Lockheed Martin Co. (NYSE:LMT) Shares Sold by Wealth Dimensions Group Ltd.

Wealth Dimensions Group Ltd. lessened its holdings in Lockheed Martin Co. (NYSE:LMT) by 6.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,312 shares of the aerospace company’s stock after selling 87 shares during the period. Wealth Dimensions Group Ltd.’s holdings in Lockheed Martin were worth $637,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in LMT. Morse Asset Management Inc lifted its position in shares of Lockheed Martin by 1.0% during the third quarter. Morse Asset Management Inc now owns 3,058 shares of the aerospace company’s stock worth $1,788,000 after purchasing an additional 31 shares in the last quarter. Tudor Financial Inc. purchased a new stake in Lockheed Martin during the 3rd quarter worth $557,000. Anchor Investment Management LLC lifted its holdings in Lockheed Martin by 8.4% in the 3rd quarter. Anchor Investment Management LLC now owns 4,125 shares of the aerospace company’s stock worth $2,411,000 after buying an additional 320 shares in the last quarter. Fulcrum Equity Management boosted its position in Lockheed Martin by 4.7% in the 3rd quarter. Fulcrum Equity Management now owns 900 shares of the aerospace company’s stock valued at $526,000 after buying an additional 40 shares during the last quarter. Finally, Sculati Wealth Management LLC acquired a new stake in shares of Lockheed Martin during the third quarter valued at about $258,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on LMT shares. Royal Bank of Canada downgraded Lockheed Martin from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $550.00 to $480.00 in a report on Thursday, March 27th. Citigroup decreased their price target on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. Morgan Stanley upgraded shares of Lockheed Martin from an “equal weight” rating to an “overweight” rating and set a $575.00 price objective on the stock in a research note on Wednesday, April 16th. Truist Financial assumed coverage on shares of Lockheed Martin in a research report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 target price for the company. Finally, StockNews.com downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Tuesday, April 1st. One analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $539.93.

Insider Buying and Selling

In other Lockheed Martin news, VP Harry Edward Paul III sold 707 shares of the company’s stock in a transaction that occurred on 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 owns 2,278 shares in the company, valued at approximately $1,008,265.58. This represents a 23.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of Lockheed Martin stock in a transaction on 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 sale, the insider now directly 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. In the last ninety days, insiders sold 7,133 shares of company stock valued at $3,155,916. Corporate insiders own 0.14% of the company’s stock.

Lockheed Martin Trading Down 2.8 %

NYSE:LMT opened at $463.80 on Monday. The stock has a fifty day simple moving average of $452.24 and a 200 day simple moving average of $495.75. 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 firm has a market capitalization of $108.79 billion, a price-to-earnings ratio of 20.84, a price-to-earnings-growth ratio of 2.07 and a beta of 0.39. Lockheed Martin Co. has a 1-year low of $418.88 and a 1-year high of $618.95.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts forecast that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 3rd were given a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend was Monday, March 3rd. Lockheed Martin’s payout ratio is 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.