Lockheed Martin Co. (NYSE:LMT) Shares Sold by Buck Wealth Strategies LLC

Buck Wealth Strategies LLC reduced its stake in Lockheed Martin Co. (NYSE:LMTFree Report) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,214 shares of the aerospace company’s stock after selling 95 shares during the period. Buck Wealth Strategies LLC’s holdings in Lockheed Martin were worth $5,536,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Bank Julius Baer & Co. Ltd Zurich raised its holdings in Lockheed Martin by 73.0% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 27 shares in the last quarter. Activest Wealth Management raised its stake in Lockheed Martin by 1,200.0% during the fourth quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock valued at $30,000 after buying an additional 60 shares in the last quarter. CGC Financial Services LLC bought a new position in Lockheed Martin during the 2nd quarter worth approximately $31,000. Coppell Advisory Solutions Corp. bought a new stake in shares of Lockheed Martin in the 4th quarter valued at approximately $31,000. Finally, Milestone Investment Advisors LLC acquired a new stake in shares of Lockheed Martin during the 3rd quarter valued at approximately $33,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on LMT. Citigroup dropped their price objective on shares of Lockheed Martin from $540.00 to $508.00 and set a “buy” rating on the stock in a research note on Wednesday, January 24th. Royal Bank of Canada cut their target price on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 24th. Morgan Stanley cut their price target on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft increased their price objective on Lockheed Martin from $438.00 to $472.00 in a report on Monday, January 22nd. Finally, UBS Group decreased their price target on Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating for the company in a research note on Wednesday, January 24th. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $491.92.

Read Our Latest Report on LMT

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock traded up $0.44 on Tuesday, reaching $453.23. The stock had a trading volume of 837,776 shares, compared to its average volume of 1,162,890. Lockheed Martin Co. has a fifty-two week low of $393.77 and a fifty-two week high of $508.10. The business’s 50-day moving average price is $433.19 and its two-hundred day moving average price is $439.30. The company has a debt-to-equity ratio of 2.53, a quick ratio of 1.03 and a current ratio of 1.21. The stock has a market cap of $109.00 billion, a P/E ratio of 16.50, a price-to-earnings-growth ratio of 4.15 and a beta of 0.48.

Lockheed Martin (NYSE:LMTGet Free Report) last issued its quarterly earnings results on Tuesday, January 23rd. The aerospace company reported $7.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.26 by $0.64. The company had revenue of $18.87 billion for the quarter, compared to the consensus estimate of $17.96 billion. Lockheed Martin had a return on equity of 79.91% and a net margin of 10.24%. The firm’s revenue was down .6% compared to the same quarter last year. During the same period last year, the business posted $7.79 earnings per share. On average, sell-side analysts forecast that Lockheed Martin Co. will post 26.13 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 1st were issued a dividend of $3.15 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $12.60 annualized dividend and a dividend yield of 2.78%. Lockheed Martin’s payout ratio is 45.74%.

Insider Activity

In other news, COO John Frank A. St sold 6,648 shares of Lockheed Martin stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $425.35, for a total value of $2,827,726.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, COO John Frank A. St sold 6,648 shares of Lockheed Martin stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $425.35, for a total transaction of $2,827,726.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Maryanne Lavan sold 4,022 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total transaction of $1,747,116.58. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,874 shares of company stock valued at $7,249,946. Insiders own 0.14% of the company’s stock.

Lockheed Martin 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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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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