Castellan Group Sells 495 Shares of Lockheed Martin Co. (NYSE:LMT)

Castellan Group cut its position in shares of Lockheed Martin Co. (NYSE:LMT) by 10.0% during the 4th quarter, Holdings Channel reports. The firm owned 4,470 shares of the aerospace company’s stock after selling 495 shares during the quarter. Castellan Group’s holdings in Lockheed Martin were worth $2,172,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. ORG Wealth Partners LLC bought a new position in shares of Lockheed Martin in the third quarter valued at approximately $54,000. Creative Planning boosted its stake in shares of Lockheed Martin by 3.1% in the 3rd quarter. Creative Planning now owns 106,301 shares of the aerospace company’s stock valued at $62,139,000 after purchasing an additional 3,236 shares in the last quarter. Prospect Financial Services LLC purchased a new position in Lockheed Martin in the 3rd quarter worth $234,000. Petredis Investment Advisors LLC boosted its position in Lockheed Martin by 0.3% during the third quarter. Petredis Investment Advisors LLC now owns 10,005 shares of the aerospace company’s stock valued at $5,849,000 after buying an additional 30 shares during the period. Finally, Foster Victor Wealth Advisors LLC grew its stake in shares of Lockheed Martin by 22.8% during the third quarter. Foster Victor Wealth Advisors LLC now owns 18,855 shares of the aerospace company’s stock valued at $11,409,000 after buying an additional 3,507 shares during the last quarter. 74.19% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LMT. Wells Fargo & Company reduced their price target on Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 30th. Deutsche Bank Aktiengesellschaft lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and cut their price target for the stock from $611.00 to $523.00 in a report on Thursday, January 2nd. Citigroup lowered their price target on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating for the company in a research report on Tuesday, January 21st. Robert W. Baird upped their target price on Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. Finally, Morgan Stanley reduced their price objective on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned 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 a consensus price target of $555.60.

Lockheed Martin Stock Performance

LMT stock opened at $441.67 on Thursday. Lockheed Martin Co. has a 1 year low of $413.92 and a 1 year high of $618.95. The stock’s fifty day moving average price is $482.05 and its 200-day moving average price is $534.93. 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 company has a market cap of $103.96 billion, a P/E ratio of 19.84, a price-to-earnings-growth ratio of 2.12 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data 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 net margin of 7.51% and a return on equity of 101.47%. On average, equities analysts forecast that Lockheed Martin Co. will post 27.14 earnings per share for the current year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be paid a $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 2.99%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s dividend payout ratio (DPR) is currently 59.30%.

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.