Fisher Asset Management LLC Purchases 364 Shares of Lockheed Martin Co. (NYSE:LMT)

Fisher Asset Management LLC lifted its position in Lockheed Martin Co. (NYSE:LMT) by 5.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 6,853 shares of the aerospace company’s stock after acquiring an additional 364 shares during the quarter. Fisher Asset Management LLC’s holdings in Lockheed Martin were worth $3,106,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Warther Private Wealth LLC boosted its holdings in shares of Lockheed Martin by 86.1% in the 4th quarter. Warther Private Wealth LLC now owns 16,369 shares of the aerospace company’s stock worth $7,419,000 after buying an additional 7,575 shares during the last quarter. Alethea Capital Management LLC purchased a new position in shares of Lockheed Martin in the 3rd quarter worth about $415,000. Morningstar Investment Services LLC boosted its holdings in shares of Lockheed Martin by 99.6% in the 4th quarter. Morningstar Investment Services LLC now owns 147,811 shares of the aerospace company’s stock worth $66,697,000 after buying an additional 73,774 shares during the last quarter. AdvisorNet Financial Inc boosted its holdings in shares of Lockheed Martin by 0.4% in the 4th quarter. AdvisorNet Financial Inc now owns 7,741 shares of the aerospace company’s stock worth $3,509,000 after buying an additional 29 shares during the last quarter. Finally, Cercano Management LLC purchased a new position in shares of Lockheed Martin in the 4th quarter worth about $29,454,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Up 0.3 %

Shares of Lockheed Martin stock opened at $467.69 on Friday. Lockheed Martin Co. has a 12-month low of $393.77 and a 12-month high of $479.50. The company has a market cap of $112.22 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 4.33 and a beta of 0.47. The company has a current ratio of 1.30, a quick ratio of 1.11 and a debt-to-equity ratio of 2.89. The company’s 50-day moving average price is $463.71 and its 200-day moving average price is $449.66.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share for the quarter, topping the consensus estimate of $5.80 by $0.53. The company had revenue of $17.20 billion for the quarter, compared to analysts’ expectations of $16.04 billion. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. Lockheed Martin’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the prior year, the business earned $6.43 earnings per share. On average, equities analysts expect that Lockheed Martin Co. will post 26.17 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 3rd will be given a $3.15 dividend. This represents a $12.60 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend is Monday, June 3rd. Lockheed Martin’s dividend payout ratio (DPR) is 46.10%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on LMT shares. Wells Fargo & Company boosted their price target on shares of Lockheed Martin from $460.00 to $480.00 and gave the stock an “equal weight” rating in a report on Thursday, April 25th. The Goldman Sachs Group dropped their price objective on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a report on Tuesday, April 23rd. UBS Group upped their price objective on shares of Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. StockNews.com raised shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 25th. Finally, Citigroup upped their price objective on shares of Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $485.40.

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.