Davis R M Inc. Purchases 26 Shares of Lockheed Martin Co. (NYSE:LMT)

Davis R M Inc. lifted its position in Lockheed Martin Co. (NYSE:LMT) by 2.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,066 shares of the aerospace company’s stock after acquiring an additional 26 shares during the period. Davis R M Inc.’s holdings in Lockheed Martin were worth $518,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insiders Place Their Bets

In related news, VP Harry Edward Paul III sold 707 shares of Lockheed Martin stock in a transaction that occurred on Wednesday, February 26th. The shares were 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 of the company’s stock, valued at $1,008,265.58. This trade represents a 23.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $442.42, for a total transaction of $1,421,495.46. Following the completion of the sale, the insider now directly owns 2,000 shares of the company’s stock, valued at $884,840. The trade was a 61.63 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,133 shares of company stock valued at $3,155,916. Company insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on LMT shares. JPMorgan Chase & Co. decreased their price target on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Royal Bank of Canada reduced their target price on shares of Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock 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 for the company. Wells Fargo & Company restated an “equal weight” rating on shares of Lockheed Martin in a research report on Monday. Finally, StockNews.com lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Lockheed Martin has a consensus rating of “Moderate Buy” and a consensus target price of $554.20.

Lockheed Martin Trading Down 2.0 %

LMT stock opened at $469.40 on Wednesday. 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 twelve month low of $419.70 and a twelve month high of $618.95. The company has a market cap of $110.49 billion, a P/E ratio of 21.09, a PEG ratio of 2.07 and a beta of 0.43. The business has a fifty day moving average of $462.46 and a 200-day moving average of $520.20.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, topping the consensus estimate 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, equities research analysts expect that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be paid a $3.30 dividend. The ex-dividend date is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a yield of 2.81%. Lockheed Martin’s payout ratio is presently 59.30%.

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.