Wealthedge Investment Advisors LLC Takes $265,000 Position in Lockheed Martin Co. (NYSE:LMT)

Wealthedge Investment Advisors LLC acquired a new stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 545 shares of the aerospace company's stock, valued at approximately $265,000.

Several other large investors have also made changes to their positions in LMT. Old North State Trust LLC grew its holdings in Lockheed Martin by 17.9% during the fourth 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% in the 4th quarter. Capstone Triton Financial Group LLC now owns 1,672 shares of the aerospace company's stock worth $812,000 after purchasing an additional 43 shares in the last quarter. Wood Tarver Financial Group LLC purchased a new stake in Lockheed Martin in the 4th quarter worth approximately $77,000. Copley Financial Group Inc. acquired a new stake in shares of Lockheed Martin during the 4th quarter worth approximately $1,634,000. Finally, Dogwood Wealth Management LLC increased its holdings in shares of Lockheed Martin by 44.5% during the 4th quarter. Dogwood Wealth Management LLC now owns 1,228 shares of the aerospace company's stock valued at $597,000 after purchasing an additional 378 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Price Performance

LMT stock traded up $3.68 during trading on Thursday, hitting $473.66. The stock had a trading volume of 850,929 shares, compared to its average volume of 1,295,032. Lockheed Martin Co. has a twelve month low of $418.88 and a twelve month high of $618.95. The company's 50-day moving average price is $462.47 and its two-hundred day moving average price is $475.74. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. The stock has a market capitalization of $110.98 billion, a P/E ratio of 21.28, a PEG ratio of 2.07 and a beta of 0.29.

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 (EPS) for the quarter, topping 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 firm had revenue of $17.96 billion for the quarter, compared to analyst estimates of $17.83 billion. As a group, research analysts predict that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 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 2.79%. The ex-dividend date of this dividend is Monday, June 2nd. Lockheed Martin's payout ratio is 57.02%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their target price on shares of Lockheed Martin from $540.00 to $535.00 and set an "overweight" rating for the company in a research note on Thursday, January 30th. Wall Street Zen cut shares of Lockheed Martin from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 3rd. Melius Research lowered shares of Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Morgan Stanley upgraded Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 target price on the stock in a research report on Wednesday, April 16th. Finally, Melius lowered Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. Nine analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $541.80.

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.