Eubel Brady & Suttman Asset Management Inc. Increases Holdings in Lockheed Martin Co. (NYSE:LMT)

Eubel Brady & Suttman Asset Management Inc. grew its holdings in Lockheed Martin Co. (NYSE:LMT) by 0.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,177 shares of the aerospace company’s stock after acquiring an additional 191 shares during the period. Lockheed Martin comprises about 2.4% of Eubel Brady & Suttman Asset Management Inc.’s investment portfolio, making the stock its 18th biggest position. Eubel Brady & Suttman Asset Management Inc.’s holdings in Lockheed Martin were worth $18,066,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Itau Unibanco Holding S.A. purchased a new stake in shares of Lockheed Martin in the third quarter worth about $26,000. Capital Performance Advisors LLP bought a new position in shares of Lockheed Martin during the third quarter valued at approximately $40,000. Heck Capital Advisors LLC bought a new position in shares of Lockheed Martin during the fourth quarter valued at approximately $35,000. Legacy Investment Solutions LLC bought a new position in shares of Lockheed Martin during the third quarter valued at approximately $42,000. Finally, Vestor Capital LLC bought a new position in shares of Lockheed Martin during the third quarter valued at approximately $46,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LMT has been the topic of a number of analyst reports. Wells Fargo & Company cut their target price on Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 30th. StockNews.com cut Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Royal Bank of Canada dropped their price objective on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 29th. JPMorgan Chase & Co. dropped their price objective on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Finally, Citigroup dropped their price objective on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $555.60.

Lockheed Martin Stock Performance

Shares of LMT opened at $441.20 on Friday. Lockheed Martin Co. has a 12 month low of $419.70 and a 12 month high of $618.95. The stock has a fifty day moving average price of $469.94 and a 200-day moving average price of $528.97. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. The firm has a market cap of $103.86 billion, a PE ratio of 19.82, a P/E/G ratio of 2.05 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. Equities research analysts predict that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently announced 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 of this dividend is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a yield of 2.99%. Lockheed Martin’s dividend payout ratio (DPR) is 59.30%.

About Lockheed Martin

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.