Centric Wealth Management Invests $1.48 Million in Lockheed Martin Co. (NYSE:LMT)

Centric Wealth Management purchased a new stake in Lockheed Martin Co. (NYSE:LMT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,043 shares of the aerospace company’s stock, valued at approximately $1,479,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Headlands Technologies LLC increased its position in shares of Lockheed Martin by 448.3% during the fourth quarter. Headlands Technologies LLC now owns 11,656 shares of the aerospace company’s stock worth $5,664,000 after acquiring an additional 9,530 shares in the last quarter. Invenio Wealth Partners LLC boosted its stake in Lockheed Martin by 6.2% during the 4th quarter. Invenio Wealth Partners LLC now owns 414 shares of the aerospace company’s stock valued at $201,000 after purchasing an additional 24 shares during the last quarter. Lokken Investment Group LLC increased its holdings in Lockheed Martin by 1.1% during the 4th quarter. Lokken Investment Group LLC now owns 3,334 shares of the aerospace company’s stock worth $1,620,000 after purchasing an additional 37 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Lockheed Martin by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 4,887,242 shares of the aerospace company’s stock worth $2,374,557,000 after purchasing an additional 59,597 shares during the last quarter. Finally, Nemes Rush Group LLC lifted its holdings in shares of Lockheed Martin by 14.1% in the fourth quarter. Nemes Rush Group LLC now owns 607 shares of the aerospace company’s stock valued at $295,000 after purchasing an additional 75 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on LMT shares. JPMorgan Chase & Co. lowered their price target on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Royal Bank of Canada lowered shares of Lockheed Martin from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from $550.00 to $480.00 in a research report on Thursday, March 27th. Bank of America downgraded shares of Lockheed Martin from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $685.00 to $485.00 in a research report on Monday, March 24th. Deutsche Bank Aktiengesellschaft cut shares of Lockheed Martin from a “buy” rating to a “hold” rating and dropped their target price for the stock from $611.00 to $523.00 in a research report on Thursday, January 2nd. Finally, UBS Group reduced their target price on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Lockheed Martin has an average rating of “Hold” and an average target price of $539.53.

Insider Transactions at Lockheed Martin

In other news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total transaction of $1,421,495.46. Following the transaction, the insider now directly owns 2,000 shares in the company, valued at approximately $884,840. This represents a 61.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Harry Edward Paul III sold 707 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total value of $312,925.27. Following the transaction, the vice president now directly owns 2,278 shares in the company, valued at approximately $1,008,265.58. This represents a 23.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,133 shares of company stock valued at $3,155,916 in the last quarter. Insiders own 0.17% of the company’s stock.

Lockheed Martin Price Performance

Lockheed Martin stock opened at $446.81 on Tuesday. Lockheed Martin Co. has a one year low of $419.70 and a one year high of $618.95. The business has a fifty day moving average price of $455.61 and a 200-day moving average price of $509.05. 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 firm has a market capitalization of $105.17 billion, a P/E ratio of 20.07, a PEG ratio of 2.07 and a beta of 0.43.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, beating analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. As a group, equities research analysts forecast that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 3rd were paid a $3.30 dividend. The ex-dividend date was Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a yield of 2.95%. Lockheed Martin’s dividend payout ratio is presently 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.