Brown Brothers Harriman & Co. Grows Stock Position in Lockheed Martin Co. (NYSE:LMT)

Brown Brothers Harriman & Co. grew its position in Lockheed Martin Co. (NYSE:LMT - Free Report) by 34.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,291 shares of the aerospace company's stock after purchasing an additional 2,913 shares during the quarter. Brown Brothers Harriman & Co.'s holdings in Lockheed Martin were worth $5,487,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of LMT. Virtue Capital Management LLC grew its holdings in Lockheed Martin by 112.8% during the third quarter. Virtue Capital Management LLC now owns 2,249 shares of the aerospace company's stock worth $1,315,000 after buying an additional 1,192 shares in the last quarter. Hilltop Holdings Inc. grew its stake in shares of Lockheed Martin by 79.9% in the 3rd quarter. Hilltop Holdings Inc. now owns 12,068 shares of the aerospace company's stock worth $7,054,000 after acquiring an additional 5,361 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund lifted its position in shares of Lockheed Martin by 51.7% during 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 in the last quarter. Capital Investment Advisors LLC boosted its holdings in Lockheed Martin by 2.2% during the fourth quarter. Capital Investment Advisors LLC now owns 92,131 shares of the aerospace company's stock worth $44,770,000 after purchasing an additional 2,011 shares during the last quarter. Finally, Brady Martz Wealth Solutions LLC bought a new stake in Lockheed Martin in the 4th quarter worth about $1,266,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

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Lockheed Martin Stock Performance

NYSE:LMT traded up $4.61 during mid-day trading on Wednesday, hitting $453.25. 387,693 shares of the company traded hands, compared to its average volume of 1,206,623. Lockheed Martin Co. has a one year low of $419.70 and a one year high of $618.95. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. The firm has a market cap of $106.69 billion, a price-to-earnings ratio of 20.35, a price-to-earnings-growth ratio of 2.07 and a beta of 0.43. The stock's fifty day moving average price is $454.45 and its 200-day moving average price is $508.19.

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 the consensus estimate 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 anticipate that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 3rd were issued a dividend of $3.30 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $13.20 annualized dividend and a yield of 2.91%. Lockheed Martin's payout ratio is presently 59.30%.

Insider Buying and Selling

In other Lockheed Martin news, VP Harry Edward Paul III sold 707 shares of the business'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 owns 2,278 shares in the company, valued at $1,008,265.58. The trade was a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the firm'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 transaction of $1,421,495.46. Following the transaction, the insider now directly 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 disclosure for this sale can be found here. Insiders sold a total of 7,133 shares of company stock worth $3,155,916 over the last three months. 0.17% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on LMT. Barclays decreased their price objective on shares of Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating for the company in a report on Monday, January 6th. Melius Research cut shares of Lockheed Martin from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. UBS Group decreased 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. Truist Financial assumed coverage on shares of Lockheed Martin in a research report on Tuesday, January 14th. They set a "buy" rating and a $579.00 target price for the company. Finally, Wells Fargo & Company reissued an "equal weight" rating on shares of Lockheed Martin in a research note on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $539.53.

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.