Blair William & Co. IL Acquires 897 Shares of Lockheed Martin Co. (NYSE:LMT)

Blair William & Co. IL increased its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 1.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 56,577 shares of the aerospace company’s stock after acquiring an additional 897 shares during the quarter. Blair William & Co. IL’s holdings in Lockheed Martin were worth $27,493,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in LMT. LM Advisors LLC increased its holdings in shares of Lockheed Martin by 2.6% in the fourth quarter. LM Advisors LLC now owns 1,523 shares of the aerospace company’s stock valued at $740,000 after purchasing an additional 38 shares during the last quarter. Loomis Sayles & Co. L P lifted its stake in shares of Lockheed Martin by 14.4% during the 4th quarter. Loomis Sayles & Co. L P now owns 18,548 shares of the aerospace company’s stock worth $9,014,000 after buying an additional 2,335 shares during the last quarter. Howe & Rusling Inc. boosted its holdings in shares of Lockheed Martin by 10.0% during the 4th quarter. Howe & Rusling Inc. now owns 3,340 shares of the aerospace company’s stock worth $1,623,000 after buying an additional 303 shares during the period. AssuredPartners Investment Advisors LLC acquired a new stake in Lockheed Martin during the fourth quarter worth approximately $389,000. Finally, NEOS Investment Management LLC boosted its holdings in shares of Lockheed Martin by 29.0% during the fourth quarter. NEOS Investment Management LLC now owns 11,058 shares of the aerospace company’s stock worth $5,374,000 after acquiring an additional 2,484 shares during the period. Institutional investors own 74.19% of the company’s stock.

Insiders Place Their Bets

In related 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 transaction of $312,925.27. Following the completion of the transaction, the vice president now directly owns 2,278 shares of the company’s stock, valued at $1,008,265.58. This trade represents a 23.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the company’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 completion of the sale, the insider now owns 2,000 shares in the company, valued at $884,840. This trade represents a 61.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,133 shares of company stock valued at $3,155,916 in the last 90 days. Corporate insiders own 0.17% of the company’s stock.

Wall Street Analysts Forecast Growth

LMT has been the topic of several research reports. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of Lockheed Martin in a research report on Monday, March 10th. JPMorgan Chase & Co. dropped their target price on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. UBS Group decreased their price target on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. Barclays dropped their price objective on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. Finally, Truist Financial assumed coverage on shares of Lockheed Martin in a report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Lockheed Martin currently has an average rating of “Hold” and an average target price of $539.53.

Lockheed Martin Stock Performance

Lockheed Martin stock opened at $442.27 on Friday. The stock has a market cap of $104.10 billion, a PE ratio of 19.87, a P/E/G ratio of 2.07 and a beta of 0.43. 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 12-month low of $419.70 and a 12-month high of $618.95. The business’s 50-day moving average price is $457.47 and its two-hundred day moving average price is $511.67.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. As a group, analysts expect that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company 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. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a yield of 2.98%. Lockheed Martin’s dividend 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.