Lockheed Martin Co. (NYSE:LMT) Shares Bought by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC grew its position in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 18,850.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,685 shares of the aerospace company's stock after purchasing an additional 5,655 shares during the period. New Age Alpha Advisors LLC's holdings in Lockheed Martin were worth $2,763,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in LMT. Virtue Capital Management LLC boosted its holdings in shares of Lockheed Martin by 112.8% in the 3rd quarter. Virtue Capital Management LLC now owns 2,249 shares of the aerospace company's stock worth $1,315,000 after purchasing an additional 1,192 shares during the period. Hilltop Holdings Inc. boosted its stake in Lockheed Martin by 79.9% during the third quarter. Hilltop Holdings Inc. now owns 12,068 shares of the aerospace company's stock worth $7,054,000 after buying an additional 5,361 shares during the period. Kentucky Retirement Systems Insurance Trust Fund increased its position in Lockheed Martin by 51.7% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 9,528 shares of the aerospace company's stock valued at $4,630,000 after acquiring an additional 3,247 shares during the last quarter. Capital Investment Advisors LLC raised its stake in shares of Lockheed Martin by 2.2% in the fourth quarter. Capital Investment Advisors LLC now owns 92,131 shares of the aerospace company's stock valued at $44,770,000 after acquiring an additional 2,011 shares during the period. Finally, Brady Martz Wealth Solutions LLC bought a new stake in shares of Lockheed Martin in the 4th quarter worth about $1,266,000. 74.19% of the stock is owned by institutional investors.

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Lockheed Martin Stock Up 0.9 %

Shares of Lockheed Martin stock traded up $4.11 during trading on Wednesday, reaching $452.75. The company's stock had a trading volume of 340,561 shares, compared to its average volume of 1,634,262. Lockheed Martin Co. has a 1-year low of $419.70 and a 1-year high of $618.95. The company has a 50-day simple moving average of $454.45 and a two-hundred day simple moving average of $508.19. 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 $106.57 billion, a price-to-earnings ratio of 20.34, a P/E/G ratio of 2.07 and a beta of 0.43.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted 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 net margin of 7.51% and a return on equity of 101.47%. As a group, equities analysts forecast that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 3rd were paid a $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend was Monday, March 3rd. Lockheed Martin's payout ratio is 59.30%.

Analysts Set New Price Targets

A number of research firms recently weighed in on LMT. Truist Financial began coverage on shares of Lockheed Martin in a research report on Tuesday, January 14th. They issued a "buy" rating and a $579.00 price objective on the stock. Wells Fargo & Company reiterated an "equal weight" rating on shares of Lockheed Martin in a report on Monday, March 10th. Melius Research downgraded Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. StockNews.com downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Tuesday. Finally, Morgan Stanley cut their price target on shares of Lockheed Martin from $555.00 to $525.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $539.53.

Insider Activity at Lockheed Martin

In other news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the company'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 sale, the insider now owns 2,000 shares in the company, valued at $884,840. This represents a 61.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Harry Edward Paul III sold 707 shares of Lockheed Martin stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total value of $312,925.27. Following the transaction, the vice president now owns 2,278 shares of the company's stock, 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 have sold a total of 7,133 shares of company stock worth $3,155,916 over the last quarter. Insiders own 0.17% of the company's stock.

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.