809 Shares in Lockheed Martin Co. (NYSE:LMT) Purchased by Petros Family Wealth LLC

Petros Family Wealth LLC acquired a new stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 809 shares of the aerospace company's stock, valued at approximately $393,000.

Other large investors have also recently made changes to their positions in the company. Morse Asset Management Inc increased its position in shares of Lockheed Martin by 1.0% during the third quarter. Morse Asset Management Inc now owns 3,058 shares of the aerospace company's stock worth $1,788,000 after acquiring an additional 31 shares during the period. XTX Topco Ltd purchased a new stake in shares of Lockheed Martin in the 3rd quarter worth $447,000. Tudor Financial Inc. purchased a new stake in shares of Lockheed Martin in the 3rd quarter worth $557,000. Anchor Investment Management LLC grew its position in shares of Lockheed Martin by 8.4% during the 3rd quarter. Anchor Investment Management LLC now owns 4,125 shares of the aerospace company's stock worth $2,411,000 after buying an additional 320 shares in the last quarter. Finally, Fulcrum Equity Management increased its stake in shares of Lockheed Martin by 4.7% during the third quarter. Fulcrum Equity Management now owns 900 shares of the aerospace company's stock valued at $526,000 after buying an additional 40 shares during the period. 74.19% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, VP Harry Edward Paul III sold 707 shares of Lockheed Martin stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total transaction of $312,925.27. Following the sale, the vice president now owns 2,278 shares in the company, valued at approximately $1,008,265.58. The trade was a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $442.42, for a total value of $1,421,495.46. Following the completion of the sale, the insider now directly owns 2,000 shares of the company's stock, valued at $884,840. The trade was a 61.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,133 shares of company stock worth $3,155,916 in the last 90 days. Corporate insiders own 0.17% of the company's stock.

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Analysts Set New Price Targets

LMT has been the subject of several research reports. Melius Research downgraded shares of Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Deutsche Bank Aktiengesellschaft cut Lockheed Martin from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $611.00 to $523.00 in a research note on Thursday, January 2nd. JPMorgan Chase & Co. cut their target price on Lockheed Martin from $540.00 to $535.00 and set an "overweight" rating on the stock in a research note on Thursday, January 30th. Morgan Stanley decreased their price target on shares of Lockheed Martin from $555.00 to $525.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 29th. Finally, Barclays decreased their target price on shares of Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating for the company in a research report on Monday, January 6th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $536.60.

Lockheed Martin Trading Up 0.1 %

NYSE LMT traded up $0.54 during trading hours on Monday, reaching $475.44. The company had a trading volume of 1,079,090 shares, compared to its average volume of 1,238,997. Lockheed Martin Co. has a 1-year low of $418.88 and a 1-year high of $618.95. The stock has a market capitalization of $111.53 billion, a P/E ratio of 21.36, a price-to-earnings-growth ratio of 2.07 and a beta of 0.39. The stock has a 50-day moving average of $450.03 and a 200 day moving average of $500.17. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10.

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

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 3rd were issued a $3.30 dividend. The ex-dividend date was Monday, March 3rd. This represents a $13.20 annualized dividend and a yield of 2.78%. Lockheed Martin's dividend payout ratio (DPR) is 59.30%.

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.