Lockheed Martin Co. (NYSE:LMT) Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC raised its position in shares of Lockheed Martin Co. (NYSE:LMT) by 11.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 411,206 shares of the aerospace company’s stock after purchasing an additional 42,130 shares during the period. HighTower Advisors LLC owned 0.17% of Lockheed Martin worth $199,822,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LMT. Assetmark Inc. boosted its stake in Lockheed Martin by 1.3% during the 3rd quarter. Assetmark Inc. now owns 1,470 shares of the aerospace company’s stock valued at $859,000 after purchasing an additional 19 shares during the period. Baker Avenue Asset Management LP boosted its stake in Lockheed Martin by 130.2% during the 3rd quarter. Baker Avenue Asset Management LP now owns 1,411 shares of the aerospace company’s stock valued at $825,000 after purchasing an additional 798 shares during the period. Crossmark Global Holdings Inc. raised its position in shares of Lockheed Martin by 77.8% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 7,113 shares of the aerospace company’s stock worth $4,158,000 after buying an additional 3,113 shares in the last quarter. Nations Financial Group Inc. IA ADV raised its position in shares of Lockheed Martin by 13.6% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 3,432 shares of the aerospace company’s stock worth $2,007,000 after buying an additional 412 shares in the last quarter. Finally, WCM Investment Management LLC raised its position in shares of Lockheed Martin by 317.3% during the 3rd quarter. WCM Investment Management LLC now owns 3,585 shares of the aerospace company’s stock worth $2,088,000 after buying an additional 2,726 shares in the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Price Performance

LMT opened at $469.40 on Wednesday. The stock has a fifty day moving average price of $462.46 and a 200 day moving average price of $520.20. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a 1 year low of $419.70 and a 1 year high of $618.95. The stock has a market cap of $110.49 billion, a price-to-earnings ratio of 21.09, a PEG ratio of 2.07 and a beta of 0.43.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, beating 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%. Analysts forecast that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be given a dividend of $3.30 per share. The ex-dividend date is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a yield of 2.81%. Lockheed Martin’s payout ratio is currently 59.30%.

Analyst Ratings Changes

A number of research firms have commented on LMT. Citigroup dropped their price target on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. UBS Group dropped 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 report on Wednesday, January 29th. JPMorgan Chase & Co. dropped their target price on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Barclays dropped their target price on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. Finally, Truist Financial began coverage on shares of Lockheed Martin in a report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 target price on the stock. One equities 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $554.20.

Insiders Place Their Bets

In other news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total value of $1,421,495.46. Following the completion of the sale, the insider now directly owns 2,000 shares of the company’s stock, valued at approximately $884,840. This represents a 61.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Harry Edward Paul III sold 707 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total value of $312,925.27. Following the completion of the sale, the vice president now directly owns 2,278 shares of the company’s stock, valued at $1,008,265.58. This represents a 23.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,133 shares of company stock valued at $3,155,916 over the last 90 days. 0.17% of the stock is currently owned by company 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.