SRS Capital Advisors Inc. Raises Position in Lockheed Martin Co. (NYSE:LMT)

SRS Capital Advisors Inc. grew its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 246.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,374 shares of the aerospace company’s stock after purchasing an additional 1,689 shares during the period. SRS Capital Advisors Inc.’s holdings in Lockheed Martin were worth $1,154,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Lockheed Martin during the 4th quarter valued at $52,000. Smartleaf Asset Management LLC lifted its holdings in shares of Lockheed Martin by 50.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,181 shares of the aerospace company’s stock valued at $1,054,000 after purchasing an additional 734 shares during the last quarter. Hickory Point Bank & Trust purchased a new stake in shares of Lockheed Martin during the 4th quarter valued at $210,000. Purkiss Capital Advisors LLC purchased a new stake in shares of Lockheed Martin during the 4th quarter valued at $382,000. Finally, Capital Wealth Planning LLC lifted its holdings in shares of Lockheed Martin by 97.8% during the 4th quarter. Capital Wealth Planning LLC now owns 716 shares of the aerospace company’s stock valued at $348,000 after purchasing an additional 354 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LMT. Truist Financial began coverage on Lockheed Martin in a research report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 target price on the stock. Royal Bank of Canada cut their target price on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 29th. StockNews.com downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. Susquehanna cut their target price on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating on the stock in a research report on Wednesday, January 29th. Finally, Morgan Stanley cut their target price on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $553.67.

Insider Activity

In related news, VP Harry Edward Paul III sold 707 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were 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 approximately $1,008,265.58. This trade represents a 23.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 2,000 shares in the company, valued at $884,840. This represents 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 worth $3,155,916 in the last ninety days. Company insiders own 0.17% of the company’s stock.

Lockheed Martin Price Performance

Shares of LMT opened at $450.19 on Monday. The business’s 50-day moving average is $465.79 and its two-hundred day moving average is $524.83. The company has a market capitalization of $105.97 billion, a P/E ratio of 20.22, a P/E/G ratio of 2.07 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. Lockheed Martin Co. has a fifty-two week low of $419.70 and a fifty-two week high of $618.95.

Lockheed Martin (NYSE:LMT) last posted its earnings results 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%. Research analysts predict that Lockheed Martin Co. will post 27.15 earnings per share for the current 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 2.93%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s dividend payout ratio (DPR) 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.