Lockheed Martin Corporation $LMT Shares Sold by Baldwin Investment Management LLC

Baldwin Investment Management LLC decreased its position in Lockheed Martin Corporation (NYSE:LMT) by 49.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,350 shares of the aerospace company’s stock after selling 1,343 shares during the quarter. Baldwin Investment Management LLC’s holdings in Lockheed Martin were worth $674,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Lockheed Martin by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 21,697,527 shares of the aerospace company’s stock valued at $10,048,993,000 after buying an additional 214,565 shares during the period. Geode Capital Management LLC lifted its holdings in Lockheed Martin by 0.4% in the second quarter. Geode Capital Management LLC now owns 4,884,954 shares of the aerospace company’s stock worth $2,256,147,000 after acquiring an additional 19,459 shares during the last quarter. Legal & General Group Plc lifted its holdings in Lockheed Martin by 0.6% in the second quarter. Legal & General Group Plc now owns 959,510 shares of the aerospace company’s stock worth $444,387,000 after acquiring an additional 6,073 shares during the last quarter. AQR Capital Management LLC boosted its stake in Lockheed Martin by 6.9% in the second quarter. AQR Capital Management LLC now owns 863,839 shares of the aerospace company’s stock valued at $400,079,000 after acquiring an additional 55,607 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in shares of Lockheed Martin by 16.6% during the second quarter. Ameriprise Financial Inc. now owns 761,382 shares of the aerospace company’s stock valued at $347,381,000 after purchasing an additional 108,553 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Performance

LMT stock opened at $659.80 on Tuesday. The company has a 50-day simple moving average of $567.39 and a 200 day simple moving average of $504.43. The company has a market capitalization of $151.81 billion, a P/E ratio of 30.70, a PEG ratio of 1.19 and a beta of 0.23. The company has a quick ratio of 0.94, a current ratio of 1.09 and a debt-to-equity ratio of 3.05. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $669.75.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Thursday, January 29th. The aerospace company reported $5.80 EPS for the quarter, missing analysts’ consensus estimates of $6.33 by ($0.53). The company had revenue of $20.32 billion for the quarter, compared to the consensus estimate of $19.84 billion. Lockheed Martin had a return on equity of 108.53% and a net margin of 6.69%.The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter last year, the firm posted $7.67 earnings per share. Sell-side analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Monday, March 2nd will be paid a dividend of $3.45 per share. This represents a $13.80 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Monday, March 2nd. Lockheed Martin’s dividend payout ratio (DPR) is presently 64.22%.

Analyst Ratings Changes

A number of analysts have recently weighed in on LMT shares. Deutsche Bank Aktiengesellschaft increased their price target on Lockheed Martin from $492.00 to $611.00 and gave the stock a “hold” rating in a research report on Friday, January 30th. JPMorgan Chase & Co. increased their target price on Lockheed Martin from $515.00 to $680.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. Morgan Stanley set a $675.00 price target on shares of Lockheed Martin in a report on Wednesday, February 4th. Wall Street Zen cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 8th. Finally, Truist Financial boosted their target price on shares of Lockheed Martin from $605.00 to $695.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Six equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $612.50.

About Lockheed Martin

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.