Longview Financial Advisors Inc. Sells 46 Shares of Lockheed Martin Co. (NYSE:LMT)

Longview Financial Advisors Inc. decreased its position in shares of Lockheed Martin Co. (NYSE:LMT) by 9.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 431 shares of the aerospace company’s stock after selling 46 shares during the quarter. Longview Financial Advisors Inc.’s holdings in Lockheed Martin were worth $209,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Semus Wealth Partners LLC boosted its position in Lockheed Martin by 19.0% during the fourth quarter. Semus Wealth Partners LLC now owns 659 shares of the aerospace company’s stock worth $320,000 after purchasing an additional 105 shares during the period. Allied Investment Advisors LLC boosted its holdings in Lockheed Martin by 0.5% in the 4th quarter. Allied Investment Advisors LLC now owns 18,715 shares of the aerospace company’s stock worth $9,094,000 after buying an additional 89 shares during the period. Bank of Jackson Hole Trust purchased a new position in Lockheed Martin in the 4th quarter valued at approximately $733,000. Callahan Advisors LLC raised its holdings in Lockheed Martin by 46.0% during the 4th quarter. Callahan Advisors LLC now owns 4,615 shares of the aerospace company’s stock valued at $2,243,000 after acquiring an additional 1,454 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund lifted its position in shares of Lockheed Martin by 51.7% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 9,528 shares of the aerospace company’s stock worth $4,630,000 after acquiring an additional 3,247 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Price Performance

LMT stock opened at $428.35 on Wednesday. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. The firm has a market cap of $100.83 billion, a P/E ratio of 19.24, a P/E/G ratio of 2.00 and a beta of 0.48. The firm’s fifty day moving average is $473.65 and its 200 day moving average is $531.03. Lockheed Martin Co. has a 52 week low of $419.70 and a 52 week high of $618.95.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, beating analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. Research analysts predict that Lockheed Martin Co. will post 27.14 earnings per share for the current year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be issued a $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 3.08%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s dividend payout ratio is 59.30%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on LMT shares. Barclays reduced their price target on 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. Wells Fargo & Company reduced their target price on Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating for the company in a report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating and lowered their price target for the stock from $611.00 to $523.00 in a report on Thursday, January 2nd. Truist Financial began coverage on shares of Lockheed Martin in a report on Tuesday, January 14th. They set a “buy” rating and a $579.00 target price on the stock. Finally, Citigroup cut their price target on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Lockheed Martin presently has a consensus rating of “Moderate Buy” and an average target price of $555.60.

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.