Ensign Peak Advisors Inc Reduces Stake in Lockheed Martin Co.

Lockheed Martin Stock

Lockheed Martin Co. (LMT:NYE) recently saw a reduction in its position by Ensign Peak Advisors Inc. The company sold 15,934 shares of Lockheed Martin stock, resulting in a 7.4% decrease during the 3rd quarter. Ensign Peak Advisors Inc now owns approximately 0.08% of Lockheed Martin, worth $77,280,000. Hedge funds and institutional investors also recently bought and sold shares of LMT stock.

 

Lockheed Martin Stock-Insider Transactions:

Insider activity included Director John Donovan’s purchase of 556 shares of LMT stock in a transaction that occurred on Wednesday, January 25th, at an average price of $451.20 per share. Following the transaction, Donovan now owns 2,324 shares in the company, valued at $1,048,588.80.

 

Lockheed Martin Stock Price Analysis:

LMT stock traded up $1.20 on Thursday, hitting $475.53. The company’s stock has a 1-year low of $373.67 and a 1-year high of $498.95, with a market cap of $121.40 billion.

The stock has a price-to-earnings ratio of 21.85, a P/E/G ratio of 2.58, and a beta of 0.68. Analysts forecast that Lockheed Martin Co. will post 26.86 EPS for the current fiscal year. The company recently declared a quarterly dividend of $3.00, with a dividend yield of 2.52%.

 

Lockheed Martin Stock-Analyst Ratings:

Several brokerages have commented on LMT, with the consensus rating being “Hold” and a consensus price target of $490.43.

The Goldman Sachs Group lowered shares of Lockheed Martin from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $388.00 to $332.00 in a report on Friday, January 13th.

Morgan Stanley cut their price objective on shares of Lockheed Martin from $542.00 to $532.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 25th.

Credit Suisse Group upgraded shares of LMT stock from an “underperform” rating to an “outperform” rating and upped their target price for the company from $427.00 to $510.00 in a research note on Monday, February 6th.

 

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.

It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. Lockheed Martin Corporation was founded in 1912 and is headquartered in Bethesda, Maryland.

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