Lockheed Martin Co. (NYSE:LMT) Shares Sold by Lynx Investment Advisory

Lynx Investment Advisory lowered its stake in Lockheed Martin Co. (NYSE:LMT) by 5.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 417 shares of the aerospace company’s stock after selling 26 shares during the quarter. Lynx Investment Advisory’s holdings in Lockheed Martin were worth $203,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Congress Wealth Management LLC DE boosted its holdings in Lockheed Martin by 35.1% in the fourth quarter. Congress Wealth Management LLC DE now owns 9,989 shares of the aerospace company’s stock valued at $4,854,000 after purchasing an additional 2,597 shares during the last quarter. Horrell Capital Management Inc. boosted its stake in shares of Lockheed Martin by 0.3% during the 4th quarter. Horrell Capital Management Inc. now owns 14,917 shares of the aerospace company’s stock valued at $7,249,000 after buying an additional 43 shares during the last quarter. Crowley Wealth Management Inc. acquired a new stake in shares of Lockheed Martin during the fourth quarter worth approximately $505,000. Stevens Capital Management LP bought a new stake in shares of Lockheed Martin in the fourth quarter worth $1,968,000. Finally, Richwood Investment Advisors LLC raised its holdings in Lockheed Martin by 2.9% in the fourth quarter. Richwood Investment Advisors LLC now owns 3,454 shares of the aerospace company’s stock valued at $1,678,000 after acquiring an additional 98 shares in the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Lockheed Martin

In related news, 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 sale, the vice president now owns 2,278 shares of the company’s stock, valued at $1,008,265.58. The trade was a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $1,421,495.46. Following the transaction, the insider now directly owns 2,000 shares of the company’s stock, valued at approximately $884,840. The trade was a 61.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,133 shares of company stock worth $3,155,916 over the last ninety days. 0.17% of the stock is currently owned by corporate insiders.

Lockheed Martin Trading Down 5.7 %

Lockheed Martin stock opened at $440.26 on Monday. Lockheed Martin Co. has a 52-week low of $419.70 and a 52-week 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. The firm has a market capitalization of $103.63 billion, a price-to-earnings ratio of 19.78, a PEG ratio of 2.07 and a beta of 0.43. The firm has a 50-day moving average price of $460.94 and a two-hundred day moving average price of $514.45.

Lockheed Martin (NYSE:LMT) last issued 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%. Sell-side analysts expect that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be issued a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s dividend payout ratio (DPR) is 59.30%.

Wall Street Analyst Weigh In

LMT has been the subject of several recent analyst reports. Morgan Stanley decreased their price objective on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. Truist Financial began coverage on Lockheed Martin in a report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price objective for the company. Citigroup decreased their target price on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft downgraded Lockheed Martin from a “buy” rating to a “hold” rating and lowered their price target for the company from $611.00 to $523.00 in a report on Thursday, January 2nd. Finally, Royal Bank of Canada decreased their price objective on shares of Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating for the company in a report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.