Financial Planning Hawaii Inc. Invests $1.98 Million in Lockheed Martin Corporation $LMT

Key Points

• Financial Planning Hawaii Inc. bought a new stake of 4,091 shares in Lockheed Martin valued at about $1.98 million, representing roughly 1.1% of the fund's portfolio and its 22nd largest holding.
• Lockheed Martin's most recent quarter missed EPS (reported $5.80 vs. $6.33 expected) while revenue of $20.32 billion beat estimates and rose 9.1% year-over-year.
• Analyst sentiment is mixed — the consensus rating is Hold with an average price target of $623.16 (7 Buys, 13 Holds, 1 Sell).

Financial Planning Hawaii Inc. bought a new stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,091 shares of the aerospace company's stock, valued at approximately $1,979,000. Lockheed Martin accounts for about 1.1% of Financial Planning Hawaii Inc.'s investment portfolio, making the stock its 22nd biggest position.

Other hedge funds have also recently made changes to their positions in the company. United Financial Planning Group LLC bought a new stake in Lockheed Martin during the 3rd quarter valued at about $25,000. Barnes Dennig Private Wealth Management LLC grew its stake in Lockheed Martin by 285.7% in the 3rd quarter. Barnes Dennig Private Wealth Management LLC now owns 54 shares of the aerospace company's stock worth $27,000 after acquiring an additional 40 shares in the last quarter. Grey Fox Wealth Advisors LLC purchased a new position in shares of Lockheed Martin during the third quarter worth approximately $27,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Lockheed Martin during the second quarter valued at approximately $29,000. Finally, Beacon Financial Strategies CORP bought a new stake in shares of Lockheed Martin during the fourth quarter valued at approximately $34,000. 74.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LMT has been the topic of several research analyst reports. Wall Street Zen cut Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research note on Sunday, March 22nd. Morgan Stanley set a $675.00 target price on Lockheed Martin in a report on Wednesday, February 4th. Weiss Ratings raised shares of Lockheed Martin from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, March 23rd. DZ Bank lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating and set a $665.00 price target for the company. in a report on Tuesday, February 3rd. Finally, Royal Bank Of Canada increased their price objective on shares of Lockheed Martin from $615.00 to $650.00 and gave the company a "sector perform" rating in a research note on Friday, January 30th. Seven investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Lockheed Martin currently has an average rating of "Hold" and an average target price of $623.16.

Lockheed Martin Price Performance

Shares of LMT opened at $596.97 on Tuesday. The company has a 50 day moving average of $633.74 and a two-hundred day moving average of $538.74. The company has a market cap of $137.58 billion, a price-to-earnings ratio of 27.78, a price-to-earnings-growth ratio of 1.11 and a beta of 0.22. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 3.05. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $692.00.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings data on Thursday, January 29th. The aerospace company reported $5.80 EPS for the quarter, missing the consensus estimate of $6.33 by ($0.53). Lockheed Martin had a net margin of 6.69% and a return on equity of 108.53%. The business had revenue of $20.32 billion for the quarter, compared to analysts' expectations of $19.84 billion. During the same quarter in the prior year, the company posted $7.67 EPS. The business's revenue for the quarter was up 9.1% on a year-over-year basis. As a group, analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 2nd were paid a $3.45 dividend. The ex-dividend date was Monday, March 2nd. This represents a $13.80 dividend on an annualized basis and a yield of 2.3%. Lockheed Martin's dividend payout ratio (DPR) is 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.

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