Hohimer Wealth Management LLC Has $4.77 Million Stock Position in Lockheed Martin Corporation $LMT

Hohimer Wealth Management LLC lifted its position in Lockheed Martin Corporation (NYSE:LMT) by 17.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 9,557 shares of the aerospace company’s stock after buying an additional 1,441 shares during the period. Hohimer Wealth Management LLC’s holdings in Lockheed Martin were worth $4,771,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of Lockheed Martin by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 21,697,527 shares of the aerospace company’s stock valued at $10,048,993,000 after purchasing an additional 214,565 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Lockheed Martin by 0.4% in the second quarter. Geode Capital Management LLC now owns 4,884,954 shares of the aerospace company’s stock valued at $2,256,147,000 after buying an additional 19,459 shares during the period. Legal & General Group Plc increased its position in shares of Lockheed Martin by 0.6% during the second quarter. Legal & General Group Plc now owns 959,510 shares of the aerospace company’s stock worth $444,387,000 after acquiring an additional 6,073 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Lockheed Martin by 6.9% during the second quarter. AQR Capital Management LLC now owns 863,839 shares of the aerospace company’s stock worth $400,079,000 after acquiring an additional 55,607 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Lockheed Martin by 16.6% during the second quarter. Ameriprise Financial Inc. now owns 761,382 shares of the aerospace company’s stock worth $347,381,000 after acquiring an additional 108,553 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

LMT has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their target price on shares of Lockheed Martin from $515.00 to $680.00 and gave the stock a “neutral” rating in a research note on Friday, January 30th. Susquehanna restated a “positive” rating and issued a $660.00 price target on shares of Lockheed Martin in a report on Thursday, January 15th. Jefferies Financial Group upped their price objective on Lockheed Martin from $540.00 to $630.00 and gave the stock a “hold” rating in a research report on Sunday, February 1st. DZ Bank lowered Lockheed Martin from a “buy” rating to a “hold” rating and set a $665.00 target price on the stock. in a research report on Tuesday, February 3rd. Finally, Wall Street Zen cut Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 8th. Six research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $612.50.

Lockheed Martin Stock Performance

LMT opened at $641.47 on Friday. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $669.75. The firm has a market capitalization of $147.59 billion, a PE ratio of 29.85, a PEG ratio of 1.17 and a beta of 0.23. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.94 and a current ratio of 1.09. The business’s 50-day simple moving average is $578.05 and its 200 day simple moving average is $508.04.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Thursday, January 29th. The aerospace company reported $5.80 earnings per share for the quarter, missing analysts’ consensus estimates of $6.33 by ($0.53). The company had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.84 billion. Lockheed Martin had a net margin of 6.69% and a return on equity of 108.53%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $7.67 earnings per share. As a group, sell-side analysts expect that Lockheed Martin Corporation 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 27th. Investors of record on Monday, March 2nd will be paid a $3.45 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $13.80 annualized dividend and a dividend yield of 2.2%. Lockheed Martin’s dividend payout ratio (DPR) is currently 64.22%.

Lockheed Martin Company Profile

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.