Gray Wealth Management Inc. Has $1.57 Million Position in Lockheed Martin Co. (NYSE:LMT)

Gray Wealth Management Inc. decreased its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 11.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,467 shares of the aerospace company’s stock after selling 462 shares during the quarter. Gray Wealth Management Inc.’s holdings in Lockheed Martin were worth $1,572,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Lee Financial Co increased its stake in Lockheed Martin by 367.6% during the 1st quarter. Lee Financial Co now owns 477 shares of the aerospace company’s stock worth $210,000 after purchasing an additional 375 shares in the last quarter. Vontobel Holding Ltd. lifted its stake in Lockheed Martin by 240.0% in the first quarter. Vontobel Holding Ltd. now owns 4,124 shares of the aerospace company’s stock valued at $1,821,000 after acquiring an additional 2,911 shares during the last quarter. Sei Investments Co. grew its position in shares of Lockheed Martin by 56.8% in the 1st quarter. Sei Investments Co. now owns 23,153 shares of the aerospace company’s stock valued at $9,995,000 after acquiring an additional 8,389 shares during the period. NewEdge Advisors LLC grew its holdings in Lockheed Martin by 18.4% during the first quarter. NewEdge Advisors LLC now owns 28,807 shares of the aerospace company’s stock worth $12,716,000 after purchasing an additional 4,472 shares during the period. Finally, Mackenzie Financial Corp increased its position in Lockheed Martin by 20.4% during the first quarter. Mackenzie Financial Corp now owns 107,366 shares of the aerospace company’s stock worth $47,391,000 after buying an additional 18,201 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LMT. JPMorgan Chase & Co. raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $475.00 to $518.00 in a research report on Monday. Royal Bank of Canada reduced their target price on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft boosted their price target on Lockheed Martin from $438.00 to $472.00 in a research note on Monday, January 22nd. Susquehanna cut their price target on shares of Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a report on Wednesday, January 24th. Finally, Morgan Stanley dropped their price objective on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 24th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $493.36.

Insider Activity

In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total transaction of $1,747,116.58. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, SVP Maryanne Lavan sold 4,022 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total transaction of $1,747,116.58. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Gregory M. Ulmer sold 6,204 shares of Lockheed Martin stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total value of $2,675,102.76. Following the transaction, the insider now directly owns 12,604 shares of the company’s stock, valued at approximately $5,434,718.76. The disclosure for this sale can be found here. Insiders have sold a total of 16,874 shares of company stock valued at $7,249,946 over the last quarter. Company insiders own 0.17% of the company’s stock.

Lockheed Martin Stock Up 0.0 %

Shares of LMT stock traded up $0.04 on Thursday, hitting $456.09. The stock had a trading volume of 714,581 shares, compared to its average volume of 1,157,394. Lockheed Martin Co. has a 12-month low of $393.77 and a 12-month high of $503.33. The business has a 50 day moving average of $438.66 and a 200 day moving average of $442.12. The stock has a market cap of $109.69 billion, a price-to-earnings ratio of 16.55, a price-to-earnings-growth ratio of 4.14 and a beta of 0.48. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.21 and a quick ratio of 1.03.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, January 23rd. The aerospace company reported $7.90 EPS for the quarter, topping analysts’ consensus estimates of $7.26 by $0.64. Lockheed Martin had a net margin of 10.24% and a return on equity of 79.91%. The company had revenue of $18.87 billion for the quarter, compared to analysts’ expectations of $17.96 billion. During the same quarter in the previous year, the firm posted $7.79 EPS. Lockheed Martin’s revenue was down .6% on a year-over-year basis. As a group, analysts expect that Lockheed Martin Co. will post 26.13 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 1st were paid a $3.15 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $12.60 annualized dividend and a dividend yield of 2.76%. Lockheed Martin’s payout ratio is 45.74%.

About Lockheed Martin

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.