Leelyn Smith LLC Has $2.75 Million Holdings in Lockheed Martin Co. (NYSE:LMT)

Leelyn Smith LLC trimmed its position in Lockheed Martin Co. (NYSE:LMT) by 3.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,650 shares of the aerospace company’s stock after selling 204 shares during the quarter. Leelyn Smith LLC’s holdings in Lockheed Martin were worth $2,746,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Glass Wealth Management Co LLC raised its position in Lockheed Martin by 2.8% in the third quarter. Glass Wealth Management Co LLC now owns 9,806 shares of the aerospace company’s stock worth $5,732,000 after purchasing an additional 265 shares in the last quarter. TrinityPoint Wealth LLC lifted its position in shares of Lockheed Martin by 179.4% during the 3rd quarter. TrinityPoint Wealth LLC now owns 13,690 shares of the aerospace company’s stock worth $8,003,000 after buying an additional 8,791 shares during the period. Mendel Capital Management LLC boosted its stake in Lockheed Martin by 1.0% in the 3rd quarter. Mendel Capital Management LLC now owns 2,441 shares of the aerospace company’s stock valued at $1,427,000 after buying an additional 23 shares in the last quarter. First Western Trust Bank grew its position in Lockheed Martin by 13.6% in the third quarter. First Western Trust Bank now owns 2,915 shares of the aerospace company’s stock valued at $1,704,000 after acquiring an additional 350 shares during the period. Finally, Capital City Trust Co. FL raised its stake in Lockheed Martin by 4.6% during the third quarter. Capital City Trust Co. FL now owns 4,781 shares of the aerospace company’s stock worth $2,795,000 after acquiring an additional 210 shares in the last quarter. 74.19% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of Lockheed Martin stock in a transaction on 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 directly owns 2,000 shares of the company’s stock, valued at $884,840. This trade represents a 61.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available 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 completion of the sale, the vice president now owns 2,278 shares of the company’s stock, valued at approximately $1,008,265.58. This represents a 23.69 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,133 shares of company stock worth $3,155,916. Insiders own 0.17% of the company’s stock.

Lockheed Martin Stock Up 0.2 %

Shares of NYSE LMT opened at $467.32 on Tuesday. Lockheed Martin Co. has a 1 year low of $419.70 and a 1 year high of $618.95. The firm’s 50-day moving average is $461.40 and its 200-day moving average is $517.49. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. The firm has a market capitalization of $110.00 billion, a PE ratio of 20.99, a price-to-earnings-growth ratio of 2.07 and a beta of 0.43.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data 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 net margin of 7.51% and a return on equity of 101.47%. Equities analysts expect that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

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 paid a $3.30 dividend. This represents a $13.20 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s payout ratio is 59.30%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on LMT shares. Royal Bank of Canada reduced 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 note on Wednesday, January 29th. Morgan Stanley decreased their price objective on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. Truist Financial assumed 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 for the company. Deutsche Bank Aktiengesellschaft cut Lockheed Martin from a “buy” rating to a “hold” rating and dropped their price target for the company from $611.00 to $523.00 in a report on Thursday, January 2nd. Finally, Wells Fargo & Company reissued an “equal weight” rating on shares of Lockheed Martin in a research note on Monday, March 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $554.20.

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.