LaSalle St. Investment Advisors LLC Raises Position in Lockheed Martin Co. (NYSE:LMT)

LaSalle St. Investment Advisors LLC grew its position in shares of Lockheed Martin Co. (NYSE:LMT) by 519.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,982 shares of the aerospace company’s stock after acquiring an additional 4,178 shares during the period. Lockheed Martin comprises about 0.7% of LaSalle St. Investment Advisors LLC’s holdings, making the stock its 21st largest holding. LaSalle St. Investment Advisors LLC’s holdings in Lockheed Martin were worth $2,421,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in LMT. XTX Topco Ltd lifted its position in Lockheed Martin by 454.8% during the 4th quarter. XTX Topco Ltd now owns 4,239 shares of the aerospace company’s stock valued at $2,060,000 after acquiring an additional 3,475 shares during the period. Belpointe Asset Management LLC lifted its holdings in shares of Lockheed Martin by 1.8% during the fourth quarter. Belpointe Asset Management LLC now owns 7,368 shares of the aerospace company’s stock valued at $3,580,000 after purchasing an additional 133 shares during the last quarter. Mariner LLC grew its stake in shares of Lockheed Martin by 25.4% in the 4th quarter. Mariner LLC now owns 121,804 shares of the aerospace company’s stock worth $59,188,000 after buying an additional 24,710 shares during the last quarter. Dynamic Wealth Strategies LLC raised its stake in Lockheed Martin by 10.1% during the fourth quarter. Dynamic Wealth Strategies LLC now owns 523 shares of the aerospace company’s stock valued at $254,000 after buying an additional 48 shares during the last quarter. Finally, SageView Advisory Group LLC boosted its holdings in Lockheed Martin by 14.9% in the fourth quarter. SageView Advisory Group LLC now owns 3,812 shares of the aerospace company’s stock worth $1,853,000 after acquiring an additional 493 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Price Performance

Shares of LMT stock opened at $475.11 on Monday. The company’s 50-day simple moving average is $450.03 and its two-hundred day simple moving average is $500.17. The company has a market capitalization of $111.45 billion, a P/E ratio of 21.34, a P/E/G ratio of 2.07 and a beta of 0.39. Lockheed Martin Co. has a one year low of $418.88 and a one year high of $618.95. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95.

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

Lockheed Martin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 3rd were paid a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date was Monday, March 3rd. Lockheed Martin’s dividend payout ratio (DPR) is 59.30%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on LMT shares. Barclays dropped their price target on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. Susquehanna reduced their price objective on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a report on Wednesday, January 29th. Citigroup reduced their price target on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. UBS Group lowered their price objective on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. Finally, StockNews.com downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $536.60.

Insiders Place Their Bets

In other news, VP Harry Edward Paul III sold 707 shares of the 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 sale, the vice president now owns 2,278 shares in the company, valued at approximately $1,008,265.58. This represents a 23.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the business’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 transaction of $1,421,495.46. Following the sale, the insider now directly 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. Insiders sold a total of 7,133 shares of company stock worth $3,155,916 over the last 90 days. Company insiders own 0.17% of the company’s stock.

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.