Jefferies Financial Group Inc. Buys 2,103 Shares of Lockheed Martin Corporation (NYSE:LMT)

Jefferies Financial Group Inc. raised its holdings in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 38.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,567 shares of the aerospace company's stock after purchasing an additional 2,103 shares during the period. Jefferies Financial Group Inc.'s holdings in Lockheed Martin were worth $3,380,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its position in shares of Lockheed Martin by 41,104.9% in the 1st quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company's stock valued at $889,593,000 after acquiring an additional 1,986,600 shares during the period. Castlekeep Investment Advisors LLC bought a new stake in Lockheed Martin during the 4th quarter worth approximately $526,587,000. Leigh Baldwin & CO. LLC bought a new position in shares of Lockheed Martin during the 4th quarter worth approximately $451,985,000. Capital Research Global Investors bought a new position in shares of Lockheed Martin during the 4th quarter worth approximately $229,987,000. Finally, Demars Financial Group LLC grew its stake in shares of Lockheed Martin by 47,002.5% during the 4th quarter. Demars Financial Group LLC now owns 433,343 shares of the aerospace company's stock worth $210,579,000 after acquiring an additional 432,423 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on LMT. Robert W. Baird decreased their target price on shares of Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. Wall Street Zen cut Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Truist Financial cut Lockheed Martin from a "buy" rating to a "hold" rating and decreased their price target for the stock from $554.00 to $440.00 in a research report on Wednesday, July 23rd. Jefferies Financial Group decreased their target price on Lockheed Martin from $510.00 to $500.00 and set a "hold" rating on the stock in a research report on Monday, April 28th. Finally, JPMorgan Chase & Co. decreased their target price on Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 23rd. Fifteen equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $506.65.

Lockheed Martin Price Performance

Shares of LMT opened at $420.97 on Friday. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $618.95. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98. The business's 50 day moving average price is $460.68 and its two-hundred day moving average price is $460.68. The firm has a market cap of $98.28 billion, a PE ratio of 23.70, a price-to-earnings-growth ratio of 1.48 and a beta of 0.27.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, topping analysts' consensus estimates of $6.57 by $0.72. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%. The company had revenue of $18.16 billion for the quarter, compared to analyst estimates of $18.59 billion. During the same period in the prior year, the firm earned $7.11 earnings per share. Lockheed Martin's revenue for the quarter was up .2% on a year-over-year basis. On average, equities analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The business also recently declared 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. The ex-dividend date is Tuesday, September 2nd. This represents a $13.20 annualized dividend and a yield of 3.1%. Lockheed Martin's dividend payout ratio is 74.32%.

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.

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