Donaldson Capital Management LLC Acquires 1,861 Shares of Lockheed Martin Co. (NYSE:LMT)

Donaldson Capital Management LLC boosted its position in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 1.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 127,132 shares of the aerospace company's stock after purchasing an additional 1,861 shares during the quarter. Lockheed Martin accounts for about 2.4% of Donaldson Capital Management LLC's investment portfolio, making the stock its 13th biggest holding. Donaldson Capital Management LLC owned about 0.05% of Lockheed Martin worth $61,778,000 at the end of the most recent reporting period.

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

Lockheed Martin Price Performance

Lockheed Martin stock traded down $9.77 during trading hours on Tuesday, reaching $469.40. 1,456,763 shares of the stock were exchanged, compared to its average volume of 1,120,436. The stock has a 50 day moving average of $462.46 and a two-hundred day moving average of $520.20. Lockheed Martin Co. has a twelve month low of $419.70 and a twelve month high of $618.95. 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.

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Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, beating analysts' consensus estimates of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. Equities analysts expect that Lockheed Martin Co. will post 27.15 EPS 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. Stockholders of record on Monday, March 3rd will be paid a $3.30 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.81%. Lockheed Martin's payout ratio is currently 59.30%.

Insider Activity

In related news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 2,000 shares in the company, valued at $884,840. This trade represents a 61.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Harry Edward Paul III sold 707 shares of the firm'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 transaction of $312,925.27. Following the completion of the transaction, the vice president now owns 2,278 shares of the company's stock, valued at approximately $1,008,265.58. This trade represents a 23.69 % decrease in their position. The disclosure for this sale can be found here. In 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.

Wall Street Analysts Forecast Growth

A number of brokerages 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. Truist Financial initiated coverage on shares of Lockheed Martin in a report on Tuesday, January 14th. They issued a "buy" rating and a $579.00 price target for the company. Morgan Stanley reduced 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 report on Wednesday, January 29th. StockNews.com cut shares of Lockheed Martin from a "buy" rating to a "hold" rating in a report on Friday, January 31st. Finally, Royal Bank of Canada dropped their price objective on shares of Lockheed Martin from $570.00 to $550.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $554.20.

Lockheed Martin 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.