45,141 Shares in Lockheed Martin Co. (NYSE:LMT) Bought by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC bought a new stake in Lockheed Martin Co. (NYSE:LMT) in the 4th quarter, HoldingsChannel reports. The fund bought 45,141 shares of the aerospace company’s stock, valued at approximately $21,936,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Coldstream Capital Management Inc. raised its position in shares of Lockheed Martin by 2.9% in the fourth quarter. Coldstream Capital Management Inc. now owns 12,452 shares of the aerospace company’s stock worth $6,051,000 after acquiring an additional 354 shares during the period. Nebula Research & Development LLC purchased a new stake in shares of Lockheed Martin during the fourth quarter worth $349,000. Lord Abbett & CO. LLC lifted its stake in Lockheed Martin by 14.6% in the 4th quarter. Lord Abbett & CO. LLC now owns 63,246 shares of the aerospace company’s stock worth $30,734,000 after purchasing an additional 8,059 shares in the last quarter. Topsail Wealth Management LLC purchased a new position in Lockheed Martin during the fourth quarter worth approximately $370,000. Finally, Keyvantage Wealth LLC purchased a new position in shares of Lockheed Martin during the 4th quarter worth $644,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, VP Harry Edward Paul III sold 707 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total transaction of $312,925.27. Following the transaction, the vice president now directly owns 2,278 shares in the company, valued at $1,008,265.58. The trade was a 23.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 value of $1,421,495.46. Following the completion of the transaction, the insider now owns 2,000 shares in the company, valued at $884,840. This trade represents a 61.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,133 shares of company stock worth $3,155,916 in the last ninety days. 0.14% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on LMT shares. Wells Fargo & Company lowered their price objective on Lockheed Martin from $476.00 to $432.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 8th. Truist Financial initiated 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 for the company. JPMorgan Chase & Co. cut their target price on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. UBS Group raised their price target on Lockheed Martin from $481.00 to $499.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Robert W. Baird upgraded shares of Lockheed Martin from a “neutral” rating to an “outperform” rating and set a $540.00 target price for the company in a report on Wednesday. Eight investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Lockheed Martin currently has a consensus rating of “Moderate Buy” and a consensus target price of $544.79.

Lockheed Martin Trading Up 2.4 %

NYSE:LMT opened at $477.82 on Friday. The business’s 50 day moving average is $455.79 and its two-hundred day moving average is $492.43. Lockheed Martin Co. has a 52 week low of $418.88 and a 52 week high of $618.95. The company has a market cap of $112.08 billion, a PE ratio of 21.47, a P/E/G ratio of 2.07 and a beta of 0.39. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.34 by $0.94. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. The company had revenue of $17.96 billion during the quarter, compared to the consensus estimate of $17.83 billion. On average, analysts predict that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 3rd were given a $3.30 dividend. This represents a $13.20 annualized dividend and a yield of 2.76%. The ex-dividend date of this dividend was Monday, March 3rd. Lockheed Martin’s dividend payout ratio (DPR) is presently 57.02%.

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.