National Pension Service Purchases 11,635 Shares of Lockheed Martin Co. (NYSE:LMT)

National Pension Service lifted its position in shares of Lockheed Martin Co. (NYSE:LMT) by 2.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 424,339 shares of the aerospace company’s stock after purchasing an additional 11,635 shares during the quarter. National Pension Service’s holdings in Lockheed Martin were worth $206,203,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in LMT. Sunburst Financial Group LLC lifted its holdings in Lockheed Martin by 3.3% during the third quarter. Sunburst Financial Group LLC now owns 566 shares of the aerospace company’s stock worth $331,000 after acquiring an additional 18 shares in the last quarter. Salomon & Ludwin LLC lifted its holdings in shares of Lockheed Martin by 20.5% during the 3rd quarter. Salomon & Ludwin LLC now owns 106 shares of the aerospace company’s stock valued at $62,000 after purchasing an additional 18 shares in the last quarter. Lmcg Investments LLC grew its position in shares of Lockheed Martin by 3.0% in the 3rd quarter. Lmcg Investments LLC now owns 651 shares of the aerospace company’s stock valued at $381,000 after purchasing an additional 19 shares during the period. Klingman & Associates LLC increased its stake in Lockheed Martin by 1.1% during the 3rd quarter. Klingman & Associates LLC now owns 1,729 shares of the aerospace company’s stock worth $1,011,000 after purchasing an additional 19 shares in the last quarter. Finally, Platform Technology Partners raised its holdings in Lockheed Martin by 0.5% during the 3rd quarter. Platform Technology Partners now owns 4,122 shares of the aerospace company’s stock worth $2,409,000 after buying an additional 19 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Up 1.8 %

Shares of LMT stock opened at $448.34 on Wednesday. The firm’s 50-day moving average is $468.06 and its 200-day moving average is $527.23. The stock has a market cap of $105.53 billion, a price-to-earnings ratio of 20.14, a PEG 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 52-week low of $419.70 and a 52-week high of $618.95.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, topping the consensus estimate of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. Sell-side analysts predict that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The business 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. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 annualized dividend and a dividend yield of 2.94%. Lockheed Martin’s dividend payout ratio is currently 59.30%.

Analysts Set New Price Targets

LMT has been the subject of several research analyst reports. Truist Financial initiated coverage on shares of Lockheed Martin in a report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price target for the company. Susquehanna lowered their target price on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft downgraded Lockheed Martin from a “buy” rating to a “hold” rating and dropped their price target for the company from $611.00 to $523.00 in a research note on Thursday, January 2nd. JPMorgan Chase & Co. decreased their price objective on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Finally, Citigroup cut their target price on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $555.60.

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.