Daiwa Securities Group Inc. Purchases 1,644 Shares of Lockheed Martin Co. (NYSE:LMT)

Daiwa Securities Group Inc. lifted its holdings in Lockheed Martin Co. (NYSE:LMT - Free Report) by 6.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,970 shares of the aerospace company's stock after purchasing an additional 1,644 shares during the quarter. Daiwa Securities Group Inc.'s holdings in Lockheed Martin were worth $13,592,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of LMT. Proficio Capital Partners LLC raised its stake in shares of Lockheed Martin by 53,784.3% in the fourth quarter. Proficio Capital Partners LLC now owns 1,235,568 shares of the aerospace company's stock worth $600,412,000 after purchasing an additional 1,233,275 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Lockheed Martin by 17.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,471,071 shares of the aerospace company's stock valued at $3,630,492,000 after acquiring an additional 1,132,461 shares during the last quarter. Van ECK Associates Corp increased its position in Lockheed Martin by 1,239.6% during the fourth quarter. Van ECK Associates Corp now owns 548,237 shares of the aerospace company's stock valued at $266,410,000 after acquiring an additional 507,312 shares during the last quarter. Wellington Management Group LLP increased its position in Lockheed Martin by 8.5% during the third quarter. Wellington Management Group LLP now owns 3,074,855 shares of the aerospace company's stock valued at $1,797,437,000 after acquiring an additional 240,306 shares during the last quarter. Finally, FMR LLC increased its position in Lockheed Martin by 6.6% during the third quarter. FMR LLC now owns 3,389,025 shares of the aerospace company's stock valued at $1,981,088,000 after acquiring an additional 209,591 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company's stock.

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Lockheed Martin Price Performance

Shares of NYSE:LMT traded down $9.77 during mid-day trading on Tuesday, reaching $469.40. The stock had a trading volume of 1,456,763 shares, compared to its average volume of 1,120,436. 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 company has a market cap of $110.49 billion, a P/E ratio of 21.09, a price-to-earnings-growth ratio of 2.07 and a beta of 0.43. Lockheed Martin Co. has a 1 year low of $419.70 and a 1 year high of $618.95. The business's 50 day moving average price is $462.46 and its 200 day moving average price is $520.20.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, topping 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%. Research analysts expect that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be given a $3.30 dividend. The ex-dividend date is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.81%. Lockheed Martin's dividend payout ratio is currently 59.30%.

Insider Buying and Selling

In other Lockheed Martin news, 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 transaction of $1,421,495.46. Following the sale, the insider now directly owns 2,000 shares in the company, valued at $884,840. This 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 at this link. Also, VP Harry Edward Paul III sold 707 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The shares were 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 trade represents a 23.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,133 shares of company stock worth $3,155,916. Corporate insiders own 0.17% of the company's stock.

Analyst Upgrades and Downgrades

LMT has been the subject of a number of research reports. Wells Fargo & Company reiterated an "equal weight" rating on shares of Lockheed Martin in a research report on Monday. Royal Bank of Canada cut their price target on Lockheed Martin from $570.00 to $550.00 and set an "outperform" rating for the company in a report on Wednesday, January 29th. Barclays cut their price target on Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating for the company in a report on Monday, January 6th. Truist Financial assumed coverage on Lockheed Martin in a report on Tuesday, January 14th. They set a "buy" rating and a $579.00 price target for the company. Finally, Citigroup cut their price target on Lockheed Martin from $700.00 to $600.00 and set a "buy" rating for the company in a report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Lockheed Martin has an average rating of "Moderate Buy" and a consensus price target 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.