OMERS ADMINISTRATION Corp Raises Holdings in Lockheed Martin Co. (NYSE:LMT)

OMERS ADMINISTRATION Corp boosted its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 1.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,994 shares of the aerospace company’s stock after buying an additional 152 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Lockheed Martin were worth $3,885,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of LMT. Aprio Wealth Management LLC raised its holdings in Lockheed Martin by 25.5% in the fourth quarter. Aprio Wealth Management LLC now owns 527 shares of the aerospace company’s stock worth $256,000 after purchasing an additional 107 shares in the last quarter. Wedmont Private Capital grew its position in shares of Lockheed Martin by 3.1% in the 4th quarter. Wedmont Private Capital now owns 2,984 shares of the aerospace company’s stock worth $1,397,000 after buying an additional 91 shares during the last quarter. Cooper Financial Group raised its stake in shares of Lockheed Martin by 4.9% during the 4th quarter. Cooper Financial Group now owns 1,928 shares of the aerospace company’s stock worth $937,000 after acquiring an additional 90 shares in the last quarter. Miracle Mile Advisors LLC raised its stake in shares of Lockheed Martin by 61.3% during the 4th quarter. Miracle Mile Advisors LLC now owns 2,372 shares of the aerospace company’s stock worth $1,152,000 after acquiring an additional 901 shares in the last quarter. Finally, First Financial Corp IN lifted its position in Lockheed Martin by 7.9% during the fourth quarter. First Financial Corp IN now owns 2,884 shares of the aerospace company’s stock valued at $1,401,000 after acquiring an additional 210 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Price Performance

Shares of NYSE LMT opened at $459.56 on Wednesday. Lockheed Martin Co. has a 52 week low of $418.88 and a 52 week high of $618.95. The business’s 50 day moving average price is $462.06 and its 200 day moving average price is $481.44. 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 firm has a market cap of $107.67 billion, a P/E ratio of 20.65, a P/E/G ratio of 2.07 and a beta of 0.29.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share for the quarter, topping analysts’ consensus estimates of $6.34 by $0.94. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. The firm had revenue of $17.96 billion for the quarter, compared to analyst estimates of $17.83 billion. On average, sell-side analysts expect that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 2nd will be paid a dividend of $3.30 per share. The ex-dividend date is Monday, June 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.87%. Lockheed Martin’s payout ratio is currently 57.02%.

Insider Activity

In related news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the stock in a transaction on Wednesday, February 26th. The shares were 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 of the company’s stock, valued at approximately $884,840. This represents a 61.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Harry Edward Paul III sold 707 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total transaction of $312,925.27. Following 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 disclosure for this sale can be found here. Insiders sold a total of 7,133 shares of company stock valued at $3,155,916 in the last quarter. 0.14% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

LMT has been the topic of several analyst reports. Jefferies Financial Group cut their price target on shares of Lockheed Martin from $510.00 to $500.00 and set a “hold” rating on the stock in a report on Monday, April 28th. Wells Fargo & Company dropped their target price on Lockheed Martin from $476.00 to $432.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. Truist Financial started coverage on Lockheed Martin in a research note on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price target for the company. Citigroup lowered their price target on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. Finally, Melius downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Monday, March 24th. Nine investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $541.80.

Lockheed Martin Company 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.