Lockheed Martin Co. (NYSE:LMT) Shares Purchased by Nvest Financial LLC

Nvest Financial LLC grew its holdings in Lockheed Martin Co. (NYSE:LMT - Free Report) by 43.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,598 shares of the aerospace company's stock after purchasing an additional 1,085 shares during the quarter. Nvest Financial LLC's holdings in Lockheed Martin were worth $1,748,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Foster Victor Wealth Advisors LLC boosted its position in Lockheed Martin by 23.6% during the fourth quarter. Foster Victor Wealth Advisors LLC now owns 23,300 shares of the aerospace company's stock worth $11,425,000 after acquiring an additional 4,445 shares during the last quarter. R Squared Ltd acquired a new stake in Lockheed Martin during the fourth quarter worth approximately $238,000. Fulton Breakefield Broenniman LLC boosted its position in Lockheed Martin by 6.9% during the fourth quarter. Fulton Breakefield Broenniman LLC now owns 883 shares of the aerospace company's stock worth $429,000 after acquiring an additional 57 shares during the last quarter. Moody Aldrich Partners LLC boosted its position in Lockheed Martin by 53.1% during the fourth quarter. Moody Aldrich Partners LLC now owns 577 shares of the aerospace company's stock worth $280,000 after acquiring an additional 200 shares during the last quarter. Finally, Mayflower Financial Advisors LLC boosted its position in Lockheed Martin by 9.1% during the fourth quarter. Mayflower Financial Advisors LLC now owns 3,670 shares of the aerospace company's stock worth $1,783,000 after acquiring an additional 305 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on LMT. Barclays decreased their target price on shares of Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating on the stock in a research report on Monday, January 6th. 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 research note on Wednesday. TD Cowen increased their price target on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a "buy" rating in a research note on Wednesday, October 23rd. Robert W. Baird increased their price target on shares of Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. Finally, Truist Financial started coverage on shares of 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 investment analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Lockheed Martin has a consensus rating of "Moderate Buy" and a consensus price target of $556.13.

Lockheed Martin Trading Down 0.7 %

Shares of LMT stock traded down $3.27 during mid-day trading on Wednesday, reaching $454.18. The company's stock had a trading volume of 2,396,221 shares, compared to its average volume of 1,423,813. The company's 50 day simple moving average is $497.18 and its 200-day simple moving average is $537.55. The firm has a market capitalization of $107.66 billion, a PE ratio of 16.44, a price-to-earnings-growth ratio of 4.05 and a beta of 0.48. Lockheed Martin Co. has a 12-month low of $413.92 and a 12-month high of $618.95. The company has a quick ratio of 1.12, a current ratio of 1.30 and a debt-to-equity ratio of 2.66.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, beating analysts' consensus estimates of $6.58 by $1.09. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. On average, research analysts predict that Lockheed Martin Co. will post 26.89 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be issued a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin's payout ratio is 59.30%.

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.