Lockheed Martin Co. (NYSE:LMT) Stock Position Decreased by Clearbridge Investments LLC

Clearbridge Investments LLC decreased its position in Lockheed Martin Co. (NYSE:LMT) by 1.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 68,880 shares of the aerospace company’s stock after selling 1,358 shares during the quarter. Clearbridge Investments LLC’s holdings in Lockheed Martin were worth $33,472,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. bought a new stake in Lockheed Martin in the third quarter worth approximately $26,000. Millstone Evans Group LLC acquired a new stake in shares of Lockheed Martin in the 4th quarter valued at $32,000. Mizuho Securities Co. Ltd. bought a new stake in Lockheed Martin in the fourth quarter worth $34,000. Heck Capital Advisors LLC bought a new stake in Lockheed Martin in the fourth quarter worth $35,000. Finally, Legacy Investment Solutions LLC bought a new position in Lockheed Martin during the third quarter valued at about $42,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Insiders Place Their Bets

In related news, VP Harry Edward Paul III sold 707 shares of the stock in a transaction dated Wednesday, February 26th. The shares were 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 in the company, valued at $1,008,265.58. This trade represents a 23.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the business’s stock in a transaction dated 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 transaction, the insider now owns 2,000 shares in the company, valued at approximately $884,840. This trade represents a 61.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,133 shares of company stock worth $3,155,916 over the last quarter. Company insiders own 0.17% of the company’s stock.

Lockheed Martin Price Performance

Shares of LMT stock opened at $448.39 on Wednesday. Lockheed Martin Co. has a 12 month low of $419.70 and a 12 month high of $618.95. The company has a market capitalization of $105.55 billion, a P/E ratio of 20.14, a P/E/G ratio of 2.07 and a beta of 0.43. The stock has a 50 day moving average of $454.45 and a two-hundred day moving average of $508.19. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 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%. As a group, equities analysts expect that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 3rd were given a $3.30 dividend. This represents a $13.20 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend was Monday, March 3rd. Lockheed Martin’s dividend payout ratio (DPR) is presently 59.30%.

Analyst Ratings Changes

Several research firms have recently issued reports on LMT. Barclays decreased their price target 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. Truist Financial started coverage on shares of Lockheed Martin in a research report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price target on the stock. Melius Research downgraded shares of Lockheed Martin from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. JPMorgan Chase & Co. dropped their target price on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Finally, UBS Group decreased their price target on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $539.53.

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.