Alliancebernstein L.P. Grows Position in Lockheed Martin Co. (NYSE:LMT)

Alliancebernstein L.P. raised its holdings in Lockheed Martin Co. (NYSE:LMT - Free Report) by 9.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 298,373 shares of the aerospace company's stock after acquiring an additional 24,530 shares during the period. Alliancebernstein L.P. owned about 0.13% of Lockheed Martin worth $144,991,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in LMT. CFS Investment Advisory Services LLC lifted its stake in Lockheed Martin by 2.0% in the 4th quarter. CFS Investment Advisory Services LLC now owns 1,091 shares of the aerospace company's stock valued at $530,000 after purchasing an additional 21 shares during the last quarter. Wynn Capital LLC lifted its stake in shares of Lockheed Martin by 1.0% in the 4th quarter. Wynn Capital LLC now owns 2,185 shares of the aerospace company's stock valued at $1,062,000 after acquiring an additional 22 shares during the last quarter. PBMares Wealth Management LLC boosted its holdings in shares of Lockheed Martin by 0.6% during the 4th quarter. PBMares Wealth Management LLC now owns 3,745 shares of the aerospace company's stock valued at $1,820,000 after acquiring an additional 22 shares in the last quarter. Nvwm LLC grew its position in Lockheed Martin by 2.5% during the 4th quarter. Nvwm LLC now owns 908 shares of the aerospace company's stock worth $441,000 after acquiring an additional 22 shares during the last quarter. Finally, Schear Investment Advisers LLC increased its holdings in Lockheed Martin by 2.0% in the 4th quarter. Schear Investment Advisers LLC now owns 1,147 shares of the aerospace company's stock worth $557,000 after purchasing an additional 22 shares in the last quarter. Institutional investors own 74.19% of the company's stock.

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Wall Street Analyst Weigh In

Several research firms have recently weighed in on LMT. Bank of America cut Lockheed Martin from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $685.00 to $485.00 in a report on Monday, March 24th. Morgan Stanley decreased 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 research report on Wednesday, January 29th. Truist Financial initiated coverage on shares of Lockheed Martin in a research note on Tuesday, January 14th. They set a "buy" rating and a $579.00 price target for the company. Citigroup reduced their price objective on shares of Lockheed Martin from $700.00 to $600.00 and set a "buy" rating on the stock in a research note on Tuesday, January 21st. Finally, Melius lowered Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, Lockheed Martin has a consensus rating of "Hold" and a consensus target price of $539.53.

Lockheed Martin Trading Up 0.3 %

LMT traded up $1.21 during trading on Thursday, hitting $454.08. The company's stock had a trading volume of 1,813,627 shares, compared to its average volume of 1,213,905. The firm has a market capitalization of $106.52 billion, a P/E ratio of 20.40, a PEG ratio of 2.07 and a beta of 0.39. Lockheed Martin Co. has a twelve month low of $419.70 and a twelve month high of $618.95. The stock's fifty day moving average price is $453.52 and its 200-day moving average price is $507.80. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) 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%. 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 was paid on Friday, March 28th. Stockholders of record on Monday, March 3rd were paid a $3.30 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $13.20 annualized dividend and a dividend yield of 2.91%. Lockheed Martin's dividend payout ratio is presently 59.30%.

Insider Activity at Lockheed Martin

In related news, VP Harry Edward Paul III sold 707 shares of Lockheed Martin stock in a transaction 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 completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $442.42, for a total transaction 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 7,133 shares of company stock valued at $3,155,916 in the last three months. Corporate insiders own 0.17% of the company's stock.

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.