Heck Capital Advisors LLC Buys Shares of 72 Lockheed Martin Co. (NYSE:LMT)

Heck Capital Advisors LLC bought a new stake in Lockheed Martin Co. (NYSE:LMT) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 72 shares of the aerospace company’s stock, valued at approximately $35,000.

A number of other institutional investors have also recently added to or reduced their stakes in LMT. Itau Unibanco Holding S.A. bought a new stake in Lockheed Martin in the 3rd quarter valued at $26,000. Burkett Financial Services LLC bought a new stake in Lockheed Martin during the 3rd quarter worth approximately $32,000. Capital Performance Advisors LLP bought a new position in shares of Lockheed Martin during the 3rd quarter worth approximately $40,000. Legacy Investment Solutions LLC acquired a new stake in shares of Lockheed Martin in the 3rd quarter valued at approximately $42,000. Finally, Vestor Capital LLC acquired a new stake in Lockheed Martin during the 3rd quarter valued at $46,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Performance

NYSE LMT opened at $455.85 on Tuesday. The business has a 50-day moving average price of $492.29 and a 200-day moving average price of $537.32. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve month high of $618.95. The firm has a market cap 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 company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share 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%. As a group, equities research analysts predict that Lockheed Martin Co. will post 27.29 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be paid a $3.30 dividend. The ex-dividend date is Monday, March 3rd. This represents a $13.20 annualized dividend and a dividend yield of 2.90%. Lockheed Martin’s dividend payout ratio is presently 59.30%.

Analyst Ratings Changes

A number of research analysts recently commented on LMT shares. 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 report on Monday, January 6th. StockNews.com lowered Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Friday. Morgan Stanley decreased their target price on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. TD Cowen raised their target price on Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, Citigroup dropped their price target on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $555.60.

Lockheed Martin 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.