Lockheed Martin in the 3rd quarter worth approximately $26,000. Burkett Financial Services LLC bought a new stake in shares of Lockheed Martin during the 3rd quarter worth $32,000. Heck Capital Advisors LLC purchased a new position in Lockheed Martin in the fourth quarter worth $35,000. Capital Performance Advisors LLP bought a new position in Lockheed Martin in the third quarter valued at $40,000. Finally, Legacy Investment Solutions LLC purchased a new stake in Lockheed Martin during the third quarter valued at about $42,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Down 1.5 %

Lockheed Martin stock opened at $455.85 on Tuesday. Lockheed Martin Co. has a 12 month low of $413.92 and a 12 month high of $618.95. The company has a market capitalization of $107.30 billion, a price-to-earnings ratio of 20.48, a price-to-earnings-growth ratio of 2.96 and a beta of 0.48. The business’s fifty day simple moving average is $492.29 and its two-hundred day simple moving average is $537.32. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data 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 net margin of 7.51% and a return on equity of 101.47%. As a group, equities analysts predict that Lockheed Martin Co. will post 27.29 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The company 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. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a yield of 2.90%. Lockheed Martin’s payout ratio is currently 59.30%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on LMT. UBS Group dropped their target price on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. Wells Fargo & Company lowered their price target on shares of Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating for the company in a research note on Thursday, January 30th. Deutsche Bank Aktiengesellschaft downgraded Lockheed Martin from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $611.00 to $523.00 in a report on Thursday, January 2nd. Morgan Stanley dropped their target price on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. Finally, Barclays decreased their price target on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Lockheed Martin has a consensus rating of “Moderate Buy” and a consensus price target of $555.60.

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.