MGO One Seven LLC Raises Holdings in Lockheed Martin Co. (NYSE:LMT)

MGO One Seven LLC raised its holdings in Lockheed Martin Co. (NYSE:LMT - Free Report) by 15.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,714 shares of the aerospace company's stock after purchasing an additional 1,172 shares during the quarter. MGO One Seven LLC's holdings in Lockheed Martin were worth $4,235,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Millstone Evans Group LLC acquired a new position in shares of Lockheed Martin in the 4th quarter worth approximately $32,000. Mizuho Securities Co. Ltd. acquired a new position in Lockheed Martin during the fourth quarter worth $34,000. Heck Capital Advisors LLC purchased a new position in shares of Lockheed Martin during the fourth quarter worth $35,000. Redwood Park Advisors LLC purchased a new position 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. Institutional investors and hedge funds own 74.19% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on LMT shares. Susquehanna lowered their target price on Lockheed Martin from $590.00 to $550.00 and set a "positive" rating for the company in a report on Wednesday, January 29th. Wells Fargo & Company lowered their price objective on shares of Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Truist Financial started coverage on shares of Lockheed Martin in a report on Tuesday, January 14th. They set a "buy" rating and a $579.00 target price on the stock. Melius downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. Finally, Citigroup reduced their price objective on Lockheed Martin from $700.00 to $600.00 and set a "buy" rating on the stock in a research note on Tuesday, January 21st. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $544.79.

Insider Activity 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 sale, the insider now owns 2,000 shares in the company, valued at $884,840. This represents a 61.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Harry Edward Paul III sold 707 shares of Lockheed Martin stock in a transaction on 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 owns 2,278 shares in the company, 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 a total of 7,133 shares of company stock valued at $3,155,916 in the last three months. 0.14% of the stock is currently owned by company insiders.

Lockheed Martin Trading Up 0.3 %

LMT opened at $463.66 on Thursday. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. Lockheed Martin Co. has a one year low of $418.88 and a one year high of $618.95. The company has a market cap of $108.76 billion, a P/E ratio of 20.83, a PEG ratio of 2.07 and a beta of 0.39. The business's 50-day simple moving average is $453.93 and its 200-day simple moving average is $494.28.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, beating the consensus estimate of $6.34 by $0.94. The company had revenue of $17.96 billion for the quarter, compared to analyst estimates of $17.83 billion. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. As a group, equities research analysts expect that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 3rd were given a $3.30 dividend. The ex-dividend date was Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a yield of 2.85%. Lockheed Martin's dividend payout ratio (DPR) is presently 57.02%.

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.

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