Miller Financial Services LLC Makes New $272,000 Investment in Lockheed Martin Co. (NYSE:LMT)

Miller Financial Services LLC purchased a new stake in Lockheed Martin Co. (NYSE:LMT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 559 shares of the aerospace company's stock, valued at approximately $272,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Itau Unibanco Holding S.A. acquired a new stake in Lockheed Martin during the third quarter worth approximately $26,000. Heck Capital Advisors LLC acquired a new stake in Lockheed Martin during the fourth quarter worth approximately $35,000. Capital Performance Advisors LLP acquired a new stake in Lockheed Martin during the third quarter worth approximately $40,000. Legacy Investment Solutions LLC acquired a new stake in Lockheed Martin during the third quarter worth approximately $42,000. Finally, Sugar Maple Asset Management LLC acquired a new stake in Lockheed Martin in the fourth quarter valued at approximately $47,000. Institutional investors and hedge funds own 74.19% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on LMT shares. Morgan Stanley decreased their price objective on Lockheed Martin from $555.00 to $525.00 and set an "equal weight" rating for the company in a report on Wednesday, January 29th. Truist Financial started coverage on Lockheed Martin in a report on Tuesday, January 14th. They set a "buy" rating and a $579.00 price objective for the company. Susquehanna decreased their price objective on Lockheed Martin from $590.00 to $550.00 and set a "positive" rating for the company in a report on Wednesday, January 29th. Citigroup decreased their price objective on Lockheed Martin from $700.00 to $600.00 and set a "buy" rating for the company in a report on Tuesday, January 21st. Finally, UBS Group cut their target price on Lockheed Martin from $527.00 to $508.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Lockheed Martin has a consensus rating of "Moderate Buy" and a consensus price target of $554.20.

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Insiders Place Their Bets

In related news, VP Harry Edward Paul III sold 707 shares of the stock in a transaction dated Wednesday, February 26th. The stock was 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 directly owns 2,278 shares in the company, valued at $1,008,265.58. This represents a 23.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the stock in a transaction dated 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 of the company's stock, valued at $884,840. This 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 in the last ninety days. 0.17% of the stock is currently owned by insiders.

Lockheed Martin Stock Performance

Shares of NYSE:LMT traded down $9.77 during midday trading on Tuesday, reaching $469.40. 1,456,763 shares of the company traded hands, compared to its average volume of 1,120,436. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a 12 month low of $419.70 and a 12 month high of $618.95. The firm has a market capitalization of $110.49 billion, a price-to-earnings ratio of 21.09, a price-to-earnings-growth ratio of 2.07 and a beta of 0.43. The firm's fifty day moving average price is $462.46 and its two-hundred day moving average price is $520.20.

Lockheed Martin (NYSE:LMT - Get Free Report) last released 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 return on equity of 101.47% and a net margin of 7.51%. On average, equities analysts expect that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The firm 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. 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 dividend payout ratio is currently 59.30%.

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.