Private Advisor Group LLC Purchases 5,075 Shares of Lockheed Martin Co. (NYSE:LMT)

Private Advisor Group LLC boosted its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 11.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 51,253 shares of the aerospace company’s stock after buying an additional 5,075 shares during the quarter. Private Advisor Group LLC’s holdings in Lockheed Martin were worth $24,906,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in LMT. Stratos Wealth Advisors LLC grew its position in Lockheed Martin by 16.9% during the third quarter. Stratos Wealth Advisors LLC now owns 1,148 shares of the aerospace company’s stock valued at $672,000 after buying an additional 166 shares during the period. Resonant Capital Advisors LLC bought a new position in Lockheed Martin during the third quarter valued at about $247,000. Vest Financial LLC grew its position in Lockheed Martin by 146.3% during the third quarter. Vest Financial LLC now owns 1,956 shares of the aerospace company’s stock valued at $1,143,000 after buying an additional 1,162 shares during the period. Whittier Trust Co. of Nevada Inc. grew its position in Lockheed Martin by 22.6% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 3,722 shares of the aerospace company’s stock valued at $2,176,000 after buying an additional 687 shares during the period. Finally, Raleigh Capital Management Inc. grew its position in Lockheed Martin by 18.5% during the third quarter. Raleigh Capital Management Inc. now owns 1,004 shares of the aerospace company’s stock valued at $587,000 after buying an additional 157 shares during the period. Institutional investors own 74.19% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on LMT. Wells Fargo & Company dropped their price objective on shares of Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating on the stock in a report on Thursday, January 30th. Susquehanna dropped their price objective on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating on the stock in a report on Wednesday, January 29th. Barclays dropped their price objective on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a report on Monday, January 6th. Citigroup dropped their price objective on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. Finally, Truist Financial began coverage on shares of Lockheed Martin in a report on Tuesday, January 14th. They set a “buy” rating and a $579.00 price objective on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $555.60.

Lockheed Martin Trading Up 1.2 %

Shares of LMT opened at $428.35 on Wednesday. The firm’s 50 day simple moving average is $473.65 and its 200 day simple moving average is $531.03. The company has a market capitalization of $100.83 billion, a P/E ratio of 19.24, a P/E/G ratio of 2.00 and a beta of 0.48. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. Lockheed Martin Co. has a 1-year low of $419.70 and a 1-year high of $618.95.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, beating 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%. Sell-side analysts forecast that Lockheed Martin Co. will post 27.14 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be paid a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s dividend payout ratio is currently 59.30%.

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.