Lockheed Martin Co. (NYSE:LMT) Shares Sold by Nicholas Hoffman & Company LLC.

Nicholas Hoffman & Company LLC. decreased its holdings in Lockheed Martin Co. (NYSE:LMT) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,943 shares of the aerospace company’s stock after selling 71 shares during the quarter. Nicholas Hoffman & Company LLC.’s holdings in Lockheed Martin were worth $1,430,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Americana Partners LLC raised its stake in Lockheed Martin by 177.0% during the fourth quarter. Americana Partners LLC now owns 29,600 shares of the aerospace company’s stock valued at $14,384,000 after buying an additional 18,914 shares in the last quarter. Strategic Advisors LLC raised its stake in Lockheed Martin by 2.2% during the fourth quarter. Strategic Advisors LLC now owns 2,059 shares of the aerospace company’s stock valued at $1,001,000 after buying an additional 45 shares in the last quarter. Sierra Ocean LLC acquired a new stake in Lockheed Martin during the fourth quarter valued at approximately $63,000. Monument Capital Management raised its stake in Lockheed Martin by 2.9% during the fourth quarter. Monument Capital Management now owns 1,345 shares of the aerospace company’s stock valued at $654,000 after buying an additional 38 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC raised its stake in Lockheed Martin by 3.9% during the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 8,783 shares of the aerospace company’s stock valued at $4,268,000 after buying an additional 330 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $423.15 on Monday. Lockheed Martin Co. has a 12-month low of $418.58 and a 12-month high of $618.95. The firm has a market capitalization of $99.60 billion, a price-to-earnings ratio of 19.01, a price-to-earnings-growth ratio of 2.12 and a beta of 0.48. The business has a 50 day simple moving average of $477.08 and a 200 day simple moving average of $532.83. 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 quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping 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%. On average, equities research analysts anticipate that Lockheed Martin Co. will post 27.14 EPS for the current year.

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be paid a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s payout ratio is currently 59.30%.

Wall Street Analyst Weigh In

Several analysts have issued reports on LMT shares. Royal Bank of Canada cut their price objective on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 29th. Truist Financial initiated coverage on Lockheed Martin in a research note on Tuesday, January 14th. They set a “buy” rating and a $579.00 price objective on the stock. Robert W. Baird upped their target price on Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. JPMorgan Chase & Co. lowered their target price on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Finally, StockNews.com lowered Lockheed Martin from a “buy” rating to a “hold” rating in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.