Calton & Associates Inc. Sells 1,830 Shares of Lockheed Martin Co. (NYSE:LMT)

Calton & Associates Inc. reduced its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 66.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 925 shares of the aerospace company’s stock after selling 1,830 shares during the period. Calton & Associates Inc.’s holdings in Lockheed Martin were worth $449,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Crews Bank & Trust purchased a new stake in Lockheed Martin in the fourth quarter worth $1,246,000. Capital Investment Advisory Services LLC increased its holdings in Lockheed Martin by 15.2% in the 4th quarter. Capital Investment Advisory Services LLC now owns 5,830 shares of the aerospace company’s stock worth $2,833,000 after acquiring an additional 771 shares during the last quarter. Synergy Asset Management LLC bought a new stake in Lockheed Martin in the 4th quarter valued at about $3,510,000. Strategic Planning Group LLC lifted its holdings in Lockheed Martin by 3.6% during the fourth quarter. Strategic Planning Group LLC now owns 8,153 shares of the aerospace company’s stock valued at $3,962,000 after purchasing an additional 283 shares during the last quarter. Finally, Baring Financial LLC bought a new position in Lockheed Martin during the fourth quarter worth about $1,314,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on LMT. TD Cowen raised their price objective on shares of Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Wells Fargo & Company cut their price target on Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating for the company in a report on Thursday. Deutsche Bank Aktiengesellschaft cut Lockheed Martin from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $611.00 to $523.00 in a report on Thursday, January 2nd. Susquehanna reduced their target price on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a report on Wednesday. Finally, Morgan Stanley lowered their price target on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a report on Wednesday. One analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Lockheed Martin presently has a consensus rating of “Moderate Buy” and an average target price of $555.60.

Lockheed Martin Stock Up 1.0 %

Shares of LMT opened at $459.12 on Friday. The firm has a market cap of $108.07 billion, a P/E ratio of 20.63, a P/E/G ratio of 3.78 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 stock has a 50 day simple moving average of $495.56 and a two-hundred day simple moving average of $536.97. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 1.12.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, beating the consensus estimate of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. On average, analysts forecast that Lockheed Martin Co. will post 27.09 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be paid a $3.30 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a yield of 2.88%. Lockheed Martin’s dividend payout ratio (DPR) is currently 59.30%.

Lockheed Martin Company 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.