Blueprint Investment Partners LLC Has $249,000 Stake in Lockheed Martin Co. (NYSE:LMT)

Blueprint Investment Partners LLC reduced its holdings in Lockheed Martin Co. (NYSE:LMT) by 43.0% during the 4th quarter, HoldingsChannel reports. The firm owned 512 shares of the aerospace company’s stock after selling 386 shares during the quarter. Blueprint Investment Partners LLC’s holdings in Lockheed Martin were worth $249,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in LMT. Mosley Wealth Management raised its stake in Lockheed Martin by 12.1% during the 4th quarter. Mosley Wealth Management now owns 528 shares of the aerospace company’s stock valued at $240,000 after purchasing an additional 57 shares during the last quarter. Sfmg LLC grew its position in Lockheed Martin by 56.1% during the fourth quarter. Sfmg LLC now owns 1,363 shares of the aerospace company’s stock worth $662,000 after buying an additional 490 shares in the last quarter. Intellus Advisors LLC bought a new position in Lockheed Martin during the fourth quarter valued at about $1,171,000. Forefront Wealth Management Inc. acquired a new position in Lockheed Martin in the 4th quarter valued at approximately $463,000. Finally, American Century Companies Inc. raised its stake in shares of Lockheed Martin by 3.3% in the fourth quarter. American Century Companies Inc. now owns 174,126 shares of the aerospace company’s stock valued at $84,615,000 after purchasing an additional 5,548 shares in the last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Price Performance

Shares of LMT opened at $440.26 on Monday. The stock has a market cap of $103.63 billion, a P/E ratio of 19.78, a price-to-earnings-growth ratio of 2.07 and a beta of 0.43. Lockheed Martin Co. has a 1 year low of $419.70 and a 1 year high of $618.95. The stock’s 50-day moving average price is $460.94 and its two-hundred day moving average price is $514.45. 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 (NYSE:LMT) last announced its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (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 predict that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be given a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s dividend payout ratio is presently 59.30%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Royal Bank of Canada decreased their target price on shares of Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 29th. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of Lockheed Martin in a research note on Monday, March 10th. Barclays dropped 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 research report on Monday, January 6th. 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 price target on the stock. Finally, 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 report on Wednesday, January 29th. One investment 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $554.20.

Insider Buying and Selling at Lockheed Martin

In related news, VP Harry Edward Paul III sold 707 shares of the business’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 in the company, valued at approximately $1,008,265.58. The trade was a 23.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the 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 completion of the sale, the insider now owns 2,000 shares of the company’s stock, valued at approximately $884,840. This represents a 61.63 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,133 shares of company stock worth $3,155,916. Corporate 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.