Lockheed Martin Co. (NYSE:LMT) Shares Purchased by RWA Wealth Partners LLC

RWA Wealth Partners LLC boosted its holdings in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 41,960 shares of the aerospace company's stock after purchasing an additional 808 shares during the quarter. RWA Wealth Partners LLC's holdings in Lockheed Martin were worth $20,390,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. purchased a new position in shares of Lockheed Martin in the third quarter worth $26,000. Millstone Evans Group LLC purchased a new stake in Lockheed Martin in the 4th quarter worth $32,000. Mizuho Securities Co. Ltd. bought a new position in shares of Lockheed Martin during the 4th quarter valued at about $34,000. Heck Capital Advisors LLC bought a new position in shares of Lockheed Martin during the 4th quarter valued at about $35,000. Finally, Legacy Investment Solutions LLC purchased a new position in shares of Lockheed Martin during the third quarter valued at about $42,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on LMT. UBS Group cut their target price on shares of Lockheed Martin from $527.00 to $508.00 and set a "neutral" rating for the company in a report on Wednesday, January 29th. Truist Financial began coverage on Lockheed Martin in a research note on Tuesday, January 14th. They issued a "buy" rating and a $579.00 target price on the stock. Wells Fargo & Company restated an "equal weight" rating on shares of Lockheed Martin in a report on Monday, March 10th. Barclays dropped their price objective on shares of Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating on the stock in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Lockheed Martin from $540.00 to $535.00 and set an "overweight" rating for the company in a report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, Lockheed Martin has a consensus rating of "Hold" and an average price target of $539.53.

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Insider Buying and Selling

In other Lockheed Martin news, VP Harry Edward Paul III sold 707 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total transaction of $312,925.27. Following the completion of the transaction, the vice president now owns 2,278 shares of the company's stock, valued at $1,008,265.58. This represents a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of Lockheed Martin stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 2,000 shares in the company, valued at $884,840. This represents a 61.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,133 shares of company stock valued at $3,155,916. 0.17% of the stock is owned by corporate insiders.

Lockheed Martin Stock Performance

Lockheed Martin stock traded up $5.32 during mid-day trading on Monday, reaching $446.81. 1,689,946 shares of the company traded hands, compared to its average volume of 1,208,497. Lockheed Martin Co. has a fifty-two week low of $419.70 and a fifty-two week high of $618.95. The firm's fifty day moving average is $456.49 and its two-hundred day moving average is $509.90. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. The company has a market capitalization of $105.17 billion, a price-to-earnings ratio of 20.07, a price-to-earnings-growth ratio of 2.07 and a beta of 0.43.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 research analysts expect that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 3rd were given a dividend of $3.30 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.95%. Lockheed Martin's dividend payout ratio (DPR) 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.