Markel Group Inc. Purchases 5,100 Shares of Lockheed Martin Corporation (NYSE:LMT)

Markel Group Inc. increased its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 9.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 61,463 shares of the aerospace company's stock after purchasing an additional 5,100 shares during the quarter. Markel Group Inc.'s holdings in Lockheed Martin were worth $27,456,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of LMT. TruNorth Capital Management LLC bought a new position in Lockheed Martin in the first quarter worth approximately $31,000. Millstone Evans Group LLC purchased a new stake in Lockheed Martin during the fourth quarter worth $32,000. Mizuho Securities Co. Ltd. purchased a new position in shares of Lockheed Martin in the 4th quarter valued at $34,000. Heck Capital Advisors LLC purchased a new position in shares of Lockheed Martin in the 4th quarter valued at $35,000. Finally, Redwood Park Advisors LLC purchased a new position in shares of Lockheed Martin in the 4th quarter valued at $40,000. Institutional investors own 74.19% of the company's stock.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $469.60 on Friday. The stock has a market cap of $110.03 billion, a PE ratio of 20.29, a price-to-earnings-growth ratio of 1.65 and a beta of 0.28. The business has a 50-day simple moving average of $469.56 and a 200-day simple moving average of $464.56. The company has a quick ratio of 0.91, a current ratio of 1.08 and a debt-to-equity ratio of 2.79. Lockheed Martin Corporation has a 52-week low of $418.88 and a 52-week high of $618.95.

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

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio (DPR) is presently 57.02%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Royal Bank Of Canada downgraded Lockheed Martin from an "outperform" rating to a "sector perform" rating and cut their price target for the company from $550.00 to $480.00 in a report on Thursday, March 27th. Truist Financial set a $554.00 price objective on Lockheed Martin and gave the company a "buy" rating in a report on Friday, July 11th. TD Cowen reiterated a "hold" rating and set a $480.00 price objective (down previously from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. Melius lowered Lockheed Martin from a "buy" rating to a "hold" rating in a report on Monday, March 24th. Finally, Wall Street Zen lowered Lockheed Martin from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 3rd. Twelve analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $532.69.

Lockheed Martin 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.

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