Buck Wealth Strategies LLC Reduces Holdings in Lockheed Martin Co. (NYSE:LMT)

Buck Wealth Strategies LLC lowered its stake in Lockheed Martin Co. (NYSE:LMTFree Report) by 0.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 12,214 shares of the aerospace company’s stock after selling 95 shares during the period. Buck Wealth Strategies LLC’s holdings in Lockheed Martin were worth $5,536,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in Lockheed Martin by 73.0% in the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 27 shares in the last quarter. Activest Wealth Management lifted its stake in shares of Lockheed Martin by 1,200.0% during the fourth quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock valued at $30,000 after buying an additional 60 shares during the period. CGC Financial Services LLC purchased a new stake in Lockheed Martin in the 2nd quarter worth approximately $31,000. Coppell Advisory Solutions Corp. purchased a new position in shares of Lockheed Martin during the 4th quarter worth $31,000. Finally, Milestone Investment Advisors LLC acquired a new stake in shares of Lockheed Martin during the third quarter worth $33,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Insider Transactions at Lockheed Martin

In other Lockheed Martin news, insider Gregory M. Ulmer sold 6,204 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total value of $2,675,102.76. Following the completion of the sale, the insider now directly owns 12,604 shares in the company, valued at $5,434,718.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Lockheed Martin news, COO John Frank A. St sold 6,648 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $425.35, for a total transaction of $2,827,726.80. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Gregory M. Ulmer sold 6,204 shares of Lockheed Martin stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $431.19, for a total transaction of $2,675,102.76. Following the transaction, the insider now directly owns 12,604 shares of the company’s stock, valued at $5,434,718.76. The disclosure for this sale can be found here. Insiders sold a total of 16,874 shares of company stock worth $7,249,946 in the last quarter. 0.14% of the stock is owned by company insiders.

Lockheed Martin Stock Performance

NYSE LMT traded up $0.44 during trading on Tuesday, hitting $453.23. The company’s stock had a trading volume of 837,776 shares, compared to its average volume of 1,162,890. The firm has a 50 day moving average price of $433.19 and a 200 day moving average price of $439.30. The company has a quick ratio of 1.03, a current ratio of 1.21 and a debt-to-equity ratio of 2.53. Lockheed Martin Co. has a 52 week low of $393.77 and a 52 week high of $508.10. The firm has a market cap of $109.00 billion, a P/E ratio of 16.50, a price-to-earnings-growth ratio of 4.15 and a beta of 0.48.

Lockheed Martin (NYSE:LMTGet Free Report) last posted its quarterly earnings data on Tuesday, January 23rd. The aerospace company reported $7.90 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $17.96 billion. During the same quarter last year, the business posted $7.79 earnings per share. The company’s revenue was down .6% on a year-over-year basis. Equities research analysts forecast that Lockheed Martin Co. will post 26.13 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

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. This represents a $12.60 annualized dividend and a dividend yield of 2.78%. The ex-dividend date was Thursday, February 29th. Lockheed Martin’s dividend payout ratio (DPR) is presently 45.74%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on LMT. Susquehanna reduced their target price on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating on the stock in a research report on Wednesday, January 24th. Citigroup dropped their price target on shares of Lockheed Martin from $540.00 to $508.00 and set a “buy” rating for the company in a research report on Wednesday, January 24th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Lockheed Martin from $438.00 to $472.00 in a report on Monday, January 22nd. Morgan Stanley decreased their target price on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating for the company in a report on Wednesday, January 24th. Finally, Royal Bank of Canada lowered their price target on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a report on Wednesday, January 24th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Lockheed Martin has an average rating of “Hold” and an average target price of $491.92.

Get Our Latest Stock Report on Lockheed Martin

Lockheed Martin Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding LMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lockheed Martin Co. (NYSE:LMTFree Report).

Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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