Machina Capital S.A.S. Takes $1.03 Million Position in Lockheed Martin Co. (NYSE:LMT)

Machina Capital S.A.S. acquired a new position in shares of Lockheed Martin Co. (NYSE:LMT) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 2,109 shares of the aerospace company’s stock, valued at approximately $1,025,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Forte Capital LLC ADV boosted its holdings in shares of Lockheed Martin by 23.1% during the 3rd quarter. Forte Capital LLC ADV now owns 1,401 shares of the aerospace company’s stock valued at $819,000 after acquiring an additional 263 shares in the last quarter. Graypoint LLC grew its holdings in Lockheed Martin by 5.3% during the 3rd quarter. Graypoint LLC now owns 2,303 shares of the aerospace company’s stock worth $1,346,000 after acquiring an additional 115 shares during the last quarter. Advisor Resource Council bought a new position in shares of Lockheed Martin during the third quarter valued at $305,000. Principal Financial Group Inc. grew its stake in shares of Lockheed Martin by 4.0% in the third quarter. Principal Financial Group Inc. now owns 270,879 shares of the aerospace company’s stock worth $158,345,000 after purchasing an additional 10,358 shares during the last quarter. Finally, Montecito Bank & Trust increased its stake in shares of Lockheed Martin by 7.7% in the third quarter. Montecito Bank & Trust now owns 629 shares of the aerospace company’s stock valued at $368,000 after buying an additional 45 shares during the period. Institutional investors own 74.19% of the company’s stock.

Insiders Place Their Bets

In other Lockheed Martin news, VP Harry Edward Paul III sold 707 shares of the firm’s stock in a transaction 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 completion of the transaction, the vice president now owns 2,278 shares of the company’s stock, valued at approximately $1,008,265.58. This trade represents a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of Lockheed Martin stock in a transaction that occurred on 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,133 shares of company stock valued at $3,155,916 in the last ninety days. Company insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

LMT has been the subject of a number of analyst reports. Truist Financial initiated coverage on shares of Lockheed Martin in a research note on Tuesday, January 14th. They set a “buy” rating and a $579.00 target price for the company. Morgan Stanley dropped 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 note on Wednesday, January 29th. UBS Group cut their target price on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. Barclays reduced 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 research report on Monday, January 6th. Finally, Susquehanna decreased their target price on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a research report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Lockheed Martin currently has an average rating of “Moderate Buy” and an average price target of $554.20.

Lockheed Martin Stock Up 2.8 %

Shares of NYSE LMT opened at $474.31 on Friday. 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 Co. has a 52 week low of $419.70 and a 52 week high of $618.95. The company has a market cap of $111.65 billion, a P/E ratio of 21.31, a P/E/G ratio of 2.07 and a beta of 0.43. The business has a 50-day simple moving average of $462.89 and a two-hundred day simple moving average of $521.83.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, beating 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%. Research analysts anticipate that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.78%. Lockheed Martin’s dividend payout ratio (DPR) is currently 59.30%.

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.