Savvy Advisors Inc. Has $1.25 Million Stock Position in Lockheed Martin Co. (NYSE:LMT)

Savvy Advisors Inc. lifted its position in Lockheed Martin Co. (NYSE:LMT - Free Report) by 196.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,580 shares of the aerospace company's stock after buying an additional 1,710 shares during the period. Savvy Advisors Inc.'s holdings in Lockheed Martin were worth $1,254,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Millstone Evans Group LLC acquired a new position in shares of Lockheed Martin during the fourth quarter worth $32,000. Mizuho Securities Co. Ltd. purchased a new position in Lockheed Martin during the 4th quarter worth $34,000. Heck Capital Advisors LLC acquired a new position in Lockheed Martin during the 4th quarter valued at about $35,000. Redwood Park Advisors LLC purchased a new stake in Lockheed Martin in the fourth quarter valued at about $40,000. Finally, Runnymede Capital Advisors Inc. acquired a new stake in Lockheed Martin in the fourth quarter worth about $42,000. Institutional investors own 74.19% of the company's stock.

Insider Activity at Lockheed Martin

In other Lockheed Martin news, VP Harry Edward Paul III sold 707 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total value of $312,925.27. Following the transaction, the vice president now directly owns 2,278 shares of the company's stock, valued at $1,008,265.58. This trade represents a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the stock in a transaction dated 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 owns 2,000 shares of the company's stock, valued at approximately $884,840. This trade represents a 61.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,133 shares of company stock valued at $3,155,916 over the last quarter. Insiders own 0.17% of the company's stock.

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Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Truist Financial assumed coverage on shares of Lockheed Martin in a research report on Tuesday, January 14th. They set a "buy" rating and a $579.00 target price on the stock. Citigroup reduced their target price on Lockheed Martin from $700.00 to $600.00 and set a "buy" rating for the company in a research note on Tuesday, January 21st. Melius Research lowered Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. StockNews.com lowered Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Tuesday, April 1st. Finally, UBS Group cut their price objective on Lockheed Martin from $527.00 to $508.00 and set a "neutral" rating for the company in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $536.60.

Lockheed Martin Stock Performance

Shares of LMT stock traded down $3.08 during mid-day trading on Tuesday, hitting $472.26. 95,903 shares of the stock were exchanged, compared to its average volume of 1,234,709. The stock's fifty day simple moving average is $450.55 and its two-hundred day simple moving average is $499.42. The stock has a market capitalization of $110.78 billion, a price-to-earnings ratio of 21.21, a P/E/G ratio of 2.07 and a beta of 0.39. Lockheed Martin Co. has a 12-month low of $418.88 and a 12-month high of $618.95. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13.

Lockheed Martin (NYSE:LMT - Get Free Report) last released 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, analysts forecast that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 3rd were given a $3.30 dividend. The ex-dividend date was Monday, March 3rd. This represents a $13.20 annualized dividend and a dividend yield of 2.80%. Lockheed Martin's dividend payout ratio is currently 59.30%.

Lockheed Martin 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.