Wealth Advisors of Tampa Bay LLC grew its stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 40.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,570 shares of the aerospace company's stock after buying an additional 2,194 shares during the quarter. Lockheed Martin accounts for approximately 1.6% of Wealth Advisors of Tampa Bay LLC's portfolio, making the stock its 23rd largest holding. Wealth Advisors of Tampa Bay LLC's holdings in Lockheed Martin were worth $3,679,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Hikari Tsushin Inc. grew its stake in shares of Lockheed Martin by 0.3% in the fourth quarter. Hikari Tsushin Inc. now owns 31,793 shares of the aerospace company's stock worth $15,449,000 after purchasing an additional 90 shares during the last quarter. PAX Financial Group LLC boosted its stake in shares of Lockheed Martin by 17.8% during the 4th quarter. PAX Financial Group LLC now owns 616 shares of the aerospace company's stock valued at $300,000 after purchasing an additional 93 shares in the last quarter. Thoroughbred Financial Services LLC increased its position in shares of Lockheed Martin by 3.0% during the fourth quarter. Thoroughbred Financial Services LLC now owns 5,262 shares of the aerospace company's stock valued at $2,557,000 after buying an additional 155 shares during the period. Annis Gardner Whiting Capital Advisors LLC raised its stake in Lockheed Martin by 13.7% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 641 shares of the aerospace company's stock worth $312,000 after buying an additional 77 shares in the last quarter. Finally, Pitcairn Co. lifted its holdings in Lockheed Martin by 7.6% in the fourth quarter. Pitcairn Co. now owns 8,548 shares of the aerospace company's stock worth $4,154,000 after buying an additional 604 shares during the period. 74.19% of the stock is currently owned by institutional investors.
Lockheed Martin Stock Down 4.9 %
Shares of Lockheed Martin stock traded down $22.06 on Friday, reaching $432.72. The company's stock had a trading volume of 2,391,049 shares, compared to its average volume of 1,220,992. The company has a market capitalization of $101.50 billion, a price-to-earnings ratio of 19.44, a P/E/G ratio of 2.07 and a beta of 0.39. 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 Co. has a 52 week low of $419.70 and a 52 week high of $618.95. The firm's fifty day simple moving average is $451.38 and its two-hundred day simple moving average is $506.03.
Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 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%. Equities analysts anticipate that Lockheed Martin Co. will post 27.15 earnings per share for the current year.
Lockheed Martin Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 3rd were issued a $3.30 dividend. This represents a $13.20 annualized dividend and a yield of 3.05%. The ex-dividend date was Monday, March 3rd. Lockheed Martin's dividend payout ratio is currently 59.30%.
Insiders Place Their Bets
In other Lockheed Martin news, VP Harry Edward Paul III sold 707 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total value of $312,925.27. Following the transaction, the vice president now directly 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the company's stock in a transaction dated 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 directly owns 2,000 shares of the company's stock, valued at $884,840. The trade was 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 valued at $3,155,916. Company insiders own 0.17% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on the company. Royal Bank of Canada downgraded Lockheed Martin from an "outperform" rating to a "sector perform" rating and reduced their target price for the stock from $550.00 to $480.00 in a report on Thursday, March 27th. StockNews.com downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a report on Tuesday. Truist Financial assumed coverage on Lockheed Martin in a research report on Tuesday, January 14th. They set a "buy" rating and a $579.00 price objective for the company. Deutsche Bank Aktiengesellschaft downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating and reduced their target price for the stock from $611.00 to $523.00 in a research report on Thursday, January 2nd. Finally, Bank of America cut shares of Lockheed Martin from a "buy" rating to a "neutral" rating and lowered their price target for the company from $685.00 to $485.00 in a research report on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $539.53.
Read Our Latest Report on LMT
About Lockheed Martin
(
Free Report)
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.
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