Townsquare Capital LLC Acquires 1,454 Shares of Lockheed Martin Co. (NYSE:LMT)

Townsquare Capital LLC boosted its position in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 7.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,772 shares of the aerospace company's stock after purchasing an additional 1,454 shares during the period. Townsquare Capital LLC's holdings in Lockheed Martin were worth $10,094,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LMT. Millstone Evans Group LLC bought a new position in shares of Lockheed Martin in the fourth quarter valued at approximately $32,000. Mizuho Securities Co. Ltd. bought a new position in Lockheed Martin in the 4th quarter valued at $34,000. Heck Capital Advisors LLC acquired a new position in Lockheed Martin in the fourth quarter worth $35,000. Redwood Park Advisors LLC bought a new stake in shares of Lockheed Martin during the fourth quarter worth $40,000. Finally, Runnymede Capital Advisors Inc. acquired a new stake in shares of Lockheed Martin in the fourth quarter valued at $42,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Lockheed Martin

In related news, 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 transaction of $1,421,495.46. Following the completion of the transaction, the insider now owns 2,000 shares in the company, valued at approximately $884,840. This represents a 61.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction, the vice president now owns 2,278 shares of the company's stock, valued at approximately $1,008,265.58. This represents a 23.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,133 shares of company stock valued at $3,155,916 over the last three months. Company insiders own 0.17% of the company's stock.

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Lockheed Martin Trading Up 0.1 %

Shares of LMT stock traded up $0.54 on Monday, reaching $475.44. The company had a trading volume of 1,079,090 shares, compared to its average volume of 1,238,997. The company has a 50-day moving average of $450.55 and a 200-day moving average of $499.42. 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 stock has a market cap of $111.53 billion, a PE ratio of 21.36, a PEG ratio of 2.07 and a beta of 0.39. Lockheed Martin Co. has a 12 month low of $418.88 and a 12 month high of $618.95.

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

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 3rd were issued a $3.30 dividend. The ex-dividend date was Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.78%. Lockheed Martin's dividend payout ratio (DPR) is 59.30%.

Analysts Set New Price Targets

Several research analysts recently issued reports on LMT shares. Truist Financial started coverage on shares of Lockheed Martin in a research report on Tuesday, January 14th. They set a "buy" rating and a $579.00 price target on the stock. Bank of America cut shares of Lockheed Martin from a "buy" rating to a "neutral" rating and decreased their price target for the company from $685.00 to $485.00 in a research note on Monday, March 24th. Royal Bank of Canada lowered shares of Lockheed Martin from an "outperform" rating to a "sector perform" rating and lowered their price target for the company from $550.00 to $480.00 in a report on Thursday, March 27th. Susquehanna reduced their price objective on Lockheed Martin from $590.00 to $550.00 and set a "positive" rating on the stock in a report on Wednesday, January 29th. Finally, Barclays lowered their target price on Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating for the company in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $536.60.

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.