Truist Financial Corp Has $132.11 Million Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Truist Financial Corp boosted its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 0.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 271,868 shares of the aerospace company’s stock after buying an additional 2,051 shares during the period. Truist Financial Corp owned approximately 0.12% of Lockheed Martin worth $132,111,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Itau Unibanco Holding S.A. purchased a new stake in shares of Lockheed Martin in the third quarter valued at about $26,000. Heck Capital Advisors LLC purchased a new stake in shares of Lockheed Martin in the fourth quarter valued at about $35,000. Capital Performance Advisors LLP purchased a new stake in shares of Lockheed Martin in the third quarter valued at about $40,000. Legacy Investment Solutions LLC purchased a new stake in shares of Lockheed Martin in the third quarter valued at about $42,000. Finally, Vestor Capital LLC purchased a new stake in shares of Lockheed Martin in the third quarter valued at about $46,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on LMT shares. Wells Fargo & Company lowered their target price on shares of Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating for the company in a report on Thursday, January 30th. Royal Bank of Canada lowered their target price 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. Barclays decreased their price objective on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. Morgan Stanley lowered their price objective on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. Finally, UBS Group lowered their price objective 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $555.60.

Lockheed Martin Price Performance

LMT opened at $423.15 on Monday. The company has a market capitalization of $99.60 billion, a price-to-earnings ratio of 19.01, a PEG ratio of 2.12 and a beta of 0.48. 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 50-day moving average price of $477.08 and a 200-day moving average price of $532.77. Lockheed Martin Co. has a twelve month low of $418.58 and a twelve month high of $618.95.

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 the consensus estimate of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. Equities analysts expect that Lockheed Martin Co. will post 27.14 EPS for the current 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 paid 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 yield of 3.12%. 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.