Nemes Rush Group LLC Has $295,000 Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Nemes Rush Group LLC boosted its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 14.1% in the fourth quarter, Holdings Channel reports. The firm owned 607 shares of the aerospace company’s stock after purchasing an additional 75 shares during the quarter. Nemes Rush Group LLC’s holdings in Lockheed Martin were worth $295,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in LMT. Arete Wealth Advisors LLC bought a new position in shares of Lockheed Martin during the third quarter valued at $1,840,000. Edgestream Partners L.P. lifted its holdings in Lockheed Martin by 15.7% during the 3rd quarter. Edgestream Partners L.P. now owns 3,667 shares of the aerospace company’s stock valued at $2,144,000 after purchasing an additional 497 shares during the last quarter. Erste Asset Management GmbH acquired a new position in Lockheed Martin in the third quarter valued at about $82,000. Garden State Investment Advisory Services LLC bought a new stake in Lockheed Martin during the third quarter worth about $211,000. Finally, HighTower Advisors LLC increased its holdings in shares of Lockheed Martin by 1.4% during the third quarter. HighTower Advisors LLC now owns 369,076 shares of the aerospace company’s stock worth $215,944,000 after buying an additional 5,245 shares in the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Price Performance

Lockheed Martin stock opened at $448.39 on Wednesday. The firm has a market capitalization of $105.55 billion, a P/E ratio of 20.14, a PEG ratio of 2.07 and a beta of 0.43. The business has a 50-day moving average of $454.45 and a 200-day moving average of $508.19. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a 1 year low of $419.70 and a 1 year 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, beating the consensus estimate 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, equities analysts anticipate that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 3rd were issued a dividend of $3.30 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $13.20 annualized dividend and a yield of 2.94%. Lockheed Martin’s dividend payout ratio is presently 59.30%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on LMT shares. Truist Financial assumed coverage on Lockheed Martin in a research report on Tuesday, January 14th. They set a “buy” rating and a $579.00 price target on the stock. Deutsche Bank Aktiengesellschaft lowered Lockheed Martin from a “buy” rating to a “hold” rating and lowered their target price for the company from $611.00 to $523.00 in a research note on Thursday, January 2nd. Bank of America lowered shares of Lockheed Martin from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $685.00 to $485.00 in a report on Monday, March 24th. JPMorgan Chase & Co. reduced their target price on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Finally, Melius lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Monday, March 24th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $539.53.

Insider Buying and Selling at Lockheed Martin

In related news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $442.42, for a total value of $1,421,495.46. Following the sale, the insider now directly owns 2,000 shares of the company’s stock, valued at approximately $884,840. The trade was a 61.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 transaction, the vice president now 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,133 shares of company stock valued at $3,155,916. Company insiders own 0.17% of the company’s stock.

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.