Lockheed Martin Co. (NYSE:LMT) Shares Sold by Hartford Investment Management Co.

Hartford Investment Management Co. lessened its holdings in Lockheed Martin Co. (NYSE:LMT) by 2.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,024 shares of the aerospace company’s stock after selling 322 shares during the quarter. Hartford Investment Management Co.’s holdings in Lockheed Martin were worth $6,329,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in LMT. ORG Wealth Partners LLC purchased a new stake in Lockheed Martin in the 3rd quarter valued at approximately $54,000. CX Institutional boosted its holdings in Lockheed Martin by 24.9% in the 3rd quarter. CX Institutional now owns 19,185 shares of the aerospace company’s stock valued at $11,215,000 after purchasing an additional 3,824 shares in the last quarter. Creative Planning boosted its holdings in Lockheed Martin by 3.1% in the 3rd quarter. Creative Planning now owns 106,301 shares of the aerospace company’s stock valued at $62,139,000 after purchasing an additional 3,236 shares in the last quarter. Allen Mooney & Barnes Investment Advisors LLC purchased a new stake in Lockheed Martin in the 3rd quarter valued at approximately $332,000. Finally, Cornell Pochily Investment Advisors Inc. boosted its stake in shares of Lockheed Martin by 5.5% during the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 2,965 shares of the aerospace company’s stock worth $1,733,000 after acquiring an additional 155 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Up 0.3 %

Shares of Lockheed Martin stock opened at $449.69 on Wednesday. The company has a fifty day moving average price of $483.39 and a 200 day moving average price of $535.46. 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 $413.92 and a twelve month high of $618.95. The stock has a market cap of $105.85 billion, a price-to-earnings ratio of 20.20, a price-to-earnings-growth ratio of 2.12 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results 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%. Equities research analysts forecast that Lockheed Martin Co. will post 27.14 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be given a dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a yield of 2.94%. Lockheed Martin’s dividend payout ratio (DPR) is 59.30%.

Wall Street Analyst Weigh In

LMT has been the topic of several research analyst reports. Citigroup decreased their price target on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. StockNews.com lowered Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Truist Financial initiated coverage on Lockheed Martin in a research note on Tuesday, January 14th. They set a “buy” rating and a $579.00 price target on the stock. Robert W. Baird boosted their price target on Lockheed Martin from $519.00 to $626.00 in a research note on Tuesday, October 22nd. Finally, 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. 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 given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $555.60.

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.