Wills Financial Group Inc. Sells 1,838 Shares of Lockheed Martin Co. (NYSE:LMT)

Wills Financial Group Inc. decreased its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 8.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 21,172 shares of the aerospace company’s stock after selling 1,838 shares during the quarter. Lockheed Martin makes up about 4.4% of Wills Financial Group Inc.’s holdings, making the stock its 4th biggest holding. Wills Financial Group Inc.’s holdings in Lockheed Martin were worth $10,288,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. CFS Investment Advisory Services LLC increased its holdings in shares of Lockheed Martin by 2.0% in the 4th quarter. CFS Investment Advisory Services LLC now owns 1,091 shares of the aerospace company’s stock worth $530,000 after acquiring an additional 21 shares during the period. Wynn Capital LLC grew its position in Lockheed Martin by 1.0% in the 4th quarter. Wynn Capital LLC now owns 2,185 shares of the aerospace company’s stock worth $1,062,000 after purchasing an additional 22 shares during the last quarter. PBMares Wealth Management LLC increased its stake in shares of Lockheed Martin by 0.6% in the fourth quarter. PBMares Wealth Management LLC now owns 3,745 shares of the aerospace company’s stock valued at $1,820,000 after purchasing an additional 22 shares during the period. Nvwm LLC raised its holdings in shares of Lockheed Martin by 2.5% during the fourth quarter. Nvwm LLC now owns 908 shares of the aerospace company’s stock valued at $441,000 after buying an additional 22 shares during the last quarter. Finally, Schear Investment Advisers LLC boosted its position in shares of Lockheed Martin by 2.0% during the fourth quarter. Schear Investment Advisers LLC now owns 1,147 shares of the aerospace company’s stock worth $557,000 after buying an additional 22 shares during the period. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Insider Transactions at Lockheed Martin

In other news, VP Harry Edward Paul III sold 707 shares of Lockheed Martin 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 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the 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 directly owns 2,000 shares of the company’s stock, valued at approximately $884,840. This represents a 61.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,133 shares of company stock valued at $3,155,916 over the last ninety days. Corporate insiders own 0.14% of the company’s stock.

Lockheed Martin Price Performance

NYSE LMT opened at $477.82 on Friday. Lockheed Martin Co. has a 1 year low of $418.88 and a 1 year high of $618.95. The business’s fifty day moving average is $455.79 and its two-hundred day moving average is $492.43. The stock has a market capitalization of $112.08 billion, a P/E ratio of 21.47, a P/E/G ratio of 2.07 and a beta of 0.39. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.34 by $0.94. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. The company had revenue of $17.96 billion for the quarter, compared to analyst estimates of $17.83 billion. On average, research analysts forecast that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 3rd were issued a $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 2.76%. The ex-dividend date was Monday, March 3rd. Lockheed Martin’s payout ratio is 57.02%.

Analyst Upgrades and Downgrades

LMT has been the topic of several analyst reports. Truist Financial assumed coverage on Lockheed Martin in a research report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 target price on the stock. Baird R W upgraded shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Wells Fargo & Company decreased their target price on shares of Lockheed Martin from $476.00 to $432.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 8th. 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 report on Wednesday, January 29th. Finally, Morgan Stanley upgraded shares of Lockheed Martin from an “equal weight” rating to an “overweight” rating and set a $575.00 price objective for the company in a report on Wednesday, April 16th. Eight investment analysts have rated the stock with 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, Lockheed Martin presently has a consensus rating of “Moderate Buy” and an average target price of $544.79.

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.