Parametrica Management Ltd Purchases New Position in Lockheed Martin Co. (NYSE:LMT)

Parametrica Management Ltd bought a new position in Lockheed Martin Co. (NYSE:LMT) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,414 shares of the aerospace company’s stock, valued at approximately $1,659,000. Lockheed Martin accounts for 2.2% of Parametrica Management Ltd’s holdings, making the stock its 14th largest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Ausdal Financial Partners Inc. grew its holdings in Lockheed Martin by 35.1% during the 4th quarter. Ausdal Financial Partners Inc. now owns 1,983 shares of the aerospace company’s stock valued at $964,000 after purchasing an additional 515 shares in the last quarter. Mizuho Securities Co. Ltd. purchased a new position in Lockheed Martin in the 4th quarter valued at about $34,000. Ipsen Advisor Group LLC acquired a new stake in shares of Lockheed Martin during the fourth quarter valued at about $464,000. Summitry LLC lifted its stake in shares of Lockheed Martin by 6.9% in the fourth quarter. Summitry LLC now owns 10,205 shares of the aerospace company’s stock worth $4,959,000 after acquiring an additional 661 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new position in Lockheed Martin in the fourth quarter valued at about $206,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Stock Performance

Lockheed Martin stock opened at $442.63 on Wednesday. The stock has a 50-day simple moving average of $459.13 and a 200 day simple moving average of $512.63. The stock has a market capitalization of $104.19 billion, a price-to-earnings ratio of 19.88, a P/E/G ratio of 2.07 and a beta of 0.43. Lockheed Martin Co. has a 12-month low of $419.70 and a 12-month high of $618.95. 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 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 net margin of 7.51% and a return on equity of 101.47%. On average, research analysts anticipate that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be issued a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s dividend payout ratio is 59.30%.

Insider Activity at Lockheed Martin

In other news, VP Harry Edward Paul III sold 707 shares of the 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 completion of the sale, the vice president now owns 2,278 shares of the company’s stock, valued at approximately $1,008,265.58. This represents a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the company’s stock in a transaction 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 completion of the sale, the insider now directly owns 2,000 shares in the company, valued at approximately $884,840. This represents a 61.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,133 shares of company stock worth $3,155,916. Corporate insiders own 0.17% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on LMT shares. Barclays cut their target price on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research report on Monday, January 6th. Morgan Stanley reduced 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. 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 target price for the company. Melius cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Wells Fargo & Company reissued an “equal weight” rating on shares of Lockheed Martin in a report on Monday, March 10th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $544.20.

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.