1,040 Shares in Lockheed Martin Co. (NYSE:LMT) Bought by Crowley Wealth Management Inc.

Crowley Wealth Management Inc. bought a new stake in Lockheed Martin Co. (NYSE:LMT) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,040 shares of the aerospace company’s stock, valued at approximately $505,000.

Several other institutional investors have also modified their holdings of LMT. Stevens Capital Management LP acquired a new stake in Lockheed Martin in the 4th quarter worth about $1,968,000. Richwood Investment Advisors LLC lifted its position in shares of Lockheed Martin by 2.9% in the fourth quarter. Richwood Investment Advisors LLC now owns 3,454 shares of the aerospace company’s stock valued at $1,678,000 after acquiring an additional 98 shares in the last quarter. Mosley Wealth Management boosted its stake in shares of Lockheed Martin by 12.1% in the fourth quarter. Mosley Wealth Management now owns 528 shares of the aerospace company’s stock worth $240,000 after acquiring an additional 57 shares during the last quarter. Sfmg LLC increased its position in shares of Lockheed Martin by 56.1% during the fourth quarter. Sfmg LLC now owns 1,363 shares of the aerospace company’s stock worth $662,000 after purchasing an additional 490 shares in the last quarter. Finally, Intellus Advisors LLC acquired a new position in Lockheed Martin in the 4th quarter valued at $1,171,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Insider Buying and Selling at Lockheed Martin

In related news, VP Harry Edward Paul III sold 707 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total value of $312,925.27. Following the transaction, the vice president now owns 2,278 shares of the company’s stock, valued at $1,008,265.58. This represents a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of Lockheed Martin stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total value of $1,421,495.46. Following the sale, the insider now directly owns 2,000 shares of the company’s stock, valued at $884,840. This trade represents a 61.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,133 shares of company stock valued at $3,155,916. Insiders own 0.14% of the company’s stock.

Lockheed Martin Stock Performance

NYSE:LMT opened at $440.26 on Friday. The company has a 50 day moving average price of $460.94 and a 200 day moving average price of $514.87. Lockheed Martin Co. has a fifty-two week low of $419.70 and a fifty-two week high of $618.95. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. The stock has a market capitalization of $103.63 billion, a P/E ratio of 19.78, a PEG ratio of 2.07 and a beta of 0.43.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, topping the consensus estimate of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. Equities research analysts forecast that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be issued a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s dividend payout ratio (DPR) is presently 59.30%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on LMT. Truist Financial assumed coverage on shares of Lockheed Martin in a report on Tuesday, January 14th. They set a “buy” rating and a $579.00 target price for the company. Royal Bank of Canada cut their price objective on shares of Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating for the company in a report on Wednesday, January 29th. UBS Group lowered their target price on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft cut Lockheed Martin from a “buy” rating to a “hold” rating and cut their price target for the company from $611.00 to $523.00 in a report on Thursday, January 2nd. Finally, Barclays dropped their target price on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $554.20.

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.