Villere ST Denis J & Co. LLC Reduces Stock Position in Lockheed Martin Co. (NYSE:LMT)

Villere ST Denis J & Co. LLC lessened its position in shares of Lockheed Martin Co. (NYSE:LMT) by 1.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 61,037 shares of the aerospace company’s stock after selling 1,180 shares during the quarter. Lockheed Martin accounts for 2.7% of Villere ST Denis J & Co. LLC’s portfolio, making the stock its 15th largest position. Villere ST Denis J & Co. LLC’s holdings in Lockheed Martin were worth $29,660,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. AllGen Financial Advisors Inc. raised its stake in Lockheed Martin by 4.0% in the third quarter. AllGen Financial Advisors Inc. now owns 468 shares of the aerospace company’s stock valued at $274,000 after buying an additional 18 shares in the last quarter. Salomon & Ludwin LLC raised its stake in Lockheed Martin by 20.5% in the third quarter. Salomon & Ludwin LLC now owns 106 shares of the aerospace company’s stock valued at $62,000 after buying an additional 18 shares in the last quarter. Sunburst Financial Group LLC raised its stake in Lockheed Martin by 3.3% in the third quarter. Sunburst Financial Group LLC now owns 566 shares of the aerospace company’s stock valued at $331,000 after buying an additional 18 shares in the last quarter. Lmcg Investments LLC raised its stake in Lockheed Martin by 3.0% in the third quarter. Lmcg Investments LLC now owns 651 shares of the aerospace company’s stock valued at $381,000 after buying an additional 19 shares in the last quarter. Finally, Assetmark Inc. raised its stake in Lockheed Martin by 1.3% in the third quarter. Assetmark Inc. now owns 1,470 shares of the aerospace company’s stock valued at $859,000 after buying an additional 19 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Price Performance

Shares of NYSE:LMT opened at $423.15 on Friday. Lockheed Martin Co. has a 12 month low of $418.58 and a 12 month 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. The business’s 50 day simple moving average is $478.88 and its 200-day simple moving average is $533.59. The firm has a market capitalization of $99.60 billion, a price-to-earnings ratio of 19.01, a price-to-earnings-growth ratio of 2.12 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) 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, equities 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. Shareholders of record on Monday, March 3rd will be issued a $3.30 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 annualized dividend and a yield of 3.12%. Lockheed Martin’s dividend payout ratio (DPR) is presently 59.30%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on LMT. Susquehanna cut their target price on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating on the stock 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 target price on the stock. Deutsche Bank Aktiengesellschaft cut Lockheed Martin from a “buy” rating to a “hold” rating and cut their target price for the stock from $611.00 to $523.00 in a research report on Thursday, January 2nd. Citigroup cut their target price on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. Finally, TD Cowen lifted their target price on Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Lockheed Martin currently has a consensus rating of “Moderate Buy” and a consensus target price of $555.60.

About Lockheed Martin

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.