AGF Management Ltd. reduced its position in Lockheed Martin Co. (NYSE:LMT - Free Report) by 25.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,283 shares of the aerospace company's stock after selling 2,164 shares during the quarter. AGF Management Ltd.'s holdings in Lockheed Martin were worth $3,053,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Virtue Capital Management LLC grew its stake in Lockheed Martin by 112.8% in the third quarter. Virtue Capital Management LLC now owns 2,249 shares of the aerospace company's stock valued at $1,315,000 after purchasing an additional 1,192 shares during the last quarter. Bank of Montreal Can grew its stake in Lockheed Martin by 2.1% in the third quarter. Bank of Montreal Can now owns 656,807 shares of the aerospace company's stock valued at $382,498,000 after purchasing an additional 13,253 shares during the last quarter. Hilltop Holdings Inc. grew its stake in Lockheed Martin by 79.9% in the third quarter. Hilltop Holdings Inc. now owns 12,068 shares of the aerospace company's stock valued at $7,054,000 after purchasing an additional 5,361 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund grew its stake in Lockheed Martin by 51.7% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 9,528 shares of the aerospace company's stock valued at $4,630,000 after purchasing an additional 3,247 shares during the last quarter. Finally, Capital Investment Advisors LLC grew its stake in Lockheed Martin by 2.2% in the fourth quarter. Capital Investment Advisors LLC now owns 92,131 shares of the aerospace company's stock valued at $44,770,000 after purchasing an additional 2,011 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors.
Lockheed Martin Stock Performance
Shares of Lockheed Martin stock traded up $6.40 on Thursday, reaching $467.90. 1,159,152 shares of the stock were exchanged, compared to its average volume of 1,122,710. Lockheed Martin Co. has a twelve month low of $419.70 and a twelve month high of $618.95. The firm has a market capitalization of $110.14 billion, a price-to-earnings ratio of 21.02, a PEG ratio of 2.07 and a beta of 0.43. The business has a 50 day moving average price of $461.68 and a two-hundred day moving average price of $519.43. 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 (NYSE:LMT - Get Free Report) last announced its quarterly earnings results 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%. Analysts anticipate that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.
Lockheed Martin Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be issued a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin's payout ratio is presently 59.30%.
Insider Buying and Selling at Lockheed Martin
In other 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 transaction of $312,925.27. Following the completion of the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total value 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. The trade was a 61.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,133 shares of company stock valued at $3,155,916. 0.17% of the stock is owned by company insiders.
Analysts Set New Price Targets
Several equities analysts have issued reports on LMT shares. JPMorgan Chase & Co. cut their target price on Lockheed Martin from $540.00 to $535.00 and set an "overweight" rating on the stock in a research note on Thursday, January 30th. 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 note on Wednesday, January 29th. Wells Fargo & Company restated an "equal weight" rating on shares of Lockheed Martin in a research note on Monday. StockNews.com lowered Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Friday, January 31st. Finally, Truist Financial started coverage on Lockheed Martin in a research note on Tuesday, January 14th. They set a "buy" rating and a $579.00 price target on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Lockheed Martin currently has an average rating of "Moderate Buy" and a consensus price target of $554.20.
View Our Latest Report on LMT
Lockheed Martin Company Profile
(
Free Report)
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.
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