Sigma Planning Corp Grows Stock Position in Lockheed Martin Co. (NYSE:LMT)

by · The Cerbat Gem

Sigma Planning Corp boosted its stake in shares of Lockheed Martin Co. (NYSE:LMT – Free Report) by 0.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 10,049 shares of the aerospace company’s stock after buying an additional 35 shares during the period. Sigma Planning Corp’s holdings in Lockheed Martin were worth $4,883,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Itau Unibanco Holding S.A. purchased a new stake in Lockheed Martin during the 3rd quarter valued at $26,000. Capital Performance Advisors LLP purchased a new stake in Lockheed Martin during the 3rd quarter valued at $40,000. Heck Capital Advisors LLC purchased a new stake in Lockheed Martin during the 4th quarter valued at $35,000. Legacy Investment Solutions LLC bought a new position in Lockheed Martin in the 3rd quarter valued at $42,000. Finally, Vestor Capital LLC bought a new position in Lockheed Martin in the 3rd quarter valued at $46,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Up 1.1 %

Lockheed Martin stock opened at $441.20 on Friday. Lockheed Martin Co. has a one year low of $419.70 and a one year high of $618.95. The stock has a market cap of $103.86 billion, a PE ratio of 19.82, a price-to-earnings-growth ratio of 2.07 and a beta of 0.48. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. The stock has a 50-day moving average of $469.94 and a two-hundred day moving average of $528.97.

Lockheed Martin (NYSE:LMT – Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping 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%. On average, research analysts anticipate that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be given a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a yield of 2.99%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s dividend payout ratio is currently 59.30%.

Analyst Ratings Changes

Several equities analysts have commented on LMT shares. Royal Bank of Canada cut their price objective on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 29th. Susquehanna cut their price objective on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating on the stock in a research report on Wednesday, January 29th. JPMorgan Chase & Co. cut their price objective on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Wells Fargo & Company dropped their price target on Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 30th. Finally, Barclays dropped their price target on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Lockheed Martin currently has an average rating of “Moderate Buy” and a consensus target price of $555.60.

View Our Latest Research Report on Lockheed Martin

Lockheed Martin Profile

(Free Report)

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.

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