Transce3nd LLC Acquires New Holdings in Lockheed Martin Co. (NYSE:LMT)

Transce3nd LLC bought a new stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,032 shares of the aerospace company's stock, valued at approximately $986,000.

A number of other hedge funds also recently made changes to their positions in the stock. Morse Asset Management Inc increased its position in Lockheed Martin by 1.0% during the 3rd quarter. Morse Asset Management Inc now owns 3,058 shares of the aerospace company's stock valued at $1,788,000 after purchasing an additional 31 shares during the period. Tudor Financial Inc. acquired a new position in Lockheed Martin in the third quarter valued at approximately $557,000. Anchor Investment Management LLC grew its position in Lockheed Martin by 8.4% during the third quarter. Anchor Investment Management LLC now owns 4,125 shares of the aerospace company's stock valued at $2,411,000 after buying an additional 320 shares during the period. Fulcrum Equity Management grew its holdings in Lockheed Martin by 4.7% in the third quarter. Fulcrum Equity Management now owns 900 shares of the aerospace company's stock valued at $526,000 after purchasing an additional 40 shares during the period. Finally, Sculati Wealth Management LLC acquired a new position in Lockheed Martin during the third quarter worth $258,000. 74.19% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LMT. Wells Fargo & Company lowered their price target on shares of Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Bank of America cut shares of Lockheed Martin from a "buy" rating to a "neutral" rating and cut their target price for the company from $685.00 to $485.00 in a report on Monday, March 24th. Truist Financial initiated coverage on shares of Lockheed Martin in a research note on Tuesday, January 14th. They issued a "buy" rating and a $579.00 price objective for the company. StockNews.com cut shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Tuesday, April 1st. Finally, Royal Bank of Canada lowered Lockheed Martin from an "outperform" rating to a "sector perform" rating and decreased their price target for the stock from $550.00 to $480.00 in a research note on Thursday, March 27th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Lockheed Martin has a consensus rating of "Hold" and a consensus target price of $539.93.

Lockheed Martin Stock Up 0.7 %

NYSE LMT traded up $3.35 during trading hours on Tuesday, hitting $461.68. 2,856,026 shares of the company traded hands, compared to its average volume of 1,252,582. The stock has a market capitalization of $108.30 billion, a price-to-earnings ratio of 20.74, a P/E/G ratio of 2.07 and a beta of 0.39. The business's 50-day moving average is $452.57 and its 200-day moving average is $494.72. Lockheed Martin Co. has a twelve month low of $418.88 and a twelve 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 issued its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, beating the consensus estimate of $6.34 by $0.94. The company had revenue of $17.96 billion during the quarter, compared to analysts' expectations of $17.83 billion. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. Sell-side analysts anticipate that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The company also recently declared 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 of this dividend was Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.86%. Lockheed Martin's dividend payout ratio (DPR) is currently 59.30%.

Insider Buying and Selling at Lockheed Martin

In other news, VP Harry Edward Paul III sold 707 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total value of $312,925.27. Following the completion of the transaction, the vice president now directly 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the stock in a transaction on 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 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. Over the last quarter, insiders have sold 7,133 shares of company stock valued at $3,155,916. 0.14% of the stock is currently owned by insiders.

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.