Jones Financial Companies Lllp Buys 21,437 Shares of Lockheed Martin Co. (NYSE:LMT)

Jones Financial Companies Lllp boosted its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 33.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 85,740 shares of the aerospace company’s stock after buying an additional 21,437 shares during the quarter. Jones Financial Companies Lllp’s holdings in Lockheed Martin were worth $41,664,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of LMT. SRS Capital Advisors Inc. raised its stake in Lockheed Martin by 246.6% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,374 shares of the aerospace company’s stock valued at $1,154,000 after purchasing an additional 1,689 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of Lockheed Martin in the fourth quarter worth about $52,000. Smartleaf Asset Management LLC grew its holdings in Lockheed Martin by 50.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,181 shares of the aerospace company’s stock worth $1,054,000 after acquiring an additional 734 shares in the last quarter. Hickory Point Bank & Trust bought a new position in Lockheed Martin during the 4th quarter worth about $210,000. Finally, Purkiss Capital Advisors LLC bought a new position in Lockheed Martin during the 4th quarter worth about $382,000. 74.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on LMT. StockNews.com lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. Truist Financial started coverage on shares of Lockheed Martin in a research report on Tuesday, January 14th. They set a “buy” rating and a $579.00 price target for the company. Susquehanna dropped their price target on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating on the stock in a research note on Wednesday, January 29th. Royal Bank of Canada decreased their price objective on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $553.67.

Insider Buying and Selling

In other Lockheed Martin news, VP Harry Edward Paul III sold 707 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total transaction of $312,925.27. Following the completion of the transaction, the vice president now owns 2,278 shares in the company, valued at approximately $1,008,265.58. The trade was a 23.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the company’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 completion of the sale, the insider now owns 2,000 shares of the company’s stock, valued at approximately $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 have sold 7,133 shares of company stock valued at $3,155,916. Corporate insiders own 0.17% of the company’s stock.

Lockheed Martin Stock Up 0.8 %

Shares of NYSE:LMT opened at $450.19 on Friday. The stock’s 50-day moving average price is $465.79 and its two-hundred day moving average price is $525.10. 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 12-month low of $419.70 and a 12-month high of $618.95. The firm has a market cap of $105.97 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 2.07 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, beating the consensus estimate of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. On average, research analysts forecast that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be given a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a yield of 2.93%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s dividend payout ratio (DPR) is presently 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.