Rheos Capital Works Inc. Sells 24,900 Shares of Lockheed Martin Co. (NYSE:LMT)

Rheos Capital Works Inc. decreased its holdings in Lockheed Martin Co. (NYSE:LMT - Free Report) by 50.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 24,200 shares of the aerospace company's stock after selling 24,900 shares during the period. Rheos Capital Works Inc.'s holdings in Lockheed Martin were worth $11,760,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Itau Unibanco Holding S.A. bought a new position in shares of Lockheed Martin in the third quarter worth about $26,000. Burkett Financial Services LLC acquired a new position in Lockheed Martin during the 3rd quarter worth approximately $32,000. Capital Performance Advisors LLP bought a new position in Lockheed Martin in the 3rd quarter valued at approximately $40,000. Heck Capital Advisors LLC acquired a new stake in Lockheed Martin in the fourth quarter valued at approximately $35,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of Lockheed Martin during the third quarter worth $42,000. Institutional investors and hedge funds own 74.19% of the company's stock.

Lockheed Martin Trading Down 0.3 %

NYSE LMT traded down $1.42 during trading hours on Tuesday, hitting $454.00. 1,233,692 shares of the company's stock were exchanged, compared to its average volume of 1,442,073. Lockheed Martin Co. has a 1-year low of $413.92 and a 1-year high of $618.95. 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 50-day simple moving average of $490.97 and a 200 day simple moving average of $537.18. The firm has a market cap of $106.87 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 2.96 and a beta of 0.48.

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 net margin of 7.51% and a return on equity of 101.47%. On average, equities analysts forecast that Lockheed Martin Co. will post 27.29 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be paid a $3.30 dividend. The ex-dividend date of this dividend is 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%.

Analysts Set New Price Targets

Several research firms recently weighed in on LMT. Barclays cut their price objective on Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating on the stock in a report on Monday, January 6th. TD Cowen boosted their price target on Lockheed Martin from $560.00 to $610.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. Truist Financial assumed coverage on shares of Lockheed Martin in a report on Tuesday, January 14th. They issued a "buy" rating and a $579.00 price objective for the company. Citigroup reduced their target price 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. Finally, Susquehanna cut their price target on shares of Lockheed Martin from $590.00 to $550.00 and set a "positive" rating on the stock in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Lockheed Martin presently has a consensus rating of "Moderate Buy" and an average target price of $555.60.

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.