CBIZ Investment Advisory Services LLC Purchases 68 Shares of Lockheed Martin Co. (NYSE:LMT)

CBIZ Investment Advisory Services LLC increased its holdings in Lockheed Martin Co. (NYSE:LMT) by 75.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 158 shares of the aerospace company’s stock after purchasing an additional 68 shares during the period. CBIZ Investment Advisory Services LLC’s holdings in Lockheed Martin were worth $77,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of LMT. Assetmark Inc. lifted its stake in 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. GSA Capital Partners LLP bought a new stake in shares of Lockheed Martin during the 3rd quarter worth approximately $780,000. CIBC Asset Management Inc grew its position in Lockheed Martin by 4.5% in the 3rd quarter. CIBC Asset Management Inc now owns 46,497 shares of the aerospace company’s stock valued at $27,180,000 after acquiring an additional 1,987 shares during the last quarter. KCM Investment Advisors LLC increased its stake in Lockheed Martin by 2.3% in the third quarter. KCM Investment Advisors LLC now owns 5,402 shares of the aerospace company’s stock worth $3,158,000 after purchasing an additional 120 shares during the period. Finally, Coastline Trust Co lifted its position in shares of Lockheed Martin by 2.2% during the third quarter. Coastline Trust Co now owns 3,538 shares of the aerospace company’s stock worth $2,068,000 after purchasing an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Down 0.2 %

Lockheed Martin stock opened at $467.07 on Friday. Lockheed Martin Co. has a 1-year low of $419.70 and a 1-year high of $618.95. The business has a fifty day moving average price of $461.39 and a 200-day moving average price of $518.51. 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 $109.94 billion, a price-to-earnings ratio of 20.98, a PEG ratio of 2.07 and a beta of 0.43.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, topping 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%. Equities research analysts forecast that Lockheed Martin Co. will post 27.15 EPS for the current fiscal 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 annualized dividend and a dividend yield of 2.83%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s payout ratio is 59.30%.

Insider Activity

In other Lockheed Martin news, VP Harry Edward Paul III sold 707 shares of Lockheed Martin stock in a transaction dated 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. This trade represents a 23.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the company’s stock in a transaction dated Wednesday, February 26th. The stock was 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 in the company, valued at $884,840. The trade was a 61.63 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,133 shares of company stock valued at $3,155,916. Company insiders own 0.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on LMT shares. Susquehanna cut their price target on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating on the stock in a report on Wednesday, January 29th. Royal Bank of Canada lowered their price objective on shares of Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating for the company in a research note on Wednesday, January 29th. JPMorgan Chase & Co. cut their target price on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. 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 for the company. Finally, Citigroup cut their price objective on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Lockheed Martin currently has an average rating of “Moderate Buy” and a consensus target price of $554.20.

Lockheed Martin Company 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.