Lockheed Martin Co. (NYSE:LMT) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC decreased its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 2.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 183,297 shares of the aerospace company’s stock after selling 3,790 shares during the quarter. Chevy Chase Trust Holdings LLC owned about 0.08% of Lockheed Martin worth $89,071,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Asset Planning Inc acquired a new stake in shares of Lockheed Martin during the fourth quarter worth $859,000. Vicus Capital boosted its holdings in shares of Lockheed Martin by 2.3% during the fourth quarter. Vicus Capital now owns 1,779 shares of the aerospace company’s stock worth $865,000 after purchasing an additional 40 shares during the last quarter. W.H. Cornerstone Investments Inc. boosted its holdings in shares of Lockheed Martin by 81.2% during the fourth quarter. W.H. Cornerstone Investments Inc. now owns 1,332 shares of the aerospace company’s stock worth $647,000 after purchasing an additional 597 shares during the last quarter. First Merchants Corp boosted its holdings in shares of Lockheed Martin by 0.4% during the fourth quarter. First Merchants Corp now owns 16,212 shares of the aerospace company’s stock worth $7,878,000 after purchasing an additional 71 shares during the last quarter. Finally, Rooted Wealth Advisors Inc. boosted its holdings in shares of Lockheed Martin by 55.4% during the fourth quarter. Rooted Wealth Advisors Inc. now owns 1,139 shares of the aerospace company’s stock worth $528,000 after purchasing an additional 406 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Wells Fargo & Company reduced their target price on Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating on the stock in a report on Thursday, January 30th. TD Cowen lifted their target price on Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Royal Bank of Canada reduced their target price on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a report on Wednesday, January 29th. Citigroup reduced their target price on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. Finally, Truist Financial assumed coverage on Lockheed Martin in a report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 target price on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $555.60.

Lockheed Martin Stock Down 1.7 %

Shares of NYSE LMT opened at $434.36 on Friday. Lockheed Martin Co. has a 1 year low of $413.92 and a 1 year high of $618.95. The firm has a market cap of $102.24 billion, a price-to-earnings ratio of 19.51, a PEG ratio of 2.12 and a beta of 0.48. 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’s 50-day simple moving average is $480.54 and its 200-day simple moving average is $534.28.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) 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%. As a group, equities analysts anticipate that Lockheed Martin Co. will post 27.14 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be given a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s payout ratio is 59.30%.

Lockheed Martin 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.