Hillsdale Investment Management Inc. bought a new position in shares of Lockheed Martin Corporation (NYSE:LMT – Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 2,090 shares of the aerospace company’s stock, valued at approximately $1,011,000.
A number of other hedge funds also recently made changes to their positions in the business. Cerro Pacific Wealth Advisors LLC raised its stake in shares of Lockheed Martin by 1.2% during the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 1,376 shares of the aerospace company’s stock worth $665,000 after purchasing an additional 16 shares during the period. Garner Asset Management Corp raised its stake in shares of Lockheed Martin by 0.9% during the 4th quarter. Garner Asset Management Corp now owns 1,735 shares of the aerospace company’s stock worth $839,000 after purchasing an additional 16 shares during the period. Broadway Wealth Solutions Inc. raised its stake in shares of Lockheed Martin by 3.6% during the 4th quarter. Broadway Wealth Solutions Inc. now owns 484 shares of the aerospace company’s stock worth $234,000 after purchasing an additional 17 shares during the period. Aspire Growth Partners LLC raised its stake in shares of Lockheed Martin by 0.7% during the 4th quarter. Aspire Growth Partners LLC now owns 2,515 shares of the aerospace company’s stock worth $1,217,000 after purchasing an additional 17 shares during the period. Finally, Newbridge Financial Services Group Inc. raised its stake in Lockheed Martin by 3.2% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 583 shares of the aerospace company’s stock valued at $282,000 after acquiring an additional 18 shares during the period. 74.19% of the stock is currently owned by institutional investors.
Lockheed Martin Stock Down 2.4%
LMT stock opened at $517.53 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 2.74. The firm has a market capitalization of $119.32 billion, a PE ratio of 25.06, a PEG ratio of 0.96 and a beta of 0.10. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $692.00. The stock has a 50-day simple moving average of $564.23 and a two-hundred day simple moving average of $559.25.
Lockheed Martin Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Monday, June 1st will be issued a dividend of $3.45 per share. This represents a $13.80 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Monday, June 1st. Lockheed Martin’s payout ratio is presently 66.83%.
Analyst Upgrades and Downgrades
LMT has been the topic of a number of research reports. Royal Bank Of Canada lowered their price objective on Lockheed Martin from $650.00 to $575.00 and set a “sector perform” rating on the stock in a research note on Friday, April 24th. The Goldman Sachs Group boosted their price objective on Lockheed Martin from $464.00 to $517.00 and gave the company a “sell” rating in a research note on Monday, February 2nd. Weiss Ratings upgraded Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, May 14th. Jefferies Financial Group restated a “hold” rating and issued a $595.00 price objective on shares of Lockheed Martin in a research note on Sunday, April 26th. Finally, UBS Group boosted their price objective on Lockheed Martin from $580.00 to $663.00 and gave the company a “neutral” rating in a research note on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $620.68.
Get Our Latest Stock Analysis on Lockheed Martin
Key Lockheed Martin News
Here are the key news stories impacting Lockheed Martin this week:
- Positive Sentiment: Lockheed Martin opened a new 88,000-square-foot Next Generation Interceptor facility in Courtland, Alabama, expanding missile-defense manufacturing capacity and reinforcing demand tied to U.S. homeland defense programs. Lockheed Martin Opens Next Generation Interceptor Facility in Courtland, Alabama
- Positive Sentiment: The company announced its first delivery of an Integrated Combat System-enabled baseline to the U.S. Navy, a sign of continued execution on major defense modernization programs. Lockheed Martin (LMT) Makes its First Delivery of ICS Baseline
- Positive Sentiment: Lockheed Martin was selected to support NOAA next-generation aircraft with Viasat’s hybrid satellite communications platform, adding another program-related win and highlighting ongoing demand for its aerospace systems. Viasat Selected by Lockheed Martin to Support NOAA Next-Generation Aircraft
- Neutral Sentiment: Analysts and market commenters are still moderately optimistic, but a recent article noted that Lockheed Martin has underperformed the Dow, suggesting sentiment is constructive yet not enough to offset broader stock weakness. Is Lockheed Martin Stock Underperforming the Dow?
- Neutral Sentiment: Jim Cramer’s commentary on drones versus manned jets added to investor attention, but it was more of an industry debate than a direct catalyst for Lockheed Martin’s fundamentals. Jim Cramer Discusses Lockheed Martin as He Weighs In on Drones Versus Manned Jets
- Negative Sentiment: Search interest in LMT has risen, but that article mainly signals heightened investor scrutiny rather than a clear fundamental catalyst, so it may reflect uncertainty around the stock’s near-term direction. Investors Heavily Search Lockheed Martin Corporation (LMT): Here is What You Need to Know
Lockheed Martin Company Profile
Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.
Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.
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