Lockheed Martin Co. (NYSE:LMT) Shares Sold by Cozad Asset Management Inc.

Cozad Asset Management Inc. reduced its holdings in Lockheed Martin Co. (NYSE:LMT) by 5.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 822 shares of the aerospace company’s stock after selling 48 shares during the quarter. Cozad Asset Management Inc.’s holdings in Lockheed Martin were worth $399,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Cassady Schiller Wealth Management LLC lifted its holdings in shares of Lockheed Martin by 28.5% in the 4th quarter. Cassady Schiller Wealth Management LLC now owns 194 shares of the aerospace company’s stock valued at $94,000 after buying an additional 43 shares during the period. Counterpoint Mutual Funds LLC purchased a new position in Lockheed Martin in the 4th quarter valued at approximately $1,414,000. Signaturefd LLC increased its stake in Lockheed Martin by 0.8% in the 4th quarter. Signaturefd LLC now owns 4,942 shares of the aerospace company’s stock valued at $2,401,000 after purchasing an additional 38 shares in the last quarter. Cibc World Markets Corp increased its stake in Lockheed Martin by 285.8% in the 4th quarter. Cibc World Markets Corp now owns 111,945 shares of the aerospace company’s stock valued at $54,399,000 after purchasing an additional 82,932 shares in the last quarter. Finally, Gold Investment Management Ltd. increased its stake in Lockheed Martin by 1.2% in the 4th quarter. Gold Investment Management Ltd. now owns 8,611 shares of the aerospace company’s stock valued at $4,184,000 after purchasing an additional 104 shares in the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

LMT has been the subject of several research analyst reports. JPMorgan Chase & Co. dropped their price objective on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Morgan Stanley dropped their price target on 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. Truist Financial began coverage on Lockheed Martin in a research report on Tuesday, January 14th. They set a “buy” rating and a $579.00 price target for the company. StockNews.com downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. Finally, Royal Bank of Canada dropped their price target on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating for the company in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $554.20.

Insider Activity at Lockheed Martin

In other Lockheed Martin news, VP Harry Edward Paul III sold 707 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total transaction of $312,925.27. Following the transaction, the vice president now owns 2,278 shares in the company, valued at $1,008,265.58. The trade was a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 2,000 shares in the company, valued at approximately $884,840. This represents a 61.63 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,133 shares of company stock worth $3,155,916. 0.14% of the stock is owned by insiders.

Lockheed Martin Price Performance

Shares of Lockheed Martin stock opened at $469.33 on Wednesday. Lockheed Martin Co. has a twelve month low of $419.70 and a twelve month high of $618.95. The stock has a market capitalization of $110.47 billion, a P/E ratio of 21.08, a PEG ratio of 2.07 and a beta of 0.43. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. The business’s fifty day moving average price is $461.50 and its 200 day moving average price is $516.79.

Lockheed Martin (NYSE:LMT) last issued its 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 return on equity of 101.47% and a net margin of 7.51%. As a group, research analysts anticipate that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be issued a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date 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.