Castle Wealth Management LLC Buys 210 Shares of Lockheed Martin Co. (NYSE:LMT)

Castle Wealth Management LLC lifted its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 18.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,342 shares of the aerospace company’s stock after purchasing an additional 210 shares during the period. Castle Wealth Management LLC’s holdings in Lockheed Martin were worth $608,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Wetzel Investment Advisors Inc. acquired a new position in shares of Lockheed Martin during the fourth quarter valued at $84,000. Greenleaf Trust lifted its stake in shares of Lockheed Martin by 7.7% during the fourth quarter. Greenleaf Trust now owns 7,815 shares of the aerospace company’s stock valued at $3,542,000 after acquiring an additional 558 shares during the period. Beaumont Financial Advisors LLC lifted its stake in shares of Lockheed Martin by 23.1% during the fourth quarter. Beaumont Financial Advisors LLC now owns 1,361 shares of the aerospace company’s stock valued at $617,000 after acquiring an additional 255 shares during the period. Cutler Investment Counsel LLC acquired a new position in shares of Lockheed Martin during the fourth quarter valued at $355,000. Finally, HTLF Bank acquired a new position in shares of Lockheed Martin during the fourth quarter valued at $227,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Up 1.8 %

Shares of Lockheed Martin stock traded up $8.05 during trading hours on Friday, hitting $464.14. The company’s stock had a trading volume of 1,387,507 shares, compared to its average volume of 1,160,425. Lockheed Martin Co. has a 12 month low of $393.77 and a 12 month high of $495.83. The stock has a 50 day moving average of $440.00 and a 200 day moving average of $442.60. The company has a market capitalization of $111.62 billion, a PE ratio of 16.85, a price-to-earnings-growth ratio of 4.16 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 data on Tuesday, January 23rd. The aerospace company reported $7.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.26 by $0.64. The business had revenue of $18.87 billion during 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%. Lockheed Martin’s quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the company earned $7.79 earnings per share. Analysts predict that Lockheed Martin Co. will post 26.13 earnings per share for the current year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors 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 dividend on an annualized basis and a dividend yield of 2.71%. Lockheed Martin’s payout ratio is presently 45.74%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LMT. JPMorgan Chase & Co. raised Lockheed Martin from a “neutral” rating to an “overweight” rating and increased their target price for the company from $475.00 to $518.00 in a research note on Monday. Susquehanna cut their target price on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a research note on Wednesday, January 24th. UBS Group cut their target price on Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 24th. Citigroup cut their target price on Lockheed Martin from $540.00 to $508.00 and set a “buy” rating on the stock in a research note on Wednesday, January 24th. Finally, 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. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $493.36.

Insider Buying and Selling

In related news, SVP Maryanne Lavan sold 4,022 shares of the stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Lockheed Martin news, SVP Maryanne Lavan sold 4,022 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $434.39, for a total value of $1,747,116.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO John Frank A. St sold 6,648 shares of the firm’s 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 disclosure for this sale can be found here. Over the last three months, insiders sold 16,874 shares of company stock worth $7,249,946. 0.17% of the stock is owned by corporate insiders.

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.