QRG Capital Management Inc. Has $24.32 Million Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

QRG Capital Management Inc. grew its position in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 6.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,042 shares of the aerospace company's stock after buying an additional 2,823 shares during the period. QRG Capital Management Inc.'s holdings in Lockheed Martin were worth $24,317,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of LMT. Geode Capital Management LLC boosted its holdings in Lockheed Martin by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 4,827,645 shares of the aerospace company's stock valued at $2,816,898,000 after purchasing an additional 83,997 shares during the period. FMR LLC raised its position in shares of Lockheed Martin by 6.6% in the third quarter. FMR LLC now owns 3,389,025 shares of the aerospace company's stock valued at $1,981,088,000 after buying an additional 209,591 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Lockheed Martin by 8.5% in the third quarter. Wellington Management Group LLP now owns 3,074,855 shares of the aerospace company's stock valued at $1,797,437,000 after buying an additional 240,306 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Lockheed Martin by 0.9% in the fourth quarter. Bank of New York Mellon Corp now owns 1,743,757 shares of the aerospace company's stock valued at $847,361,000 after buying an additional 15,085 shares during the period. Finally, Proficio Capital Partners LLC grew its position in Lockheed Martin by 53,784.3% during the fourth quarter. Proficio Capital Partners LLC now owns 1,235,568 shares of the aerospace company's stock worth $600,412,000 after buying an additional 1,233,275 shares in the last quarter. Institutional investors own 74.19% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on LMT. Barclays dropped their price objective on Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating for the company in a report on Monday, January 6th. Royal Bank of Canada dropped their price target 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. Deutsche Bank Aktiengesellschaft downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $611.00 to $523.00 in a research note on Thursday, January 2nd. JPMorgan Chase & Co. reduced their price target on shares of Lockheed Martin from $540.00 to $535.00 and set an "overweight" rating on the stock in a research report on Thursday, January 30th. Finally, Truist Financial began coverage on shares of Lockheed Martin in a research report on Tuesday, January 14th. They set a "buy" rating and a $579.00 price objective for the company. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Lockheed Martin currently has an average rating of "Moderate Buy" and a consensus target price of $553.67.

Insider Buying and Selling

In other news, VP Harry Edward Paul III sold 707 shares of the 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 sale, the vice president now directly owns 2,278 shares in the company, valued at $1,008,265.58. This represents a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of Lockheed Martin 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 completion of the transaction, the insider now directly owns 2,000 shares of the company's stock, valued at approximately $884,840. This trade represents a 61.63 % 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. Insiders own 0.17% of the company's stock.

Lockheed Martin Trading Up 0.8 %

Lockheed Martin stock traded up $3.73 during trading hours on Friday, hitting $450.19. The stock had a trading volume of 1,432,091 shares, compared to its average volume of 1,574,859. The stock has a market cap of $105.97 billion, a price-to-earnings ratio of 20.22, a P/E/G ratio of 2.07 and a beta of 0.48. 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 business's 50 day simple moving average is $465.79 and its 200-day simple moving average is $525.10. Lockheed Martin Co. has a one year low of $419.70 and a one year high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its earnings results 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%. On average, equities analysts predict that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be issued a $3.30 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a yield of 2.93%. Lockheed Martin's payout ratio 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.