Lockheed Martin Co. (NYSE:LMT) Shares Bought by Biondo Investment Advisors LLC

Biondo Investment Advisors LLC lifted its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,625 shares of the aerospace company’s stock after acquiring an additional 181 shares during the quarter. Lockheed Martin accounts for about 1.4% of Biondo Investment Advisors LLC’s portfolio, making the stock its 25th largest position. Biondo Investment Advisors LLC’s holdings in Lockheed Martin were worth $10,509,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Itau Unibanco Holding S.A. acquired a new stake in Lockheed Martin in the 3rd quarter valued at about $26,000. Millstone Evans Group LLC acquired a new position in Lockheed Martin during the 4th quarter worth approximately $32,000. Mizuho Securities Co. Ltd. purchased a new stake in shares of Lockheed Martin in the 4th quarter valued at approximately $34,000. Heck Capital Advisors LLC acquired a new stake in shares of Lockheed Martin in the 4th quarter valued at $35,000. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of Lockheed Martin during the 3rd quarter worth $42,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Lockheed Martin

In other news, VP Harry Edward Paul III sold 707 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total transaction of $312,925.27. Following the transaction, the vice president now directly owns 2,278 shares of the company’s stock, valued at $1,008,265.58. This represents a 23.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 sale, the insider now owns 2,000 shares of the company’s stock, valued at $884,840. This trade represents a 61.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,133 shares of company stock worth $3,155,916 over the last ninety days. 0.17% of the stock is currently owned by company insiders.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $441.41 on Friday. The stock’s 50-day moving average price is $456.49 and its 200 day moving average price is $510.73. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. The stock has a market capitalization of $103.90 billion, a PE ratio of 19.83, a price-to-earnings-growth ratio of 2.07 and a beta of 0.43. Lockheed Martin Co. has a 52-week low of $419.70 and a 52-week high of $618.95.

Lockheed Martin (NYSE:LMT) last released its quarterly 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%. As a group, equities research analysts forecast that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 3rd were issued a $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 2.99%. The ex-dividend date was Monday, March 3rd. Lockheed Martin’s payout ratio is 59.30%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft cut Lockheed Martin from a “buy” rating to a “hold” rating and cut 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 target price on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. StockNews.com raised shares of Lockheed Martin from a “hold” rating to a “buy” rating in a report on Monday, March 24th. Barclays lowered their target price on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. Finally, Truist Financial initiated coverage on shares of Lockheed Martin in a research note on Tuesday, January 14th. They set a “buy” rating and a $579.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Lockheed Martin currently has a consensus rating of “Hold” and an average target price of $539.53.

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.