Lockheed Martin Co. (NYSE:LMT) Shares Sold by Wealth Alliance

Wealth Alliance lessened its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 4.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,945 shares of the aerospace company’s stock after selling 145 shares during the quarter. Wealth Alliance’s holdings in Lockheed Martin were worth $1,431,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Emerald Advisors LLC boosted its holdings in Lockheed Martin by 4.7% in the 4th quarter. Emerald Advisors LLC now owns 2,033 shares of the aerospace company’s stock worth $988,000 after acquiring an additional 91 shares during the period. Bryn Mawr Capital Management LLC boosted its holdings in Lockheed Martin by 932.0% in the 4th quarter. Bryn Mawr Capital Management LLC now owns 21,900 shares of the aerospace company’s stock worth $10,642,000 after acquiring an additional 19,778 shares during the period. Private Advisor Group LLC boosted its holdings in Lockheed Martin by 11.0% in the 4th quarter. Private Advisor Group LLC now owns 51,253 shares of the aerospace company’s stock worth $24,906,000 after acquiring an additional 5,075 shares during the period. Alberta Investment Management Corp purchased a new position in Lockheed Martin in the 4th quarter worth approximately $7,453,000. Finally, Semus Wealth Partners LLC boosted its holdings in Lockheed Martin by 19.0% in the 4th quarter. Semus Wealth Partners LLC now owns 659 shares of the aerospace company’s stock worth $320,000 after acquiring an additional 105 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Shares of LMT opened at $432.68 on Thursday. The business’s fifty day moving average price is $472.21 and its 200 day moving average price is $530.35. Lockheed Martin Co. has a 12-month low of $419.70 and a 12-month high of $618.95. The stock has a market capitalization of $101.85 billion, a PE ratio of 19.44, a price-to-earnings-growth ratio of 2.00 and a beta of 0.48. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, topping the consensus estimate of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. Equities research analysts forecast that Lockheed Martin Co. will post 27.14 EPS for the current year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be given a $3.30 dividend. The ex-dividend date is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 3.05%. Lockheed Martin’s dividend payout ratio (DPR) is 59.30%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. TD Cowen increased their target price on Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft cut Lockheed Martin from a “buy” rating to a “hold” rating and reduced their target price for the company from $611.00 to $523.00 in a research note on Thursday, January 2nd. Truist Financial assumed coverage on Lockheed Martin in a research note on Tuesday, January 14th. They set a “buy” rating and a $579.00 target price for the company. Royal Bank of Canada reduced their target price on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating for the company in a research note on Wednesday, January 29th. Finally, Barclays reduced their target price on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $555.60.

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.