Price T Rowe Associates Inc. MD Has $193.16 Million Holdings in Lockheed Martin Co. (NYSE:LMT)

Price T Rowe Associates Inc. MD lessened its holdings in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 1.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 397,489 shares of the aerospace company's stock after selling 4,300 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.17% of Lockheed Martin worth $193,157,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Fayez Sarofim & Co grew its position in Lockheed Martin by 3.2% in the 4th quarter. Fayez Sarofim & Co now owns 16,642 shares of the aerospace company's stock valued at $8,087,000 after buying an additional 515 shares in the last quarter. Stifel Financial Corp raised its position in shares of Lockheed Martin by 0.8% during the 4th quarter. Stifel Financial Corp now owns 1,221,014 shares of the aerospace company's stock worth $593,429,000 after buying an additional 9,198 shares in the last quarter. WPWealth LLP lifted its stake in shares of Lockheed Martin by 67.9% in the 4th quarter. WPWealth LLP now owns 1,320 shares of the aerospace company's stock worth $642,000 after acquiring an additional 534 shares during the period. TD Waterhouse Canada Inc. boosted its holdings in shares of Lockheed Martin by 2.9% in the fourth quarter. TD Waterhouse Canada Inc. now owns 22,143 shares of the aerospace company's stock valued at $10,760,000 after acquiring an additional 623 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in shares of Lockheed Martin by 121.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 11,573 shares of the aerospace company's stock valued at $5,624,000 after acquiring an additional 6,336 shares during the period. Institutional investors 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 dated Wednesday, February 26th. The stock was 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 sale, the vice president now directly owns 2,278 shares of the company's stock, valued at $1,008,265.58. This trade represents 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 quarter. 0.14% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on LMT shares. Robert W. Baird upgraded Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 target price for the company in a research report on Wednesday, April 23rd. Truist Financial initiated coverage on Lockheed Martin in a report on Tuesday, January 14th. They issued a "buy" rating and a $579.00 price objective for the company. Royal Bank of Canada lowered Lockheed Martin from an "outperform" rating to a "sector perform" rating and lowered their target price for the stock from $550.00 to $480.00 in a report on Thursday, March 27th. Barclays cut their price target on shares of Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating for the company in a report on Monday, January 6th. Finally, Melius cut shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. Eight research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $544.79.

Lockheed Martin Stock Down 0.2 %

Shares of LMT traded down $1.14 during mid-day trading on Monday, reaching $476.50. The company's stock had a trading volume of 1,159,722 shares, compared to its average volume of 1,252,496. Lockheed Martin Co. has a 1 year low of $418.88 and a 1 year 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 company has a market cap of $111.64 billion, a price-to-earnings ratio of 21.41, a price-to-earnings-growth ratio of 2.07 and a beta of 0.39. The business has a fifty day moving average of $455.79 and a 200 day moving average of $490.90.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, topping analysts' consensus estimates of $6.34 by $0.94. The firm 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%. As a group, analysts forecast that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 3rd were paid a $3.30 dividend. The ex-dividend date was Monday, March 3rd. This represents a $13.20 annualized dividend and a yield of 2.77%. Lockheed Martin's dividend payout ratio is presently 57.02%.

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.