Tamar Securities LLC increased its holdings in Lockheed Martin Co. (NYSE:LMT - Free Report) by 3.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 37,634 shares of the aerospace company's stock after acquiring an additional 1,151 shares during the quarter. Lockheed Martin makes up 2.5% of Tamar Securities LLC's portfolio, making the stock its 16th biggest position. Tamar Securities LLC's holdings in Lockheed Martin were worth $18,288,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Virtue Capital Management LLC increased its position in shares of Lockheed Martin by 112.8% in the 3rd quarter. Virtue Capital Management LLC now owns 2,249 shares of the aerospace company's stock worth $1,315,000 after purchasing an additional 1,192 shares during the last quarter. Bank of Montreal Can increased its holdings in Lockheed Martin by 2.1% in the third quarter. Bank of Montreal Can now owns 656,807 shares of the aerospace company's stock valued at $382,498,000 after buying an additional 13,253 shares during the last quarter. Hilltop Holdings Inc. increased its holdings in Lockheed Martin by 79.9% in the third quarter. Hilltop Holdings Inc. now owns 12,068 shares of the aerospace company's stock valued at $7,054,000 after buying an additional 5,361 shares during the last quarter. Capital Investment Advisors LLC raised its stake in Lockheed Martin by 2.2% during the fourth quarter. Capital Investment Advisors LLC now owns 92,131 shares of the aerospace company's stock valued at $44,770,000 after buying an additional 2,011 shares in the last quarter. Finally, Old West Investment Management LLC lifted its holdings in Lockheed Martin by 6.6% during the 3rd quarter. Old West Investment Management LLC now owns 26,633 shares of the aerospace company's stock worth $15,569,000 after buying an additional 1,643 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company's stock.
Lockheed Martin Price Performance
LMT traded down $45.80 on Tuesday, reaching $457.89. The company had a trading volume of 4,017,504 shares, compared to its average volume of 1,366,171. The company has a market capitalization of $108.54 billion, a P/E ratio of 16.58, a PEG ratio of 4.05 and a beta of 0.48. The company has a current ratio of 1.30, a quick ratio of 1.12 and a debt-to-equity ratio of 2.66. The company has a fifty day moving average of $498.68 and a 200-day moving average of $537.59. Lockheed Martin Co. has a one year low of $413.92 and a one year high of $618.95.
Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, topping analysts' consensus estimates of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.44% and a net margin of 9.36%. As a group, equities research analysts anticipate that Lockheed Martin Co. will post 26.89 earnings per share for the current year.
Lockheed Martin Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be given a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a dividend yield of 2.88%. Lockheed Martin's dividend payout ratio (DPR) is 47.79%.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on the company. Wells Fargo & Company dropped their price target on Lockheed Martin from $543.00 to $500.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 8th. Royal Bank of Canada dropped their target price on shares of Lockheed Martin from $675.00 to $665.00 and set an "outperform" rating on the stock in a report on Wednesday, October 23rd. StockNews.com lowered shares of Lockheed Martin from a "strong-buy" rating to a "buy" rating in a report on Friday, January 3rd. Truist Financial started 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. Finally, Citigroup cut their target price on shares of Lockheed Martin from $700.00 to $600.00 and set a "buy" rating on the stock in a report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Lockheed Martin currently has an average rating of "Moderate Buy" and a consensus price target of $577.73.
Check Out Our Latest Report on Lockheed Martin
Lockheed Martin Company 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.
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