Cetera Investment Advisers Has $89.70 Million Stock Holdings in Lockheed Martin Corporation (NYSE:LMT)

Key Points

• Cetera Investment Advisers increased its holdings in Lockheed Martin by 6.3% in the first quarter, owning 200,812 shares valued at approximately $89.7 million.
• Lockheed Martin reported $7.29 earnings per share for the most recent quarter, exceeding analysts' expectations of $6.57, and had a revenue of $18.16 billion.
• The company’s quarterly dividend of $3.30 will be paid on September 26th, providing an annualized yield of 3.13% with a payout ratio of 74.32%.

Cetera Investment Advisers grew its position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 6.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 200,812 shares of the aerospace company's stock after buying an additional 11,932 shares during the quarter. Cetera Investment Advisers owned approximately 0.09% of Lockheed Martin worth $89,704,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. TruNorth Capital Management LLC bought a new stake in Lockheed Martin during the first quarter worth about $31,000. Heck Capital Advisors LLC acquired a new position in shares of Lockheed Martin during the fourth quarter worth approximately $35,000. Redwood Park Advisors LLC acquired a new position in shares of Lockheed Martin during the fourth quarter worth approximately $40,000. Banque Transatlantique SA bought a new position in Lockheed Martin in the 4th quarter worth approximately $43,000. Finally, EQ Wealth Advisors LLC bought a new position in Lockheed Martin in the 1st quarter worth approximately $43,000. 74.19% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

LMT has been the topic of several research reports. Vertical Research reaffirmed a "hold" rating and set a $460.00 price objective on shares of Lockheed Martin in a report on Tuesday, July 22nd. Morgan Stanley raised Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price objective on the stock in a report on Wednesday, April 16th. Truist Financial downgraded Lockheed Martin from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $554.00 to $440.00 in a report on Wednesday, July 23rd. Wall Street Zen downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a report on Saturday. Finally, JPMorgan Chase & Co. cut their price objective on shares of Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. Fifteen equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $506.65.

Lockheed Martin Stock Performance

NYSE LMT traded up $2.69 during trading on Monday, reaching $423.86. The company's stock had a trading volume of 1,086,972 shares, compared to its average volume of 1,665,760. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47. The firm has a market capitalization of $98.96 billion, a price-to-earnings ratio of 23.84, a price-to-earnings-growth ratio of 1.48 and a beta of 0.28. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $618.95. The firm has a 50 day moving average price of $465.80 and a 200 day moving average price of $462.62.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.57 by $0.72. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The firm had revenue of $18.16 billion during the quarter, compared to the consensus estimate of $18.59 billion. During the same quarter in the previous year, the firm posted $7.11 EPS. The business's revenue for the quarter was up .2% compared to the same quarter last year. As a group, equities analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 2nd will be issued a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio (DPR) is presently 74.32%.

Lockheed Martin Company 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.