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

Virtu Financial LLC purchased a new position in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 7,211 shares of the aerospace company's stock, valued at approximately $3,504,000.

A number of other hedge funds also recently made changes to their positions in the stock. Itau Unibanco Holding S.A. acquired a new position in Lockheed Martin in the third quarter valued at $26,000. Millstone Evans Group LLC purchased a new position in shares of Lockheed Martin in the 4th quarter worth about $32,000. Heck Capital Advisors LLC acquired a new position in shares of Lockheed Martin in the 4th quarter valued at about $35,000. Legacy Investment Solutions LLC acquired a new stake in Lockheed Martin during the 3rd quarter worth approximately $42,000. Finally, Sugar Maple Asset Management LLC purchased a new position in Lockheed Martin in the fourth quarter valued at approximately $47,000. Institutional investors and hedge funds own 74.19% of the company's stock.

Insider Transactions at Lockheed Martin

In other news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the firm's stock in a transaction dated 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 in the company, valued at approximately $884,840. This trade represents a 61.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Harry Edward Paul III sold 707 shares of the business's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total transaction of $312,925.27. Following the sale, the vice president now directly owns 2,278 shares of the company's stock, valued at approximately $1,008,265.58. This represents a 23.69 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,133 shares of company stock worth $3,155,916. 0.17% of the stock is currently owned by corporate insiders.

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Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Susquehanna decreased their price objective on shares of Lockheed Martin from $590.00 to $550.00 and set a "positive" rating for the company in a research note on Wednesday, January 29th. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of Lockheed Martin in a research report on Monday, March 10th. Royal Bank of Canada cut their price objective on Lockheed Martin from $570.00 to $550.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 29th. Melius downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Monday. Finally, Truist Financial began coverage on Lockheed Martin in a report 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, seven have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $544.20.

Lockheed Martin Stock Up 1.8 %

Shares of LMT stock traded up $7.65 during mid-day trading on Tuesday, reaching $442.63. 1,599,605 shares of the company were exchanged, compared to its average volume of 1,138,119. The company has a market capitalization of $104.19 billion, a P/E ratio of 19.88, a P/E/G ratio of 2.07 and a beta of 0.43. The business's 50 day simple moving average is $459.96 and its 200 day simple moving average is $513.50. 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 Co. has a fifty-two week low of $419.70 and a fifty-two week high of $618.95.

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 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%. Research analysts predict that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be paid a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin's payout ratio is currently 59.30%.

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.