Marathon Trading Investment Management LLC Invests $1.94 Million in Lockheed Martin Co. (NYSE:LMT)

Marathon Trading Investment Management LLC bought a new position in shares of Lockheed Martin Co. (NYSE:LMT) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 4,000 shares of the aerospace company’s stock, valued at approximately $1,944,000. Lockheed Martin accounts for 0.1% of Marathon Trading Investment Management LLC’s holdings, making the stock its 26th biggest position.

Several other hedge funds have also added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new stake in shares of Lockheed Martin in the third quarter valued at approximately $40,000. Assetmark Inc. raised its holdings in Lockheed Martin by 1.3% in the 3rd quarter. Assetmark Inc. now owns 1,470 shares of the aerospace company’s stock valued at $859,000 after acquiring an additional 19 shares in the last quarter. Atria Investments Inc lifted its position in shares of Lockheed Martin by 4.1% during the 3rd quarter. Atria Investments Inc now owns 21,385 shares of the aerospace company’s stock valued at $12,501,000 after acquiring an additional 843 shares during the period. Axxcess Wealth Management LLC grew its holdings in shares of Lockheed Martin by 20.1% during the 3rd quarter. Axxcess Wealth Management LLC now owns 6,997 shares of the aerospace company’s stock worth $4,090,000 after purchasing an additional 1,171 shares in the last quarter. Finally, Baker Avenue Asset Management LP increased its position in shares of Lockheed Martin by 130.2% in the third quarter. Baker Avenue Asset Management LP now owns 1,411 shares of the aerospace company’s stock worth $825,000 after purchasing an additional 798 shares during the period. 74.19% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Lockheed Martin news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now owns 2,000 shares of the company’s stock, valued at approximately $884,840. This represents a 61.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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. This trade represents a 23.69 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,133 shares of company stock valued at $3,155,916. 0.17% of the stock is currently owned by company insiders.

Lockheed Martin Stock Performance

NYSE:LMT opened at $478.42 on Tuesday. The stock’s 50-day moving average is $462.79 and its 200-day moving average is $520.80. Lockheed Martin Co. has a 1-year low of $419.70 and a 1-year high of $618.95. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. The stock has a market cap of $112.61 billion, a P/E ratio of 21.49, a price-to-earnings-growth ratio of 2.07 and a beta of 0.43.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share 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%. Equities research analysts anticipate that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

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 given a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a yield of 2.76%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s dividend payout ratio is currently 59.30%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on LMT shares. Truist Financial assumed coverage on shares of Lockheed Martin in a research report on Tuesday, January 14th. They set a “buy” rating and a $579.00 price objective for the company. UBS Group reduced their price target on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. Susquehanna decreased their price objective on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating on the stock in a research note on Wednesday, January 29th. Barclays cut 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. Finally, Wells Fargo & Company reiterated an “equal weight” rating on shares of Lockheed Martin in a research note on Monday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $554.20.

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.