Biondo Investment Advisors LLC Boosts Holdings in Lockheed Martin Co. (NYSE:LMT)

Biondo Investment Advisors LLC grew its position in Lockheed Martin Co. (NYSE:LMT) by 0.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,625 shares of the aerospace company’s stock after purchasing an additional 181 shares during the quarter. Lockheed Martin comprises approximately 1.4% of Biondo Investment Advisors LLC’s investment portfolio, making the stock its 25th biggest holding. Biondo Investment Advisors LLC’s holdings in Lockheed Martin were worth $10,509,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Fisher Asset Management LLC grew its stake in shares of Lockheed Martin by 0.9% during the third quarter. Fisher Asset Management LLC now owns 6,742 shares of the aerospace company’s stock worth $3,941,000 after acquiring an additional 61 shares during the last quarter. Freedom Investment Management Inc. boosted its stake in Lockheed Martin by 16.7% in the 3rd quarter. Freedom Investment Management Inc. now owns 754 shares of the aerospace company’s stock worth $441,000 after purchasing an additional 108 shares in the last quarter. Fiduciary Trust Co grew its position in Lockheed Martin by 2.0% during the 3rd quarter. Fiduciary Trust Co now owns 11,781 shares of the aerospace company’s stock worth $6,887,000 after purchasing an additional 229 shares during the last quarter. Vinva Investment Management Ltd increased its stake in Lockheed Martin by 3.0% during the 3rd quarter. Vinva Investment Management Ltd now owns 656 shares of the aerospace company’s stock valued at $382,000 after purchasing an additional 19 shares in the last quarter. Finally, Carl P. Sherr & Co. LLC raised its holdings in shares of Lockheed Martin by 113.7% in the third quarter. Carl P. Sherr & Co. LLC now owns 1,423 shares of the aerospace company’s stock worth $832,000 after buying an additional 757 shares during the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Stock Down 0.2 %

Shares of LMT opened at $441.41 on Friday. Lockheed Martin Co. has a 52-week low of $419.70 and a 52-week high of $618.95. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. The stock has a fifty day simple moving average of $456.49 and a two-hundred day simple moving average of $510.73. The company has a market capitalization of $103.90 billion, a PE ratio of 19.83, a price-to-earnings-growth ratio of 2.07 and a beta of 0.43.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS 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 forecast that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 3rd were paid a dividend of $3.30 per share. The ex-dividend date was Monday, March 3rd. This represents a $13.20 annualized dividend and a yield of 2.99%. Lockheed Martin’s dividend payout ratio (DPR) is 59.30%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on LMT shares. StockNews.com raised Lockheed Martin from a “hold” rating to a “buy” rating in a research report on Monday, March 24th. Melius cut Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Monday, March 24th. Barclays decreased their target price on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. 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 report on Tuesday, January 21st. Finally, Truist Financial initiated coverage on shares of Lockheed Martin in a report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price objective on the stock. One research analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $539.53.

Insider Buying and Selling at Lockheed Martin

In other news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the business’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 value of $1,421,495.46. Following the sale, the insider now directly owns 2,000 shares of the company’s stock, valued at approximately $884,840. The trade was a 61.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,133 shares of company stock worth $3,155,916 over the last quarter. 0.17% of the stock is currently owned by company insiders.

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.