Cetera Advisor Networks LLC Increases Stock Position in Lockheed Martin Co. (NYSE:LMT)

Cetera Advisor Networks LLC increased its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 5.4% in the 4th quarter, Holdings Channel reports. The firm owned 82,485 shares of the aerospace company’s stock after buying an additional 4,189 shares during the period. Cetera Advisor Networks LLC’s holdings in Lockheed Martin were worth $37,385,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norris Perne & French LLP MI increased its stake in Lockheed Martin by 2.8% in the 4th quarter. Norris Perne & French LLP MI now owns 905 shares of the aerospace company’s stock worth $410,000 after buying an additional 25 shares in the last quarter. Genesee Capital Advisors LLC raised its stake in Lockheed Martin by 2.8% during the 4th 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 during the period. Hunter Associates Investment Management LLC grew its holdings in Lockheed Martin by 1.3% during the 4th quarter. Hunter Associates Investment Management LLC now owns 2,011 shares of the aerospace company’s stock valued at $912,000 after buying an additional 25 shares in the last quarter. Missouri Trust & Investment Co increased its holdings in Lockheed Martin by 19.8% in the 4th quarter. Missouri Trust & Investment Co now owns 151 shares of the aerospace company’s stock valued at $68,000 after acquiring an additional 25 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in shares of Lockheed Martin by 1.6% in the third quarter. Parkside Financial Bank & Trust now owns 1,694 shares of the aerospace company’s stock worth $693,000 after purchasing an additional 26 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on LMT shares. Citigroup lifted their price target on Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. StockNews.com raised Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 25th. UBS Group raised their price target on Lockheed Martin from $482.00 to $499.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. 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. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a report on Thursday, April 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $485.40.

Lockheed Martin Trading Down 0.8 %

LMT stock traded down $3.66 during mid-day trading on Wednesday, reaching $465.23. The company had a trading volume of 915,349 shares, compared to its average volume of 1,086,649. The company has a market capitalization of $111.63 billion, a PE ratio of 17.02, a price-to-earnings-growth ratio of 4.40 and a beta of 0.47. The firm has a 50 day moving average of $461.11 and a 200 day moving average of $448.42. Lockheed Martin Co. has a 12 month low of $393.77 and a 12 month high of $479.50. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.30 and a quick ratio of 1.11.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share (EPS) 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 return on equity of 85.96% and a net margin of 9.73%. Lockheed Martin’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.43 earnings per share. On average, equities analysts predict that Lockheed Martin Co. will post 26.17 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 3rd will be issued a $3.15 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $12.60 annualized dividend and a dividend yield of 2.71%. Lockheed Martin’s payout ratio is currently 46.10%.

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.