Lockheed Martin Co. (NYSE:LMT) Shares Acquired by Jump Financial LLC

by · The Cerbat Gem

Jump Financial LLC boosted its stake in Lockheed Martin Co. (NYSE:LMT – Free Report) by 1,145.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 51,746 shares of the aerospace company’s stock after buying an additional 47,591 shares during the quarter. Lockheed Martin comprises approximately 0.5% of Jump Financial LLC’s portfolio, making the stock its 18th biggest holding. Jump Financial LLC’s holdings in Lockheed Martin were worth $25,145,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of LMT. Millstone Evans Group LLC purchased a new stake in shares of Lockheed Martin during the fourth quarter worth approximately $32,000. Mizuho Securities Co. Ltd. purchased a new stake in shares of Lockheed Martin during the fourth quarter worth $34,000. Heck Capital Advisors LLC purchased a new position in shares of Lockheed Martin in the fourth quarter worth about $35,000. Redwood Park Advisors LLC acquired a new position in Lockheed Martin during the fourth quarter worth about $40,000. Finally, Runnymede Capital Advisors Inc. purchased a new stake in Lockheed Martin during the 4th quarter valued at about $42,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on LMT shares. Truist Financial initiated coverage on Lockheed Martin in a report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price target for the company. Citigroup reduced their price target on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. Wells Fargo & Company cut their price objective 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. Royal Bank of Canada lowered shares of Lockheed Martin from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $550.00 to $480.00 in a report on Thursday, March 27th. Finally, JPMorgan Chase & Co. cut their price target on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $536.60.

Check Out Our Latest Research Report on Lockheed Martin

Lockheed Martin Stock Performance

Shares of LMT stock opened at $475.44 on Tuesday. The firm has a 50 day moving average of $450.55 and a two-hundred day moving average of $499.42. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a 52 week low of $418.88 and a 52 week high of $618.95. The stock has a market capitalization of $111.53 billion, a PE ratio of 21.36, a P/E/G ratio of 2.07 and a beta of 0.39.

Lockheed Martin (NYSE:LMT – Get Free Report) last posted its quarterly 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%. On average, research analysts predict that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Monday, March 3rd were issued a $3.30 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.78%. Lockheed Martin’s payout ratio is 59.30%.

Insider Buying and Selling

In other news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of Lockheed Martin stock in a transaction that occurred on Wednesday, February 26th. The shares were 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 directly owns 2,000 shares in the company, valued at approximately $884,840. This trade represents a 61.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Harry Edward Paul III sold 707 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total value of $312,925.27. Following the completion of the sale, the vice president now directly owns 2,278 shares in the company, valued at $1,008,265.58. This trade represents a 23.69 % decrease in their position. 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 quarter. 0.17% of the stock is currently owned by insiders.

Lockheed Martin Company Profile

(Free Report)

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.

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