Intellus Advisors LLC Makes New Investment in Lockheed Martin Co. (NYSE:LMT)

Intellus Advisors LLC acquired a new stake in Lockheed Martin Co. (NYSE:LMT) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,410 shares of the aerospace company’s stock, valued at approximately $1,171,000.

Other large investors have also recently made changes to their positions in the company. Forefront Wealth Management Inc. purchased a new position in shares of Lockheed Martin in the 4th quarter worth about $463,000. American Century Companies Inc. raised its position in Lockheed Martin by 3.3% in the fourth quarter. American Century Companies Inc. now owns 174,126 shares of the aerospace company’s stock worth $84,615,000 after acquiring an additional 5,548 shares during the period. Runnymede Capital Advisors Inc. purchased a new position in Lockheed Martin in the fourth quarter valued at about $42,000. Mizuho Securities USA LLC grew its position in shares of Lockheed Martin by 45.3% during the 4th quarter. Mizuho Securities USA LLC now owns 19,994 shares of the aerospace company’s stock valued at $9,716,000 after acquiring an additional 6,238 shares during the period. Finally, Virtu Financial LLC purchased a new stake in shares of Lockheed Martin during the 4th quarter worth approximately $3,504,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, VP Harry Edward Paul III sold 707 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total value 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. The trade was a 23.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the 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 in the company, 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 sold a total of 7,133 shares of company stock valued at $3,155,916 in the last quarter. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Morgan Stanley dropped their price objective on 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. Barclays cut 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. Deutsche Bank Aktiengesellschaft lowered Lockheed Martin from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $611.00 to $523.00 in a report on Thursday, January 2nd. Truist Financial started coverage on shares of Lockheed Martin in a report on Tuesday, January 14th. They set a “buy” rating and a $579.00 price objective on the stock. Finally, Citigroup reduced their target price on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Lockheed Martin currently has a consensus rating of “Moderate Buy” and a consensus price target of $554.20.

Lockheed Martin Stock Down 5.7 %

LMT opened at $440.26 on Friday. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. Lockheed Martin Co. has a one year low of $419.70 and a one year high of $618.95. The firm has a market capitalization of $103.63 billion, a P/E ratio of 19.78, a price-to-earnings-growth ratio of 2.07 and a beta of 0.43. The company has a fifty day moving average price of $460.94 and a 200-day moving average price of $515.23.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, topping 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%. Equities research analysts expect that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be given a dividend of $3.30 per share. The ex-dividend date is Monday, March 3rd. This represents a $13.20 annualized dividend and a yield of 3.00%. Lockheed Martin’s payout ratio is presently 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.