Lockheed Martin Co. (NYSE:LMT) Shares Sold by Flputnam Investment Management Co.

Flputnam Investment Management Co. cut its position in Lockheed Martin Co. (NYSE:LMT) by 64.7% during the fourth quarter, Holdings Channel reports. The firm owned 10,179 shares of the aerospace company’s stock after selling 18,622 shares during the period. Flputnam Investment Management Co.’s holdings in Lockheed Martin were worth $4,946,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Itau Unibanco Holding S.A. acquired a new stake in Lockheed Martin during the third quarter worth about $26,000. Capital Performance Advisors LLP acquired a new stake in Lockheed Martin during the third quarter worth about $40,000. Heck Capital Advisors LLC acquired a new stake in Lockheed Martin during the fourth quarter worth about $35,000. Legacy Investment Solutions LLC acquired a new stake in Lockheed Martin during the third quarter worth about $42,000. Finally, Vestor Capital LLC acquired a new stake in Lockheed Martin during the third quarter worth about $46,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Stock Performance

NYSE LMT opened at $450.19 on Friday. The company has a market cap of $105.97 billion, a PE ratio of 20.22, a price-to-earnings-growth ratio of 2.07 and a beta of 0.48. The stock’s 50 day simple moving average is $465.79 and its 200-day simple moving average is $525.10. Lockheed Martin Co. has a 1-year low of $419.70 and a 1-year high of $618.95. 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 (NYSE:LMT) last announced its quarterly earnings data 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 return on equity of 101.47% and a net margin of 7.51%. As a group, equities research analysts anticipate that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be given a dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a yield of 2.93%. Lockheed Martin’s payout ratio is 59.30%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on LMT shares. Truist Financial started coverage on Lockheed Martin in a report on Tuesday, January 14th. They set a “buy” rating and a $579.00 target price on the stock. Royal Bank of Canada lowered their price target on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 29th. JPMorgan Chase & Co. lowered their price target on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Citigroup lowered their price target on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft downgraded Lockheed Martin from a “buy” rating to a “hold” rating and lowered their price target for the stock from $611.00 to $523.00 in a research report on Thursday, January 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $553.67.

Insider Buying and Selling

In other Lockheed Martin news, VP Harry Edward Paul III sold 707 shares of the firm’s stock in a transaction 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 sale, the vice president now owns 2,278 shares of the company’s stock, valued at $1,008,265.58. This trade represents a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was 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. This trade represents a 61.63 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,133 shares of company stock worth $3,155,916. 0.17% of the stock is owned by corporate 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.