Lester Murray Antman dba SimplyRich Lowers Position in Lockheed Martin Co. (NYSE:LMT)

Lester Murray Antman dba SimplyRich trimmed its position in shares of Lockheed Martin Co. (NYSE:LMT) by 13.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,724 shares of the aerospace company’s stock after selling 408 shares during the quarter. Lester Murray Antman dba SimplyRich’s holdings in Lockheed Martin were worth $1,323,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. purchased a new position in shares of Lockheed Martin during the 3rd quarter worth approximately $26,000. Heck Capital Advisors LLC acquired a new position in Lockheed Martin during the fourth quarter worth $35,000. Capital Performance Advisors LLP purchased a new position in Lockheed Martin in the third quarter worth $40,000. Legacy Investment Solutions LLC acquired a new stake in Lockheed Martin in the third quarter valued at $42,000. Finally, Vestor Capital LLC purchased a new stake in shares of Lockheed Martin during the 3rd quarter worth $46,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LMT has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft downgraded shares of 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 report on Thursday, January 2nd. Royal Bank of Canada dropped their target price on shares of Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating for the company in a report on Wednesday, January 29th. Morgan Stanley decreased their price target on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. Truist Financial started coverage on Lockheed Martin in a research note on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price objective for the company. Finally, StockNews.com downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Lockheed Martin has a consensus rating of “Moderate Buy” and a consensus target price of $555.60.

Lockheed Martin Stock Up 0.3 %

LMT opened at $449.69 on Wednesday. The stock has a market capitalization of $105.85 billion, a price-to-earnings ratio of 20.20, a price-to-earnings-growth ratio of 2.12 and a beta of 0.48. Lockheed Martin Co. has a 12 month low of $413.92 and a 12 month high of $618.95. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. The business has a 50-day moving average of $483.39 and a two-hundred day moving average of $535.46.

Lockheed Martin (NYSE:LMT) last issued 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 net margin of 7.51% and a return on equity of 101.47%. On average, research analysts expect that Lockheed Martin Co. will post 27.14 earnings per share for the current year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be paid a $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 2.94%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s dividend payout ratio is currently 59.30%.

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.