Proficio Capital Partners LLC increased its holdings in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 53,784.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,235,568 shares of the aerospace company's stock after purchasing an additional 1,233,275 shares during the quarter. Proficio Capital Partners LLC owned 0.52% of Lockheed Martin worth $600,412,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. abrdn plc grew its position in Lockheed Martin by 14.8% in the third quarter. abrdn plc now owns 21,036 shares of the aerospace company's stock valued at $12,240,000 after acquiring an additional 2,707 shares in the last quarter. Nicholas Hoffman & Company LLC. grew its position in Lockheed Martin by 3.3% in the third quarter. Nicholas Hoffman & Company LLC. now owns 3,014 shares of the aerospace company's stock valued at $1,762,000 after acquiring an additional 95 shares in the last quarter. Childress Capital Advisors LLC grew its position in Lockheed Martin by 3.9% in the third quarter. Childress Capital Advisors LLC now owns 823 shares of the aerospace company's stock valued at $481,000 after acquiring an additional 31 shares in the last quarter. Avitas Wealth Management LLC grew its position in Lockheed Martin by 1.0% in the third quarter. Avitas Wealth Management LLC now owns 5,285 shares of the aerospace company's stock valued at $3,089,000 after acquiring an additional 51 shares in the last quarter. Finally, Walter & Keenan Wealth Management LLC IN ADV grew its position in Lockheed Martin by 1.4% in the third quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 1,629 shares of the aerospace company's stock valued at $952,000 after acquiring an additional 23 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company's stock.
Lockheed Martin Stock Performance
LMT traded up $3.73 during trading hours on Friday, hitting $450.19. 1,432,091 shares of the stock were exchanged, compared to its average volume of 1,574,859. The stock has a 50-day simple moving average of $465.79 and a 200-day simple moving average of $525.10. Lockheed Martin Co. has a 12 month low of $419.70 and a 12 month high of $618.95. The stock has a market cap of $105.97 billion, a price-to-earnings ratio of 20.22, a price-to-earnings-growth ratio of 2.07 and a beta of 0.48. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95.
Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping 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%. Analysts anticipate that Lockheed Martin Co. will post 27.15 earnings per share for the current year.
Lockheed Martin Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be paid a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date is Monday, March 3rd. Lockheed Martin's payout ratio is 59.30%.
Analyst Ratings Changes
Several analysts have issued reports on LMT shares. Susquehanna lowered their price objective on shares of Lockheed Martin from $590.00 to $550.00 and set a "positive" rating for the company in a research report on Wednesday, January 29th. StockNews.com cut Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Friday, January 31st. Royal Bank of Canada reduced their target price on Lockheed Martin from $570.00 to $550.00 and set an "outperform" rating for the company in a research note on Wednesday, January 29th. Wells Fargo & Company reduced their target price on Lockheed Martin from $497.00 to $468.00 and set an "equal weight" rating for the company in a research note on Wednesday. Finally, Truist Financial began coverage on Lockheed Martin in a research note on Tuesday, January 14th. They set a "buy" rating and a $579.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $553.67.
Check Out Our Latest Analysis on Lockheed Martin
Insider Buying and Selling at Lockheed Martin
In other Lockheed Martin news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the firm's stock in a transaction on 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 directly owns 2,000 shares in the company, valued at approximately $884,840. This trade represents a 61.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Harry Edward Paul III sold 707 shares of the firm's stock in a transaction 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 completion of the sale, the vice president now owns 2,278 shares in the company, valued at $1,008,265.58. The trade was a 23.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,133 shares of company stock worth $3,155,916. 0.17% of the stock is owned by insiders.
About Lockheed Martin
(
Free Report)
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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