XTX Topco Ltd Has $2.06 Million Holdings in Lockheed Martin Co. (NYSE:LMT)

XTX Topco Ltd boosted its holdings in shares of Lockheed Martin Co. (NYSE:LMT - Free Report) by 454.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,239 shares of the aerospace company's stock after purchasing an additional 3,475 shares during the quarter. XTX Topco Ltd's holdings in Lockheed Martin were worth $2,060,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Millstone Evans Group LLC purchased a new stake in Lockheed Martin during the fourth quarter valued at $32,000. Mizuho Securities Co. Ltd. purchased a new stake in shares of Lockheed Martin during the 4th quarter valued at about $34,000. Heck Capital Advisors LLC bought a new position in shares of Lockheed Martin in the 4th quarter valued at about $35,000. Redwood Park Advisors LLC purchased a new position in Lockheed Martin in the fourth quarter worth about $40,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in Lockheed Martin during the fourth quarter worth approximately $42,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LMT has been the topic of several analyst reports. Royal Bank of Canada downgraded shares of Lockheed Martin from an "outperform" rating to a "sector perform" rating and cut their price target for the company from $550.00 to $480.00 in a report on Thursday, March 27th. Susquehanna cut their target price on Lockheed Martin from $590.00 to $550.00 and set a "positive" rating on the stock in a research note on Wednesday, January 29th. Melius Research lowered Lockheed Martin from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. JPMorgan Chase & Co. reduced their target price on Lockheed Martin from $540.00 to $535.00 and set an "overweight" rating on the stock in a research note on Thursday, January 30th. Finally, Truist Financial initiated coverage on shares of Lockheed Martin in a research note on Tuesday, January 14th. They set a "buy" rating and a $579.00 target price for the company. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $536.60.

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Lockheed Martin Price Performance

LMT traded up $0.54 during midday trading on Monday, reaching $475.44. 1,079,090 shares of the company's stock were exchanged, compared to its average volume of 1,238,997. Lockheed Martin Co. has a 1-year low of $418.88 and a 1-year high of $618.95. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. The business's 50-day moving average price is $450.55 and its 200 day moving average price is $499.42. The stock has a market capitalization of $111.53 billion, a PE ratio of 21.36, a P/E/G ratio of 2.07 and a beta of 0.39.

Lockheed Martin (NYSE:LMT - Get Free Report) last released 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 101.47% and a net margin of 7.51%. As a group, equities analysts anticipate that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 3rd were paid a dividend of $3.30 per share. The ex-dividend date was Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a yield of 2.78%. Lockheed Martin's dividend payout ratio (DPR) is presently 59.30%.

Insiders Place Their Bets

In other Lockheed Martin news, VP Harry Edward Paul III sold 707 shares of the firm's stock in a transaction 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 sale, the vice president now directly owns 2,278 shares in the company, valued at approximately $1,008,265.58. This trade represents a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the company's stock in a transaction dated 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 transaction, the insider now owns 2,000 shares of the company's stock, valued at approximately $884,840. This trade represents a 61.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,133 shares of company stock worth $3,155,916 in the last three months. 0.17% of the stock is 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.