Lockheed Martin Co. (NYSE:LMT) Shares Acquired by Motiv8 Investments LLC

Motiv8 Investments LLC grew its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 21.0% in the 4th quarter, HoldingsChannel reports. The firm owned 2,006 shares of the aerospace company’s stock after acquiring an additional 348 shares during the quarter. Motiv8 Investments LLC’s holdings in Lockheed Martin were worth $975,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. abrdn plc boosted its position in Lockheed Martin by 14.8% during the third quarter. abrdn plc now owns 21,036 shares of the aerospace company’s stock valued at $12,240,000 after purchasing an additional 2,707 shares during the last quarter. Nicholas Hoffman & Company LLC. raised its holdings in shares of Lockheed Martin by 3.3% during the 3rd quarter. Nicholas Hoffman & Company LLC. now owns 3,014 shares of the aerospace company’s stock valued at $1,762,000 after purchasing an additional 95 shares in the last quarter. Childress Capital Advisors LLC lifted its stake in shares of Lockheed Martin by 3.9% in the 3rd quarter. Childress Capital Advisors LLC now owns 823 shares of the aerospace company’s stock valued at $481,000 after purchasing an additional 31 shares during the last quarter. Avitas Wealth Management LLC increased its position in Lockheed Martin by 1.0% during the third quarter. Avitas Wealth Management LLC now owns 5,285 shares of the aerospace company’s stock worth $3,089,000 after buying an additional 51 shares during the last quarter. Finally, Walter & Keenan Wealth Management LLC IN ADV raised its holdings in Lockheed Martin by 1.4% during the third quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 1,629 shares of the aerospace company’s stock valued at $952,000 after buying an additional 23 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Trading Down 1.5 %

LMT opened at $441.56 on Thursday. Lockheed Martin Co. has a twelve month low of $419.70 and a twelve month high of $618.95. The firm has a market cap of $103.94 billion, a PE ratio of 19.84, a price-to-earnings-growth ratio of 2.07 and a beta of 0.48. 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 firm’s fifty day moving average is $467.23 and its two-hundred day moving average is $526.63.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 anticipate that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be issued a $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 2.99%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s dividend payout ratio (DPR) is presently 59.30%.

Analysts Set New Price Targets

LMT has been the subject of several analyst reports. Morgan Stanley reduced their target price on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. 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 report on Wednesday, January 29th. Truist Financial began coverage on shares of Lockheed Martin in a research note on Tuesday, January 14th. They issued a “buy” rating and a $579.00 target price on the stock. Susquehanna reduced their price target on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating on the stock in a research report on Wednesday, January 29th. Finally, UBS Group decreased their price target on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $553.67.

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.