Lockheed Martin Co. (NYSE:LMT) Shares Sold by Flputnam Investment Management Co.

Flputnam Investment Management Co. lowered its stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 64.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,179 shares of the aerospace company's stock after selling 18,622 shares during the period. Flputnam Investment Management Co.'s holdings in Lockheed Martin were worth $4,946,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in LMT. Itau Unibanco Holding S.A. acquired a new stake in Lockheed Martin in the 3rd quarter worth about $26,000. Capital Performance Advisors LLP acquired a new stake in Lockheed Martin in the 3rd quarter worth about $40,000. Heck Capital Advisors LLC acquired a new stake in Lockheed Martin in the 4th quarter worth about $35,000. Legacy Investment Solutions LLC acquired a new stake in Lockheed Martin in the 3rd quarter worth about $42,000. Finally, Vestor Capital LLC acquired a new stake in Lockheed Martin in the 3rd quarter worth about $46,000. Institutional investors and hedge funds own 74.19% of the company's stock.

Insider Transactions at Lockheed Martin

In related 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the business'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 transaction, the insider now owns 2,000 shares of the company's stock, valued at $884,840. This represents a 61.63 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,133 shares of company stock worth $3,155,916. 0.17% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on LMT. Royal Bank of Canada decreased their price target on Lockheed Martin from $570.00 to $550.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 29th. Morgan Stanley reduced their price objective on Lockheed Martin from $555.00 to $525.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 29th. Truist Financial initiated coverage on Lockheed Martin in a research note on Tuesday, January 14th. They issued a "buy" rating and a $579.00 price objective on the stock. Susquehanna reduced their price objective on Lockheed Martin from $590.00 to $550.00 and set a "positive" rating on the stock in a research note on Wednesday, January 29th. Finally, StockNews.com lowered Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $553.67.

Lockheed Martin Stock Up 0.8 %

LMT stock traded up $3.73 during midday trading on Friday, hitting $450.19. 1,432,091 shares of the company's stock were exchanged, compared to its average volume of 1,574,859. The company has a current ratio of 1.13, a quick ratio of 0.95 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 50 day moving average price of $465.79 and a 200-day moving average price of $525.10. The stock has a market capitalization of $105.97 billion, a price-to-earnings ratio of 20.22, a price-to-earnings-growth ratio of 2.07 and a beta of 0.48.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping the consensus estimate 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, analysts anticipate that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be given a $3.30 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 annualized dividend and a dividend yield of 2.93%. Lockheed Martin's payout ratio is 59.30%.

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.