Dimensional Fund Advisors LP Buys 70,516 Shares of Lockheed Martin Co. (NYSE:LMT)

Dimensional Fund Advisors LP raised its holdings in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 5.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,274,580 shares of the aerospace company's stock after acquiring an additional 70,516 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.54% of Lockheed Martin worth $619,369,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Morse Asset Management Inc boosted its position in Lockheed Martin by 1.0% during the third quarter. Morse Asset Management Inc now owns 3,058 shares of the aerospace company's stock valued at $1,788,000 after purchasing an additional 31 shares during the last quarter. Tudor Financial Inc. bought a new position in Lockheed Martin during the third quarter valued at approximately $557,000. Anchor Investment Management LLC grew its position in Lockheed Martin by 8.4% in the third quarter. Anchor Investment Management LLC now owns 4,125 shares of the aerospace company's stock worth $2,411,000 after acquiring an additional 320 shares in the last quarter. Fulcrum Equity Management increased its stake in shares of Lockheed Martin by 4.7% during the 3rd quarter. Fulcrum Equity Management now owns 900 shares of the aerospace company's stock worth $526,000 after purchasing an additional 40 shares during the last quarter. Finally, Sculati Wealth Management LLC bought a new position in shares of Lockheed Martin during the 3rd quarter valued at $258,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Lockheed Martin

In other Lockheed Martin news, VP Harry Edward Paul III sold 707 shares of the stock in a transaction dated 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 approximately $1,008,265.58. This represents a 23.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the business's stock in a transaction dated 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 sale, the insider now owns 2,000 shares in the company, valued at approximately $884,840. This trade represents a 61.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,133 shares of company stock valued at $3,155,916. Company insiders own 0.14% of the company's stock.

Lockheed Martin Trading Up 0.7 %

NYSE LMT traded up $3.35 during trading hours on Tuesday, hitting $461.68. The company's stock had a trading volume of 2,855,560 shares, compared to its average volume of 1,252,493. The stock has a fifty day moving average of $452.57 and a 200 day moving average of $494.72. The firm has a market capitalization of $108.30 billion, a P/E ratio of 20.74, a PEG ratio of 2.07 and a beta of 0.39. Lockheed Martin Co. has a twelve month low of $418.88 and a twelve month high of $618.95. 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 posted its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.34 by $0.94. The company had revenue of $17.96 billion during the quarter, compared to analyst estimates of $17.83 billion. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. Equities research analysts forecast that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 3rd were issued a dividend of $3.30 per share. The ex-dividend date was Monday, March 3rd. This represents a $13.20 annualized dividend and a yield of 2.86%. Lockheed Martin's dividend payout ratio is presently 59.30%.

Wall Street Analysts Forecast Growth

LMT has been the topic of several research reports. Royal Bank of Canada downgraded shares of Lockheed Martin from an "outperform" rating to a "sector perform" rating and dropped their price objective for the stock from $550.00 to $480.00 in a report on Thursday, March 27th. Truist Financial assumed coverage on Lockheed Martin in a research note on Tuesday, January 14th. They issued a "buy" rating and a $579.00 target price for the company. Bank of America cut shares of Lockheed Martin from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $685.00 to $485.00 in a research note on Monday, March 24th. Wells Fargo & Company dropped their price target on shares of Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. lowered their price objective on Lockheed Martin from $540.00 to $535.00 and set an "overweight" rating on the stock in a research note on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $539.93.

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.