US Bancorp DE Reduces Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

US Bancorp DE decreased its stake in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 3.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 152,975 shares of the aerospace company's stock after selling 5,003 shares during the quarter. US Bancorp DE owned approximately 0.06% of Lockheed Martin worth $74,337,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LMT. Fisher Asset Management LLC raised its holdings in shares of Lockheed Martin by 11.6% in the 4th quarter. Fisher Asset Management LLC now owns 7,527 shares of the aerospace company's stock valued at $3,658,000 after purchasing an additional 785 shares in the last quarter. Maripau Wealth Management LLC bought a new stake in shares of Lockheed Martin in the 4th quarter valued at about $322,000. Sage Investment Counsel LLC bought a new stake in shares of Lockheed Martin in the 4th quarter valued at about $279,000. SVB Wealth LLC purchased a new position in shares of Lockheed Martin in the 4th quarter worth approximately $2,197,000. Finally, Fortress Financial Group LLC purchased a new position in shares of Lockheed Martin in the 4th quarter worth approximately $205,000. Institutional investors own 74.19% of the company's stock.

Lockheed Martin Stock Performance

Shares of LMT stock traded up $3.73 during trading hours on Friday, hitting $450.19. The company's stock had a trading volume of 1,432,091 shares, compared to its average volume of 1,574,859. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. The company has a 50 day moving average of $465.79 and a 200 day moving average of $525.10. Lockheed Martin Co. has a 12-month low of $419.70 and a 12-month high of $618.95. The stock has a market cap of $105.97 billion, a PE ratio of 20.22, a price-to-earnings-growth ratio of 2.07 and a beta of 0.48.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, beating 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, sell-side analysts forecast that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be paid a $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 2.93%. The ex-dividend date is Monday, March 3rd. Lockheed Martin's dividend payout ratio is currently 59.30%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Morgan Stanley cut their price objective on shares of Lockheed Martin from $555.00 to $525.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 29th. Truist Financial assumed coverage on shares of Lockheed Martin in a research report on Tuesday, January 14th. They issued a "buy" rating and a $579.00 price objective on the stock. Wells Fargo & Company cut their price objective on shares of Lockheed Martin from $497.00 to $468.00 and set an "equal weight" rating on the stock in a research report on Wednesday. StockNews.com downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. dropped their target price on shares of Lockheed Martin from $540.00 to $535.00 and set an "overweight" rating on the stock in a research report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $553.67.

Insider Activity at Lockheed Martin

In other Lockheed Martin news, VP Harry Edward Paul III sold 707 shares of the company'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 approximately $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 accessible through this hyperlink. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the company's 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 transaction, the insider now owns 2,000 shares of the company's stock, valued at $884,840. This represents a 61.63 % 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 three months. 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.