Lineweaver Wealth Advisors LLC Has $2.31 Million Position in Lockheed Martin Co. (NYSE:LMT)

Lineweaver Wealth Advisors LLC raised its stake in Lockheed Martin Co. (NYSE:LMT - Free Report) by 17.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,731 shares of the aerospace company's stock after acquiring an additional 718 shares during the period. Lineweaver Wealth Advisors LLC's holdings in Lockheed Martin were worth $2,308,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. abrdn plc lifted its holdings in shares of Lockheed Martin by 14.8% during the third quarter. abrdn plc now owns 21,036 shares of the aerospace company's stock worth $12,240,000 after purchasing an additional 2,707 shares during the period. Nicholas Hoffman & Company LLC. increased its stake in shares of Lockheed Martin by 3.3% during the third quarter. Nicholas Hoffman & Company LLC. now owns 3,014 shares of the aerospace company's stock worth $1,762,000 after acquiring an additional 95 shares during the period. Childress Capital Advisors LLC lifted its position in Lockheed Martin by 3.9% in the third quarter. Childress Capital Advisors LLC now owns 823 shares of the aerospace company's stock valued at $481,000 after purchasing an additional 31 shares during the period. Avitas Wealth Management LLC boosted its holdings in Lockheed Martin by 1.0% in the 3rd quarter. Avitas Wealth Management LLC now owns 5,285 shares of the aerospace company's stock valued at $3,089,000 after purchasing an additional 51 shares in the last quarter. Finally, Walter & Keenan Wealth Management LLC IN ADV increased its position in Lockheed Martin by 1.4% during the 3rd quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 1,629 shares of the aerospace company's stock worth $952,000 after purchasing an additional 23 shares during the period. Hedge funds and other institutional investors own 74.19% of the company's stock.

Lockheed Martin Trading Up 0.8 %

Shares of LMT traded up $3.73 during mid-day trading on Friday, reaching $450.19. The company had a trading volume of 1,432,091 shares, compared to its average volume of 1,574,859. The stock has a market cap 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. 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 firm has a fifty day simple moving average of $465.79 and a 200-day simple moving average of $525.10. Lockheed Martin Co. has a fifty-two week low of $419.70 and a fifty-two week high of $618.95.

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

Lockheed Martin Announces Dividend

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

Insider Activity at Lockheed Martin

In other news, VP Harry Edward Paul III sold 707 shares of the business's stock in a transaction on Wednesday, February 26th. The stock was 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 of the company's stock, valued at approximately $1,008,265.58. The trade was a 23.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the stock in a transaction 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 sale, the insider now owns 2,000 shares of the company's stock, valued at $884,840. This trade represents a 61.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,133 shares of company stock valued at $3,155,916 in the last quarter. Insiders own 0.17% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Morgan Stanley lowered their price target on shares of 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. UBS Group lowered their target price on shares of Lockheed Martin from $527.00 to $508.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 29th. Citigroup dropped their target price on shares of Lockheed Martin from $700.00 to $600.00 and set a "buy" rating for the company in a report on Tuesday, January 21st. Barclays decreased their price target on Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating on the stock in a research note on Monday, January 6th. Finally, Susquehanna reduced their price objective on Lockheed Martin from $590.00 to $550.00 and set a "positive" rating for the company in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $553.67.

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.