Synergy Asset Management LLC acquired a new stake in Lockheed Martin Co. (NYSE:LMT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 7,243 shares of the aerospace company's stock, valued at approximately $3,510,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Strategic Planning Group LLC raised its holdings in Lockheed Martin by 3.6% during the 4th quarter. Strategic Planning Group LLC now owns 8,153 shares of the aerospace company's stock valued at $3,962,000 after acquiring an additional 283 shares during the period. Baring Financial LLC purchased a new stake in Lockheed Martin in the fourth quarter valued at approximately $1,314,000. Gries Financial LLC lifted its holdings in shares of Lockheed Martin by 7.2% during the 4th quarter. Gries Financial LLC now owns 743 shares of the aerospace company's stock worth $361,000 after acquiring an additional 50 shares during the last quarter. Foster & Motley Inc. boosted its holdings in shares of Lockheed Martin by 5.7% in the 4th quarter. Foster & Motley Inc. now owns 11,331 shares of the aerospace company's stock worth $5,506,000 after purchasing an additional 614 shares in the last quarter. Finally, Strategic Blueprint LLC raised its stake in shares of Lockheed Martin by 1.6% during the fourth quarter. Strategic Blueprint LLC now owns 2,742 shares of the aerospace company's stock worth $1,333,000 after acquiring an additional 44 shares in the last quarter. 74.19% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on the stock. Barclays lowered their target price on Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating for the company in a research note on Monday, January 6th. Susquehanna dropped their target price on shares of Lockheed Martin from $590.00 to $550.00 and set a "positive" rating for the company in a report on Wednesday. Wells Fargo & Company cut their price target on shares of Lockheed Martin from $543.00 to $500.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 8th. StockNews.com lowered shares of Lockheed Martin from a "strong-buy" rating to a "buy" rating in a report on Friday, January 3rd. Finally, Truist Financial started coverage on shares of Lockheed Martin in a research note on Tuesday, January 14th. They set a "buy" rating and a $579.00 target price on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $555.80.
Check Out Our Latest Stock Analysis on Lockheed Martin
Lockheed Martin Stock Up 1.0 %
Lockheed Martin stock traded up $4.76 during mid-day trading on Thursday, reaching $459.12. The stock had a trading volume of 1,909,455 shares, compared to its average volume of 1,449,328. The company has a market capitalization of $108.83 billion, a price-to-earnings ratio of 16.62, a PEG ratio of 4.05 and a beta of 0.48. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.30 and a quick ratio of 1.12. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $618.95. The company has a 50-day moving average price of $495.56 and a two-hundred day moving average price of $536.97.
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 for the quarter, topping analysts' consensus estimates of $6.58 by $1.09. Lockheed Martin had a net margin of 9.36% and a return on equity of 101.44%. On average, analysts expect that Lockheed Martin Co. will post 26.89 EPS for the current fiscal year.
Lockheed Martin Announces Dividend
The firm 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 is Monday, March 3rd. This represents a $13.20 annualized dividend and a yield of 2.88%. Lockheed Martin's payout ratio is 47.79%.
Lockheed Martin Profile
(
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.
Further Reading
Before you consider Lockheed Martin, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lockheed Martin wasn't on the list.
While Lockheed Martin currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
