Lockheed Martin Co. (NYSE:LMT) Shares Purchased by Davis R M Inc.

Davis R M Inc. grew its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 2.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,066 shares of the aerospace company’s stock after acquiring an additional 26 shares during the period. Davis R M Inc.’s holdings in Lockheed Martin were worth $518,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Itau Unibanco Holding S.A. acquired a new position in shares of Lockheed Martin in the 3rd quarter valued at $26,000. Heck Capital Advisors LLC purchased a new stake in Lockheed Martin during the fourth quarter valued at about $35,000. Legacy Investment Solutions LLC acquired a new position in shares of Lockheed Martin in the third quarter worth about $42,000. Sugar Maple Asset Management LLC purchased a new position in shares of Lockheed Martin in the fourth quarter worth approximately $47,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Lockheed Martin during the fourth quarter valued at approximately $52,000. 74.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on LMT shares. Citigroup lowered their price objective 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. Truist Financial started coverage on Lockheed Martin in a research report on Tuesday, January 14th. They set a “buy” rating and a $579.00 price target on the stock. Deutsche Bank Aktiengesellschaft lowered Lockheed Martin from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $611.00 to $523.00 in a research report on Thursday, January 2nd. Morgan Stanley dropped their target price on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. Finally, Royal Bank of Canada decreased their price target on shares of Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating for the company in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, six have assigned 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 an average rating of “Moderate Buy” and an average price target of $554.20.

Lockheed Martin Stock Down 2.0 %

LMT opened at $469.40 on Wednesday. The firm has a market cap of $110.49 billion, a P/E ratio of 21.09, a price-to-earnings-growth ratio of 2.07 and a beta of 0.43. 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 business has a 50 day moving average price of $462.46 and a 200 day moving average price of $520.20. Lockheed Martin Co. has a twelve month low of $419.70 and a twelve month high of $618.95.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, topping analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. Research analysts forecast that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

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

Insider Transactions at Lockheed Martin

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

Lockheed Martin 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.