1,971 Shares in Lockheed Martin Co. (NYSE:LMT) Bought by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC purchased a new stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,971 shares of the aerospace company's stock, valued at approximately $958,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. CFS Investment Advisory Services LLC grew its stake in Lockheed Martin by 2.0% in the fourth quarter. CFS Investment Advisory Services LLC now owns 1,091 shares of the aerospace company's stock worth $530,000 after purchasing an additional 21 shares in the last quarter. Wynn Capital LLC lifted its holdings in shares of Lockheed Martin by 1.0% in the 4th quarter. Wynn Capital LLC now owns 2,185 shares of the aerospace company's stock worth $1,062,000 after buying an additional 22 shares during the period. PBMares Wealth Management LLC grew its position in shares of Lockheed Martin by 0.6% during the 4th quarter. PBMares Wealth Management LLC now owns 3,745 shares of the aerospace company's stock worth $1,820,000 after buying an additional 22 shares in the last quarter. Nvwm LLC increased its stake in shares of Lockheed Martin by 2.5% during the fourth quarter. Nvwm LLC now owns 908 shares of the aerospace company's stock valued at $441,000 after buying an additional 22 shares during the period. Finally, Schear Investment Advisers LLC raised its holdings in shares of Lockheed Martin by 2.0% in the fourth quarter. Schear Investment Advisers LLC now owns 1,147 shares of the aerospace company's stock valued at $557,000 after acquiring an additional 22 shares in the last quarter. 74.19% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several research analysts have issued reports on LMT shares. Royal Bank of Canada cut shares of Lockheed Martin from an "outperform" rating to a "sector perform" rating and dropped their target price for the stock from $550.00 to $480.00 in a report on Thursday, March 27th. Truist Financial started coverage on shares of Lockheed Martin in a research note on Tuesday, January 14th. They issued a "buy" rating and a $579.00 price objective for the company. Barclays dropped their target price on Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating on the stock in a research report on Monday, January 6th. Morgan Stanley decreased their price target on shares of Lockheed Martin from $555.00 to $525.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 29th. Finally, StockNews.com downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Lockheed Martin has an average rating of "Hold" and an average target price of $536.60.

Lockheed Martin Stock Performance

LMT stock traded up $0.54 during midday trading on Monday, reaching $475.44. The stock had a trading volume of 1,079,090 shares, compared to its average volume of 1,238,997. The firm has a fifty day simple moving average of $450.55 and a two-hundred day simple moving average of $499.42. Lockheed Martin Co. has a 52-week low of $418.88 and a 52-week high of $618.95. 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 stock has a market cap of $111.53 billion, a PE ratio of 21.36, a P/E/G ratio of 2.07 and a beta of 0.39.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping 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%. As a group, equities research analysts anticipate that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 3rd were issued a $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 2.78%. The ex-dividend date was Monday, March 3rd. Lockheed Martin's dividend payout ratio (DPR) is currently 59.30%.

Insider Transactions at Lockheed Martin

In other Lockheed Martin news, VP Harry Edward Paul III sold 707 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total value of $312,925.27. Following the sale, the vice president now owns 2,278 shares in the company, valued at approximately $1,008,265.58. This represents a 23.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of Lockheed Martin stock in a transaction that occurred 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 approximately $884,840. This trade represents a 61.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,133 shares of company stock worth $3,155,916 over the last 90 days. 0.17% of the stock is currently owned by company insiders.

About Lockheed Martin

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.