U S Wealth Group LLC. Takes $2.15 Million Position in Lockheed Martin Co. (NYSE:LMT)

U S Wealth Group LLC. purchased a new stake in Lockheed Martin Co. (NYSE:LMT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 4,430 shares of the aerospace company's stock, valued at approximately $2,153,000. Lockheed Martin comprises approximately 1.6% of U S Wealth Group LLC.'s investment portfolio, making the stock its 27th largest position.

A number of other hedge funds have also modified their holdings of the business. Proficio Capital Partners LLC boosted its holdings in Lockheed Martin by 53,784.3% during the 4th quarter. Proficio Capital Partners LLC now owns 1,235,568 shares of the aerospace company's stock valued at $600,412,000 after acquiring an additional 1,233,275 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Lockheed Martin by 17.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,471,071 shares of the aerospace company's stock worth $3,630,492,000 after purchasing an additional 1,132,461 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Lockheed Martin by 1,239.6% during the fourth quarter. Van ECK Associates Corp now owns 548,237 shares of the aerospace company's stock worth $266,410,000 after purchasing an additional 507,312 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Lockheed Martin by 17.5% in the fourth quarter. Invesco Ltd. now owns 2,131,928 shares of the aerospace company's stock valued at $1,035,989,000 after purchasing an additional 318,007 shares during the period. Finally, Strategic Financial Concepts LLC purchased a new stake in Lockheed Martin during the 4th quarter worth approximately $77,376,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on LMT shares. Wells Fargo & Company decreased their price target on shares of Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating for the company in a research report on Tuesday. Truist Financial assumed coverage on Lockheed Martin in a report on Tuesday, January 14th. They issued a "buy" rating and a $579.00 target price for the company. Royal Bank of Canada lowered Lockheed Martin from an "outperform" rating to a "sector perform" rating and reduced their price target for the company from $550.00 to $480.00 in a research report on Thursday, March 27th. Deutsche Bank Aktiengesellschaft downgraded Lockheed Martin from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $611.00 to $523.00 in a research report on Thursday, January 2nd. Finally, Citigroup reduced 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 investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Lockheed Martin has an average rating of "Hold" and a consensus target price of $536.60.

Lockheed Martin Stock Performance

LMT traded up $3.19 on Thursday, reaching $465.43. The company had a trading volume of 1,031,749 shares, compared to its average volume of 1,234,713. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a 1 year low of $418.88 and a 1 year high of $618.95. The stock has a market capitalization of $109.18 billion, a PE ratio of 20.85, a P/E/G ratio of 2.07 and a beta of 0.39. The stock has a 50-day moving average price of $449.42 and a 200-day moving average price of $502.21.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. As a group, research analysts forecast that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors 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 yield of 2.84%. Lockheed Martin's dividend payout ratio (DPR) is 59.30%.

Insider Buying and Selling

In related news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total transaction of $1,421,495.46. Following the completion of the sale, the insider now directly owns 2,000 shares of the company's stock, valued at $884,840. This trade represents a 61.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Harry Edward Paul III sold 707 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were 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 directly owns 2,278 shares in the company, valued at $1,008,265.58. This represents a 23.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,133 shares of company stock worth $3,155,916 in the last 90 days. Company insiders own 0.17% of the company's stock.

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.