2,874 Shares in Lockheed Martin Co. (NYSE:LMT) Purchased by GWN Securities Inc.

GWN Securities Inc. purchased a new position in Lockheed Martin Co. (NYSE:LMT) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,874 shares of the aerospace company’s stock, valued at approximately $1,428,000.

Other hedge funds also recently bought and sold shares of the company. Itau Unibanco Holding S.A. purchased a new position in Lockheed Martin in the 3rd quarter worth about $26,000. Heck Capital Advisors LLC purchased a new position in Lockheed Martin in the 4th quarter worth about $35,000. Legacy Investment Solutions LLC purchased a new position in Lockheed Martin in the 3rd quarter worth about $42,000. Sugar Maple Asset Management LLC purchased a new position in Lockheed Martin in the 4th quarter worth about $47,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in Lockheed Martin in the 4th quarter worth about $52,000. Institutional investors own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on LMT shares. Susquehanna decreased their target price on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a research report on Wednesday, January 29th. Truist Financial initiated coverage on shares of Lockheed Martin in a research report on Tuesday, January 14th. They set a “buy” rating and a $579.00 price target for the company. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of Lockheed Martin in a research report on Monday, March 10th. Morgan Stanley reduced their price target on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. Finally, Royal Bank of Canada reduced their target price on shares of Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating for the company in a report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Lockheed Martin has a consensus rating of “Moderate Buy” and a consensus price target of $554.20.

Lockheed Martin Stock Performance

LMT stock opened at $467.07 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. The business’s fifty day simple moving average is $461.39 and its two-hundred day simple moving average is $518.51. Lockheed Martin Co. has a twelve month low of $419.70 and a twelve month high of $618.95. The firm has a market cap of $109.94 billion, a price-to-earnings ratio of 20.98, a PEG ratio of 2.07 and a beta of 0.43.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share 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%. Analysts predict that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be given a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s payout ratio is currently 59.30%.

Insiders Place Their Bets

In other news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total value of $1,421,495.46. Following the completion of the sale, the insider now directly owns 2,000 shares in the company, valued at $884,840. The trade was a 61.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing 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 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 sale, the vice president now owns 2,278 shares of the company’s stock, valued at $1,008,265.58. The trade was a 23.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,133 shares of company stock valued at $3,155,916. 0.17% of the stock is currently owned by corporate 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.