Lockheed Martin Co. (NYSE:LMT) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC trimmed its position in Lockheed Martin Co. (NYSE:LMT) by 2.0% in the fourth quarter, Holdings Channel reports. The firm owned 183,297 shares of the aerospace company’s stock after selling 3,790 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Lockheed Martin were worth $89,071,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of LMT. Itau Unibanco Holding S.A. acquired a new position in Lockheed Martin in the third quarter valued at approximately $26,000. Heck Capital Advisors LLC bought a new position in Lockheed Martin in the 4th quarter worth approximately $35,000. Capital Performance Advisors LLP bought a new position in Lockheed Martin in the 3rd quarter worth approximately $40,000. Legacy Investment Solutions LLC bought a new position in Lockheed Martin in the 3rd quarter worth approximately $42,000. Finally, Vestor Capital LLC bought a new position in Lockheed Martin during the 3rd quarter valued at $46,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Price Performance

LMT opened at $434.36 on Friday. The stock has a fifty day moving average of $480.54 and a 200-day moving average of $534.28. The firm has a market capitalization of $102.24 billion, a P/E ratio of 19.51, a PEG ratio of 2.12 and a beta of 0.48. Lockheed Martin Co. has a 12-month low of $413.92 and a 12-month 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.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. Equities analysts forecast that Lockheed Martin Co. will post 27.14 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be issued a dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 annualized dividend and a dividend yield of 3.04%. Lockheed Martin’s dividend payout ratio is 59.30%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Royal Bank of Canada decreased their price target on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating for the company in a research note on Wednesday, January 29th. TD Cowen increased their price target on Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Truist Financial assumed coverage on Lockheed Martin in a research note on Tuesday, January 14th. They set a “buy” rating and a $579.00 price target for the company. Morgan Stanley decreased their price target on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. Finally, Susquehanna cut their price objective on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average 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.