Heritage Investors Management Corp Has $11.43 Million Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Heritage Investors Management Corp raised its stake in Lockheed Martin Co. (NYSE:LMT) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,524 shares of the aerospace company’s stock after purchasing an additional 335 shares during the period. Heritage Investors Management Corp’s holdings in Lockheed Martin were worth $11,431,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of LMT. abrdn plc boosted its holdings in shares of Lockheed Martin by 14.8% during the third quarter. abrdn plc now owns 21,036 shares of the aerospace company’s stock worth $12,240,000 after acquiring an additional 2,707 shares during the period. Nicholas Hoffman & Company LLC. increased its stake in shares of Lockheed Martin by 3.3% during the third quarter. Nicholas Hoffman & Company LLC. now owns 3,014 shares of the aerospace company’s stock worth $1,762,000 after purchasing an additional 95 shares during the period. Childress Capital Advisors LLC lifted its holdings in Lockheed Martin by 3.9% during the 3rd quarter. Childress Capital Advisors LLC now owns 823 shares of the aerospace company’s stock worth $481,000 after purchasing an additional 31 shares during the last quarter. Avitas Wealth Management LLC grew its holdings in Lockheed Martin by 1.0% in the 3rd quarter. Avitas Wealth Management LLC now owns 5,285 shares of the aerospace company’s stock valued at $3,089,000 after buying an additional 51 shares in the last quarter. Finally, Walter & Keenan Wealth Management LLC IN ADV grew its holdings in Lockheed Martin by 1.4% in the 3rd quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 1,629 shares of the aerospace company’s stock valued at $952,000 after buying an additional 23 shares in the last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Stock Performance

NYSE:LMT opened at $441.56 on Thursday. 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 firm has a market capitalization of $103.94 billion, a PE ratio of 19.84, a price-to-earnings-growth ratio of 2.07 and a beta of 0.48. Lockheed Martin Co. has a twelve month low of $419.70 and a twelve month high of $618.95. The stock’s 50-day simple moving average is $467.23 and its 200 day simple moving average is $526.63.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, beating 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%. On average, analysts anticipate that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be issued a dividend of $3.30 per share. The ex-dividend date is Monday, March 3rd. This represents a $13.20 annualized dividend and a dividend yield of 2.99%. Lockheed Martin’s dividend payout ratio (DPR) is presently 59.30%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on LMT shares. Royal Bank of Canada dropped their target price on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating for the company in a report on Wednesday, January 29th. UBS Group dropped their price objective on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a research note 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 target price on the stock. Susquehanna dropped their price target on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a research report on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft cut Lockheed Martin from a “buy” rating to a “hold” rating and cut their price target for the company from $611.00 to $523.00 in a research note on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $553.67.

Lockheed Martin 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.