Centaurus Financial Inc. Has $1.18 Million Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Centaurus Financial Inc. lifted its position in Lockheed Martin Co. (NYSE:LMT - Free Report) by 79.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,435 shares of the aerospace company's stock after acquiring an additional 1,081 shares during the quarter. Centaurus Financial Inc.'s holdings in Lockheed Martin were worth $1,183,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in LMT. Wealthedge Investment Advisors LLC acquired a new position in Lockheed Martin during the 4th quarter valued at approximately $265,000. Old North State Trust LLC boosted its position in Lockheed Martin by 17.9% during the 4th quarter. Old North State Trust LLC now owns 878 shares of the aerospace company's stock worth $427,000 after acquiring an additional 133 shares during the period. Capstone Triton Financial Group LLC boosted its position in Lockheed Martin by 2.6% during the 4th quarter. Capstone Triton Financial Group LLC now owns 1,672 shares of the aerospace company's stock worth $812,000 after acquiring an additional 43 shares during the period. Wood Tarver Financial Group LLC acquired a new position in Lockheed Martin during the 4th quarter worth $77,000. Finally, Copley Financial Group Inc. acquired a new position in Lockheed Martin during the 4th quarter worth $1,634,000. Institutional investors and hedge funds own 74.19% of the company's stock.

Lockheed Martin Stock Up 0.8%

Shares of LMT stock traded up $3.68 on Thursday, reaching $473.66. 850,929 shares of the company's stock traded hands, compared to its average volume of 1,295,032. Lockheed Martin Co. has a 12-month low of $418.88 and a 12-month high of $618.95. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. The company has a market capitalization of $110.98 billion, a P/E ratio of 21.28, a price-to-earnings-growth ratio of 2.07 and a beta of 0.29. The business's 50 day moving average price is $463.25 and its two-hundred day moving average price is $475.07.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share for the quarter, beating analysts' consensus estimates of $6.34 by $0.94. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. The business had revenue of $17.96 billion for the quarter, compared to the consensus estimate of $17.83 billion. On average, equities analysts forecast that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 2nd will be paid a $3.30 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 2.79%. Lockheed Martin's dividend payout ratio (DPR) is currently 57.02%.

Analysts Set New Price Targets

LMT has been the subject of a number of analyst reports. Susquehanna reduced their price target on Lockheed Martin from $590.00 to $550.00 and set a "positive" rating for the company in a research report on Wednesday, January 29th. Robert W. Baird raised Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 price objective on the stock in a research note on Wednesday, April 23rd. 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 research note on Wednesday, April 16th. Baird R W raised Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 23rd. Finally, Melius lowered Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. Nine research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $541.80.

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.