7 hours Ago By ABMN Staff
Assetmark Inc. increased its holdings in shares of Lockheed Martin Co. ( NYSE:LMT – Free Report ) by 21.
5% during the fourth quarter, HoldingsChannel reports. The fund owned 1,786 shares of the aerospace company’s stock after buying an additional 316 shares during the period. Assetmark Inc.
’s holdings in Lockheed Martin were worth $868,000 at the end of the most recent reporting period. Several other large investors have also recently bought and sold shares of the business. Itau Unibanco Holding S.
A. acquired a new position in shares of Lockheed Martin during the 3rd quarter worth $26,000. Heck Capital Advisors LLC acquired a new position in Lockheed Martin during the fourth quarter worth about $35,000.
Legacy Investment Solutions LLC purchased a new position in Lockheed Martin in the third quarter valued at about $42,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Lockheed Martin during the 4th quarter valued at approximately $47,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Lockheed Martin during the 4th quarter worth approximately $52,000.
Hedge funds and other institutional investors own 74.19% of the company’s stock. Analyst Upgrades and Downgrades Several research firms recently weighed in on LMT.
Morgan Stanley dropped their price objective on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th.
Royal Bank of Canada dropped their price target on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating for the company in a research report on Wednesday, January 29th.
Citigroup decreased their price objective on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st.
Deutsche Bank Aktiengesellschaft downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating and dropped their target price for the company from $611.00 to $523.00 in a report on Thursday, January 2nd.
Finally, StockNews.com downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Friday, January 31st. One equities 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 issued a strong buy rating to the company’s stock.
According to MarketBeat, Lockheed Martin presently has an average rating of “Moderate Buy” and a consensus price target of $554.20. Lockheed Martin Stock Down 2.
0 % LMT stock opened at $469.40 on Wednesday. The company has a 50 day moving average price of $462.
46 and a two-hundred day moving average price of $520.20. The company has a debt-to-equity ratio of 3.
10, a quick ratio of 0.95 and a current ratio of 1.13.
The stock has a market capitalization of $110.49 billion, a P/E ratio of 21.09, a PEG ratio of 2.
07 and a beta of 0.43. Lockheed Martin Co.
has a one year low of $419.70 and a one year high of $618.95.
Lockheed Martin ( NYSE:LMT – Get Free Report ) last announced its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, beating analysts’ consensus estimates 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, sell-side analysts expect that Lockheed Martin Co.
will post 27.15 EPS 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 $3.30 dividend. The ex-dividend date is Monday, March 3rd.
This represents a $13.20 annualized dividend and a dividend yield of 2.81%.
Lockheed Martin’s dividend payout ratio is presently 59.30%. Insider Activity at Lockheed Martin In other news, VP Harry Edward Paul III sold 707 shares of Lockheed Martin stock in a transaction dated Wednesday, February 26th.
The stock was sold at an average price of $442.61, for a total value of $312,925.27.
Following the transaction, the vice president now directly owns 2,278 shares of the company’s stock, valued at $1,008,265.58. The trade was a 23.
69 % decrease in their position. The transaction was disclosed in a document filed 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 stock was sold at an average price of $442.
42, for a total value of $1,421,495.46. Following the sale, the insider now owns 2,000 shares of the company’s stock, valued at $884,840.
The trade was a 61.63 % decrease in their position. The disclosure for this sale can be found here .
Over the last three months, insiders sold 7,133 shares of company stock worth $3,155,916. 0.17% of the stock is owned by company insiders.
Lockheed Martin Profile ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding LMT? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Lockheed Martin Co. ( NYSE:LMT – Free Report ). Receive News & Ratings for Lockheed Martin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lockheed Martin and related companies with MarketBeat.
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