Lockheed Martin Co. (NYSE:LMT) Shares Acquired by Amundi

Amundi grew its holdings in Lockheed Martin Co. (NYSE:LMT) by 5.6% during the 4th quarter, Holdings Channel reports. The firm owned 22,132 shares of the aerospace company’s stock after buying an additional 1,179 shares during the period. Amundi’s holdings in Lockheed Martin were worth $10,377,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of LMT. Itau Unibanco Holding S.A. acquired a new stake in shares of Lockheed Martin in the third quarter valued at approximately $26,000. Heck Capital Advisors LLC acquired a new stake in Lockheed Martin during the fourth quarter worth approximately $35,000. Legacy Investment Solutions LLC acquired a new stake in Lockheed Martin during the third quarter worth approximately $42,000. Sugar Maple Asset Management LLC acquired a new stake in Lockheed Martin during the fourth quarter worth approximately $47,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in Lockheed Martin during the fourth quarter worth approximately $52,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LMT has been the topic of a number of analyst reports. Morgan Stanley decreased their target price on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. Royal Bank of Canada decreased their target price on shares of Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 29th. StockNews.com lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. UBS Group cut their price target on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. Finally, Truist Financial assumed coverage on shares of Lockheed Martin in a research note on Tuesday, January 14th. They set a “buy” rating and a $579.00 price target on the stock. 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 company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $554.20.

Lockheed Martin Price Performance

NYSE:LMT opened at $467.07 on Friday. The stock has a market cap of $109.94 billion, a P/E ratio of 20.98, a PEG ratio of 2.07 and a beta of 0.43. Lockheed Martin Co. has a one year low of $419.70 and a one year high of $618.95. The company has a fifty day moving average price of $461.39 and a 200 day moving average price of $518.80. 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 announced its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. Analysts anticipate 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, 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 2.83%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s payout ratio is 59.30%.

Insider Transactions at Lockheed Martin

In other Lockheed Martin news, VP Harry Edward Paul III sold 707 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total transaction of $312,925.27. Following the sale, the vice president now owns 2,278 shares of the company’s stock, valued at $1,008,265.58. This represents a 23.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $442.42, for a total transaction of $1,421,495.46. Following the transaction, the insider now owns 2,000 shares in the company, valued at approximately $884,840. The trade was a 61.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,133 shares of company stock valued at $3,155,916. 0.17% of the stock is owned by insiders.

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.