Lockheed Martin Co. (NYSE:LMT) Shares Bought by Glass Wealth Management Co LLC

Glass Wealth Management Co LLC raised its position in Lockheed Martin Co. (NYSE:LMT) by 4.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 10,201 shares of the aerospace company’s stock after acquiring an additional 395 shares during the quarter. Lockheed Martin comprises approximately 2.7% of Glass Wealth Management Co LLC’s holdings, making the stock its 8th largest position. Glass Wealth Management Co LLC’s holdings in Lockheed Martin were worth $4,957,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of LMT. Intact Investment Management Inc. acquired a new position in shares of Lockheed Martin during the third quarter worth about $70,000. Vestor Capital LLC acquired a new position in shares of Lockheed Martin during the third quarter worth about $46,000. Quintet Private Bank Europe S.A. grew its position in shares of Lockheed Martin by 14.9% during the third quarter. Quintet Private Bank Europe S.A. now owns 200 shares of the aerospace company’s stock worth $117,000 after buying an additional 26 shares in the last quarter. Moloney Securities Asset Management LLC grew its position in shares of Lockheed Martin by 2.9% during the third quarter. Moloney Securities Asset Management LLC now owns 6,485 shares of the aerospace company’s stock worth $3,791,000 after buying an additional 184 shares in the last quarter. Finally, ASB Consultores LLC acquired a new position in shares of Lockheed Martin during the third quarter worth about $279,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Lockheed Martin

In other news, VP Harry Edward Paul III sold 707 shares of the company’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 transaction of $312,925.27. Following the completion of the sale, the vice president now owns 2,278 shares in the company, valued at $1,008,265.58. This represents a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the company’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 sale, the insider now owns 2,000 shares of the company’s stock, 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 7,133 shares of company stock worth $3,155,916 over the last 90 days. 0.17% of the stock is currently owned by insiders.

Lockheed Martin Price Performance

Shares of NYSE LMT opened at $449.11 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a twelve month low of $419.70 and a twelve month high of $618.95. The stock has a 50 day moving average of $464.31 and a two-hundred day moving average of $523.28. The stock has a market cap of $105.71 billion, a P/E ratio of 20.18, a P/E/G ratio of 2.07 and a beta of 0.43.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data 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%. On average, research analysts forecast that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

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 paid a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a dividend yield of 2.94%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s dividend payout ratio (DPR) is presently 59.30%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on LMT. 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 objective for the company. Morgan Stanley lowered their price objective 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. Wells Fargo & Company decreased their target price on Lockheed Martin from $497.00 to $468.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 26th. 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 note on Wednesday, January 29th. Finally, StockNews.com cut Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Lockheed Martin 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.