Savant Capital LLC Buys 631 Shares of Lockheed Martin Co. (NYSE:LMT)

Savant Capital LLC lifted its stake in Lockheed Martin Co. (NYSE:LMT) by 6.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,910 shares of the aerospace company’s stock after purchasing an additional 631 shares during the period. Savant Capital LLC’s holdings in Lockheed Martin were worth $4,815,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in LMT. Itau Unibanco Holding S.A. bought a new position in shares of Lockheed Martin in the third quarter worth about $26,000. Heck Capital Advisors LLC bought a new position in shares of Lockheed Martin in the fourth quarter worth about $35,000. Capital Performance Advisors LLP bought a new position in shares of Lockheed Martin in the third quarter worth about $40,000. Legacy Investment Solutions LLC bought a new position in Lockheed Martin during the 3rd quarter worth about $42,000. Finally, Vestor Capital LLC bought a new position in Lockheed Martin during the 3rd quarter worth about $46,000. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock opened at $447.91 on Tuesday. The firm has a market capitalization of $105.43 billion, a P/E ratio of 20.12, a PEG ratio of 2.12 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. The company has a 50 day moving average price of $484.84 and a 200 day moving average price of $535.98. Lockheed Martin Co. has a 52 week low of $413.92 and a 52 week high of $618.95.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, beating the consensus estimate of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. Sell-side analysts expect that Lockheed Martin Co. will post 27.14 EPS for the current year.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be given a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s dividend payout ratio is presently 59.30%.

Analyst Ratings Changes

Several research analysts have issued reports on LMT shares. Deutsche Bank Aktiengesellschaft cut shares of Lockheed Martin from a “buy” rating to a “hold” rating and dropped their target price for the stock from $611.00 to $523.00 in a report on Thursday, January 2nd. TD Cowen increased their target price on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Morgan Stanley dropped their target price on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. Robert W. Baird increased their target price on shares of Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. Finally, Susquehanna dropped their target price on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating on the stock in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Lockheed Martin has a consensus rating of “Moderate Buy” and an average target price of $555.60.

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.