Castle Wealth Management LLC Has $861,000 Stock Position in Lockheed Martin Co. (NYSE:LMT)

Castle Wealth Management LLC lifted its stake in Lockheed Martin Co. (NYSE:LMT) by 3.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,773 shares of the aerospace company’s stock after acquiring an additional 67 shares during the period. Castle Wealth Management LLC’s holdings in Lockheed Martin were worth $861,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of LMT. Itau Unibanco Holding S.A. acquired a new stake in Lockheed Martin during the third quarter worth $26,000. Heck Capital Advisors LLC acquired a new stake in Lockheed Martin during the fourth quarter worth $35,000. Capital Performance Advisors LLP acquired a new stake in Lockheed Martin during the third quarter worth $40,000. Legacy Investment Solutions LLC acquired a new stake in Lockheed Martin during the third quarter worth $42,000. Finally, Vestor Capital LLC acquired a new stake in Lockheed Martin during the third quarter worth $46,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Price Performance

Lockheed Martin stock opened at $441.67 on Thursday. The firm has a market capitalization of $103.96 billion, a P/E ratio of 19.84, a PEG ratio of 2.12 and a beta of 0.48. Lockheed Martin Co. has a 1 year low of $413.92 and a 1 year high of $618.95. The business has a 50-day moving average of $482.05 and a 200-day moving average of $534.93. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) 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%. On average, equities analysts anticipate that Lockheed Martin Co. will post 27.14 EPS for the current year.

Lockheed Martin Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. UBS Group decreased their price target on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. Barclays decreased their price target on shares of Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating on the stock in a research note on Monday, January 6th. Morgan Stanley reduced their target price on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. Wells Fargo & Company reduced their target price on shares of Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 30th. Finally, TD Cowen boosted their target price on shares of Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $555.60.

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.