Counterweight Ventures LLC Makes New Investment in Lockheed Martin Co. (NYSE:LMT)

Counterweight Ventures LLC bought a new position in Lockheed Martin Co. (NYSE:LMT) during the 4th quarter, Holdings Channel reports. The institutional investor bought 3,568 shares of the aerospace company’s stock, valued at approximately $1,617,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Norris Perne & French LLP MI raised its stake in Lockheed Martin by 2.8% during the fourth quarter. Norris Perne & French LLP MI now owns 905 shares of the aerospace company’s stock valued at $410,000 after purchasing an additional 25 shares in the last quarter. Genesee Capital Advisors LLC raised its stake in Lockheed Martin by 2.8% during the fourth quarter. Genesee Capital Advisors LLC now owns 923 shares of the aerospace company’s stock valued at $419,000 after purchasing an additional 25 shares in the last quarter. Hunter Associates Investment Management LLC raised its stake in Lockheed Martin by 1.3% during the fourth quarter. Hunter Associates Investment Management LLC now owns 2,011 shares of the aerospace company’s stock valued at $912,000 after purchasing an additional 25 shares in the last quarter. Missouri Trust & Investment Co raised its stake in Lockheed Martin by 19.8% during the fourth quarter. Missouri Trust & Investment Co now owns 151 shares of the aerospace company’s stock valued at $68,000 after purchasing an additional 25 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its position in Lockheed Martin by 1.6% during the third quarter. Parkside Financial Bank & Trust now owns 1,694 shares of the aerospace company’s stock valued at $693,000 after acquiring an additional 26 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

LMT has been the topic of a number of analyst reports. JPMorgan Chase & Co. upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $475.00 to $518.00 in a research report on Monday, April 15th. StockNews.com upgraded shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 25th. Wells Fargo & Company boosted their price objective on shares of Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a research report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Lockheed Martin from $467.00 to $487.00 and gave the company a “hold” rating in a research report on Thursday, April 25th. Finally, UBS Group boosted their price objective on shares of Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $485.40.

Lockheed Martin Trading Down 0.0 %

Shares of NYSE LMT traded down $0.22 during mid-day trading on Friday, reaching $458.34. The company had a trading volume of 702,880 shares, compared to its average volume of 864,249. The business’s 50-day moving average is $462.54 and its 200-day moving average is $449.17. 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 stock has a market cap of $109.97 billion, a price-to-earnings ratio of 16.77, a price-to-earnings-growth ratio of 4.31 and a beta of 0.47. Lockheed Martin Co. has a 52 week low of $393.77 and a 52 week high of $479.50.

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

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 3rd will be paid a $3.15 dividend. This represents a $12.60 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend is Monday, June 3rd. Lockheed Martin’s dividend payout ratio (DPR) is presently 46.10%.

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.