Dimensional Fund Advisors LP Increases Stake in Lockheed Martin Co. (NYSE:LMT)

Dimensional Fund Advisors LP lifted its position in shares of Lockheed Martin Co. (NYSE:LMT) by 5.9% during the 4th quarter, HoldingsChannel reports. The firm owned 1,274,580 shares of the aerospace company’s stock after acquiring an additional 70,516 shares during the period. Dimensional Fund Advisors LP’s holdings in Lockheed Martin were worth $619,369,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Morse Asset Management Inc raised its stake in shares of Lockheed Martin by 1.0% in the third quarter. Morse Asset Management Inc now owns 3,058 shares of the aerospace company’s stock worth $1,788,000 after buying an additional 31 shares during the period. Tudor Financial Inc. bought a new position in Lockheed Martin during the third quarter valued at $557,000. Anchor Investment Management LLC lifted its stake in shares of Lockheed Martin by 8.4% in the 3rd quarter. Anchor Investment Management LLC now owns 4,125 shares of the aerospace company’s stock valued at $2,411,000 after purchasing an additional 320 shares during the last quarter. Fulcrum Equity Management raised its stake in shares of Lockheed Martin by 4.7% in the third quarter. Fulcrum Equity Management now owns 900 shares of the aerospace company’s stock valued at $526,000 after acquiring an additional 40 shares during the period. Finally, Sculati Wealth Management LLC bought a new position in shares of Lockheed Martin during the third quarter valued at approximately $258,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft lowered Lockheed Martin from a “buy” rating to a “hold” rating and cut their price target for the company from $611.00 to $523.00 in a research note on Thursday, January 2nd. Wells Fargo & Company lowered their price target on Lockheed Martin from $476.00 to $432.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. Barclays reduced their target price on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a research note on Monday, January 6th. Truist Financial assumed coverage on shares of Lockheed Martin in a research note on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price objective on the stock. Finally, UBS Group dropped their price objective on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $539.93.

Lockheed Martin Stock Performance

Shares of NYSE:LMT opened at $463.80 on Friday. Lockheed Martin Co. has a 12 month low of $418.88 and a 12 month high of $618.95. The business has a 50-day moving average of $452.24 and a two-hundred day moving average of $497.25. 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 firm has a market capitalization of $108.79 billion, a PE ratio of 20.84, a P/E/G ratio of 2.07 and a beta of 0.39.

Lockheed Martin (NYSE:LMT) last posted 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, research analysts forecast that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 3rd were given a dividend of $3.30 per share. The ex-dividend date was Monday, March 3rd. This represents a $13.20 annualized dividend and a dividend yield of 2.85%. Lockheed Martin’s payout ratio is 59.30%.

Insider Activity at Lockheed Martin

In related news, VP Harry Edward Paul III sold 707 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $442.61, 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 $1,008,265.58. The trade was a 23.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of Lockheed Martin 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 in the company, valued at approximately $884,840. This trade 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 valued at $3,155,916 over the last three months. 0.14% of the stock is owned by 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.