Schwarz Dygos Wheeler Investment Advisors LLC Has $224,000 Stake in Lockheed Martin Co. (NYSE:LMT)

Schwarz Dygos Wheeler Investment Advisors LLC increased its position in Lockheed Martin Co. (NYSE:LMT) by 24.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 460 shares of the aerospace company’s stock after purchasing an additional 90 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC’s holdings in Lockheed Martin were worth $224,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Capital Performance Advisors LLP bought a new position in Lockheed Martin in the 3rd quarter valued at about $40,000. Assetmark Inc. raised its stake in shares of Lockheed Martin by 1.3% in the third quarter. Assetmark Inc. now owns 1,470 shares of the aerospace company’s stock worth $859,000 after purchasing an additional 19 shares during the last quarter. Lindbrook Capital LLC lifted its holdings in shares of Lockheed Martin by 1.5% in the third quarter. Lindbrook Capital LLC now owns 1,877 shares of the aerospace company’s stock valued at $1,097,000 after purchasing an additional 28 shares in the last quarter. Tompkins Financial Corp boosted its position in shares of Lockheed Martin by 36.3% during the third quarter. Tompkins Financial Corp now owns 154 shares of the aerospace company’s stock valued at $90,000 after buying an additional 41 shares during the last quarter. Finally, Essex Savings Bank grew its holdings in Lockheed Martin by 15.2% during the third quarter. Essex Savings Bank now owns 3,336 shares of the aerospace company’s stock worth $1,950,000 after buying an additional 440 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analysts Set New Price Targets

LMT has been the topic of several recent analyst reports. Truist Financial initiated coverage on Lockheed Martin in a research note on Tuesday, January 14th. They set a “buy” rating and a $579.00 price objective on the stock. UBS Group dropped their price target on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. Citigroup reduced their price objective 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 dropped their target price on shares of 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. Finally, Wells Fargo & Company upped their target price on Lockheed Martin from $468.00 to $476.00 and gave the company an “equal weight” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $554.20.

Lockheed Martin Stock Up 2.8 %

Shares of NYSE LMT opened at $474.31 on Monday. 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 stock has a market capitalization of $111.65 billion, a PE ratio of 21.31, a P/E/G ratio of 2.07 and a beta of 0.43. Lockheed Martin Co. has a one year low of $419.70 and a one year high of $618.95. The business’s fifty day moving average price is $462.89 and its 200-day moving average price is $521.36.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 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 research analysts anticipate that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be issued a $3.30 dividend. This represents a $13.20 annualized dividend and a yield of 2.78%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s dividend payout ratio (DPR) is presently 59.30%.

Insider Activity at Lockheed Martin

In other Lockheed Martin news, VP Harry Edward Paul III sold 707 shares of the firm’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 transaction, the vice president now owns 2,278 shares in the company, valued at $1,008,265.58. This trade represents a 23.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the 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 completion of the sale, the insider now owns 2,000 shares in the company, valued at $884,840. This represents a 61.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,133 shares of company stock worth $3,155,916. Corporate insiders own 0.17% of the company’s stock.

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.