Lockheed Martin Co. (NYSE:LMT) Shares Bought by Farther Finance Advisors LLC

Farther Finance Advisors LLC grew its holdings in Lockheed Martin Co. (NYSE:LMT - Free Report) by 20.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 5,843 shares of the aerospace company's stock after buying an additional 1,010 shares during the period. Farther Finance Advisors LLC's holdings in Lockheed Martin were worth $2,839,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Itau Unibanco Holding S.A. purchased a new position in Lockheed Martin during the third quarter worth about $26,000. Heck Capital Advisors LLC acquired a new position in Lockheed Martin during the 4th quarter worth approximately $35,000. Legacy Investment Solutions LLC purchased a new position in shares of Lockheed Martin during the 3rd quarter worth approximately $42,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Lockheed Martin in the 4th quarter valued at approximately $47,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Lockheed Martin in the fourth quarter valued at approximately $52,000. Institutional investors and hedge funds own 74.19% of the company's stock.

Insiders Place Their Bets

In other Lockheed Martin news, 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 value of $1,421,495.46. Following the transaction, the insider now owns 2,000 shares in the company, valued at $884,840. The trade was a 61.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Harry Edward Paul III sold 707 shares of the company's stock in a transaction dated Wednesday, February 26th. The shares were 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 directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,133 shares of company stock worth $3,155,916 in the last 90 days. 0.17% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on LMT shares. Wells Fargo & Company reiterated an "equal weight" rating on shares of Lockheed Martin in a research report on Monday. Morgan Stanley cut 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 report on Wednesday, January 29th. Citigroup decreased their price objective on shares of Lockheed Martin from $700.00 to $600.00 and set a "buy" rating on the stock in a report on Tuesday, January 21st. Susquehanna dropped their target price on shares of Lockheed Martin from $590.00 to $550.00 and set a "positive" rating for the company in a report on Wednesday, January 29th. Finally, Truist Financial began coverage on Lockheed Martin in a research note on Tuesday, January 14th. They set a "buy" rating and a $579.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $554.20.

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Lockheed Martin Trading Down 1.6 %

Shares of LMT stock opened at $461.47 on Thursday. The firm's 50 day moving average price is $461.97 and its two-hundred day moving average price is $519.79. Lockheed Martin Co. has a fifty-two week low of $419.70 and a fifty-two week 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. The stock has a market cap of $108.62 billion, a price-to-earnings ratio of 20.73, a price-to-earnings-growth ratio of 2.07 and a beta of 0.43.

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

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be given a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin's dividend payout ratio (DPR) is presently 59.30%.

Lockheed Martin Company 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.

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