Evexia Wealth LLC Acquires 135 Shares of Lockheed Martin Co. (NYSE:LMT)

Evexia Wealth LLC grew its stake in Lockheed Martin Co. (NYSE:LMT) by 1.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,026 shares of the aerospace company’s stock after buying an additional 135 shares during the period. Lockheed Martin makes up approximately 1.7% of Evexia Wealth LLC’s holdings, making the stock its 20th biggest position. Evexia Wealth LLC’s holdings in Lockheed Martin were worth $4,900,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in LMT. Arete Wealth Advisors LLC acquired a new position in Lockheed Martin in the 3rd quarter valued at $1,840,000. Morse Asset Management Inc boosted its position in shares of Lockheed Martin by 1.0% in the third quarter. Morse Asset Management Inc now owns 3,058 shares of the aerospace company’s stock valued at $1,788,000 after acquiring an additional 31 shares during the period. XTX Topco Ltd bought a new position in Lockheed Martin during the third quarter worth $447,000. Vestcor Inc raised its stake in Lockheed Martin by 20.3% during the 3rd quarter. Vestcor Inc now owns 18,313 shares of the aerospace company’s stock valued at $10,705,000 after purchasing an additional 3,088 shares during the last quarter. Finally, Brophy Wealth Management LLC acquired a new stake in Lockheed Martin in the 3rd quarter worth $499,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on LMT shares. Wells Fargo & Company reduced their target price on shares of Lockheed Martin from $476.00 to $432.00 and set an “equal weight” rating for the company in a research note on Tuesday. StockNews.com lowered Lockheed Martin from a “buy” rating to a “hold” rating in a report on Tuesday, April 1st. Bank of America lowered Lockheed Martin from a “buy” rating to a “neutral” rating and cut their target price for the company from $685.00 to $485.00 in a research note on Monday, March 24th. Melius downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Monday, March 24th. Finally, Truist Financial assumed coverage on shares of Lockheed Martin in a report on Tuesday, January 14th. They set a “buy” rating and a $579.00 price objective for the company. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $536.60.

Insider Buying and Selling at Lockheed Martin

In other news, VP Harry Edward Paul III sold 707 shares of the company’s 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 completion of the sale, 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of Lockheed Martin stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total transaction of $1,421,495.46. Following the transaction, the insider now directly owns 2,000 shares in the company, valued at $884,840. The trade was a 61.63 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,133 shares of company stock worth $3,155,916. Insiders own 0.17% of the company’s stock.

Lockheed Martin Stock Performance

Shares of NYSE:LMT opened at $441.56 on Wednesday. The business has a fifty day moving average of $449.34 and a 200-day moving average of $503.31. The firm has a market cap of $103.58 billion, a PE ratio of 19.84, a price-to-earnings-growth ratio of 2.07 and a beta of 0.39. 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 twelve month low of $418.88 and a twelve month high of $618.95.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, topping analysts’ consensus estimates 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 research analysts predict that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

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. This represents a $13.20 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend was Monday, March 3rd. Lockheed Martin’s dividend payout ratio is presently 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.