Princeton Global Asset Management LLC Grows Stake in Lockheed Martin Co. (NYSE:LMT)

Princeton Global Asset Management LLC grew its position in Lockheed Martin Co. (NYSE:LMT) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,471 shares of the aerospace company’s stock after purchasing an additional 67 shares during the quarter. Princeton Global Asset Management LLC’s holdings in Lockheed Martin were worth $2,297,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Terry L. Blaker lifted its stake in shares of Lockheed Martin by 13.2% during the fourth quarter. Terry L. Blaker now owns 8,232 shares of the aerospace company’s stock worth $2,922,000 after buying an additional 957 shares during the period. Sound Income Strategies LLC increased its stake in shares of Lockheed Martin by 39.1% during the fourth quarter. Sound Income Strategies LLC now owns 4,258 shares of the aerospace company’s stock worth $1,511,000 after purchasing an additional 1,196 shares in the last quarter. Rothschild Investment Corp IL increased its stake in shares of Lockheed Martin by 20.2% during the fourth quarter. Rothschild Investment Corp IL now owns 37,300 shares of the aerospace company’s stock worth $13,241,000 after purchasing an additional 6,257 shares in the last quarter. Kingsview Wealth Management LLC increased its stake in shares of Lockheed Martin by 14.4% during the third quarter. Kingsview Wealth Management LLC now owns 17,231 shares of the aerospace company’s stock worth $6,604,000 after purchasing an additional 2,175 shares in the last quarter. Finally, Grandview Asset Management LLC grew its stake in Lockheed Martin by 3.3% during the 4th quarter. Grandview Asset Management LLC now owns 1,208 shares of the aerospace company’s stock valued at $429,000 after acquiring an additional 39 shares in the last quarter. 77.00% of the stock is currently owned by institutional investors and hedge funds.

NYSE:LMT traded down $0.47 on Tuesday, hitting $340.00. The stock had a trading volume of 28,666 shares, compared to its average volume of 1,975,926. The company has a fifty day moving average price of $338.00 and a two-hundred day moving average price of $366.14. The company has a quick ratio of 1.12, a current ratio of 1.33 and a debt-to-equity ratio of 2.34. Lockheed Martin Co. has a 1-year low of $266.11 and a 1-year high of $424.20. The stock has a market cap of $95.24 billion, a price-to-earnings ratio of 14.67, a PEG ratio of 1.98 and a beta of 0.92.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Monday, January 25th. The aerospace company reported $6.38 EPS for the quarter, missing the consensus estimate of $6.41 by ($0.03). Lockheed Martin had a return on equity of 173.43% and a net margin of 10.18%. The company had revenue of $17.03 billion during the quarter, compared to analyst estimates of $16.92 billion. During the same quarter in the prior year, the company posted $5.29 earnings per share. The business’s revenue was up 7.3% compared to the same quarter last year. As a group, analysts anticipate that Lockheed Martin Co. will post 24.82 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 26th. Stockholders of record on Monday, March 1st will be issued a $2.60 dividend. The ex-dividend date of this dividend is Friday, February 26th. This represents a $10.40 annualized dividend and a dividend yield of 3.06%. Lockheed Martin’s dividend payout ratio is currently 47.38%.

Several analysts recently issued reports on LMT shares. Robert W. Baird cut shares of Lockheed Martin from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $420.00 to $368.00 in a research note on Thursday, January 7th. Morgan Stanley dropped their price objective on shares of Lockheed Martin from $480.00 to $445.00 and set an “overweight” rating for the company in a research note on Monday, February 8th. Credit Suisse Group dropped their price objective on shares of Lockheed Martin from $351.00 to $334.00 in a research note on Wednesday, January 27th. Finally, Cowen reaffirmed a “buy” rating and set a $410.00 price objective on shares of Lockheed Martin in a research note on Friday, November 27th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Lockheed Martin has an average rating of “Buy” and an average price target of $418.15.

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. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space Systems.

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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