Atlantic Union Bankshares Corp Has $3.72 Million Stake in Lockheed Martin Corporation (NYSE:LMT)

Atlantic Union Bankshares Corp raised its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 27.0% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 8,317 shares of the aerospace company's stock after buying an additional 1,766 shares during the period. Atlantic Union Bankshares Corp's holdings in Lockheed Martin were worth $3,715,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC raised its holdings in Lockheed Martin by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 4,887,242 shares of the aerospace company's stock worth $2,374,557,000 after purchasing an additional 59,597 shares during the last quarter. Northern Trust Corp grew its position in shares of Lockheed Martin by 6.3% during the 4th quarter. Northern Trust Corp now owns 2,260,910 shares of the aerospace company's stock worth $1,098,667,000 after buying an additional 134,662 shares during the period. Invesco Ltd. raised its stake in shares of Lockheed Martin by 17.5% during the fourth quarter. Invesco Ltd. now owns 2,131,928 shares of the aerospace company's stock worth $1,035,989,000 after buying an additional 318,007 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Lockheed Martin by 41,104.9% in the first quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company's stock valued at $889,593,000 after buying an additional 1,986,600 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Lockheed Martin by 5.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,274,580 shares of the aerospace company's stock valued at $619,369,000 after acquiring an additional 70,516 shares during the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on LMT. Sanford C. Bernstein set a $551.00 price objective on Lockheed Martin and gave the company a "market perform" rating in a report on Monday, July 14th. Truist Financial decreased their price objective on shares of Lockheed Martin from $579.00 to $554.00 and set a "buy" rating for the company in a report on Friday, July 11th. Bank of America lowered shares of Lockheed Martin from a "buy" rating to a "neutral" rating and decreased their price target for the company from $685.00 to $485.00 in a report on Monday, March 24th. Baird R W raised Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 23rd. Finally, Morgan Stanley upgraded Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 target price on the stock in a report on Wednesday, April 16th. Thirteen analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $532.69.

Lockheed Martin Stock Down 9.5%

Shares of NYSE:LMT traded down $43.58 during midday trading on Tuesday, reaching $416.95. 6,473,892 shares of the company were exchanged, compared to its average volume of 1,396,838. Lockheed Martin Corporation has a fifty-two week low of $416.74 and a fifty-two week high of $618.95. The company has a quick ratio of 0.91, a current ratio of 1.08 and a debt-to-equity ratio of 2.79. The stock has a fifty day simple moving average of $469.37 and a two-hundred day simple moving average of $464.14. The firm has a market cap of $97.69 billion, a PE ratio of 18.01, a P/E/G ratio of 1.63 and a beta of 0.28.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, topping the consensus estimate of $6.34 by $0.94. Lockheed Martin had a net margin of 7.66% and a return on equity of 104.09%. The business had revenue of $17.96 billion during the quarter, compared to analysts' expectations of $17.83 billion. As a group, sell-side analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be issued a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a yield of 3.17%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's payout ratio is 57.02%.

Lockheed Martin 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. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.