44 Wealth Management LLC Sells 141 Shares of Lockheed Martin Co. (NYSE:LMT)

44 Wealth Management LLC lowered its stake in Lockheed Martin Co. (NYSE:LMT) by 17.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 667 shares of the aerospace company’s stock after selling 141 shares during the quarter. 44 Wealth Management LLC’s holdings in Lockheed Martin were worth $324,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in LMT. Dakota Wealth Management boosted its stake in Lockheed Martin by 1.6% in the 3rd quarter. Dakota Wealth Management now owns 7,945 shares of the aerospace company’s stock worth $4,644,000 after purchasing an additional 123 shares during the period. Silver Oak Securities Incorporated boosted its position in shares of Lockheed Martin by 17.3% during the 3rd quarter. Silver Oak Securities Incorporated now owns 1,491 shares of the aerospace company’s stock valued at $868,000 after acquiring an additional 220 shares during the last quarter. Ballentine Partners LLC boosted its position in shares of Lockheed Martin by 4.9% during the 3rd quarter. Ballentine Partners LLC now owns 3,772 shares of the aerospace company’s stock valued at $2,205,000 after acquiring an additional 176 shares during the last quarter. Country Club Bank boosted its position in shares of Lockheed Martin by 11.6% during the 3rd quarter. Country Club Bank now owns 4,342 shares of the aerospace company’s stock valued at $2,529,000 after acquiring an additional 452 shares during the last quarter. Finally, Burford Brothers Inc. boosted its position in shares of Lockheed Martin by 6.7% during the 3rd quarter. Burford Brothers Inc. now owns 2,873 shares of the aerospace company’s stock valued at $1,679,000 after acquiring an additional 180 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Price Performance

Shares of Lockheed Martin stock opened at $441.20 on Friday. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. The business’s 50 day simple moving average is $469.94 and its two-hundred day simple moving average is $528.89. The stock has a market capitalization of $103.86 billion, a P/E ratio of 19.82, a price-to-earnings-growth ratio of 2.07 and a beta of 0.48. Lockheed Martin Co. has a one year low of $419.70 and a one year high of $618.95.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, topping analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. Analysts forecast that Lockheed Martin Co. 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, March 28th. Shareholders of record on Monday, March 3rd will be paid a $3.30 dividend. The ex-dividend date is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a yield of 2.99%. Lockheed Martin’s dividend payout ratio (DPR) is currently 59.30%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Susquehanna dropped their price target on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a research report on Wednesday, January 29th. StockNews.com downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. dropped their price target on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Wells Fargo & Company dropped their price target on Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating for the company in a research report on Thursday, January 30th. Finally, Truist Financial initiated coverage on Lockheed Martin in a research report on Tuesday, January 14th. They set a “buy” rating and a $579.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $555.60.

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.