Silverlake Wealth Management LLC Has $267,000 Stake in Lockheed Martin Co. (NYSE:LMT)

Silverlake Wealth Management LLC grew its position in Lockheed Martin Co. (NYSE:LMT) by 21.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 549 shares of the aerospace company’s stock after purchasing an additional 96 shares during the quarter. Silverlake Wealth Management LLC’s holdings in Lockheed Martin were worth $267,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Algert Global LLC bought a new stake in Lockheed Martin during the second quarter worth $277,000. Czech National Bank lifted its stake in Lockheed Martin by 6.2% during the third quarter. Czech National Bank now owns 43,214 shares of the aerospace company’s stock worth $25,261,000 after purchasing an additional 2,520 shares during the last quarter. Miracle Mile Advisors LLC lifted its stake in Lockheed Martin by 2.5% during the third quarter. Miracle Mile Advisors LLC now owns 1,471 shares of the aerospace company’s stock worth $860,000 after purchasing an additional 36 shares during the last quarter. Ignite Planners LLC lifted its stake in Lockheed Martin by 23.5% during the third quarter. Ignite Planners LLC now owns 857 shares of the aerospace company’s stock worth $501,000 after purchasing an additional 163 shares during the last quarter. Finally, Atomi Financial Group Inc. lifted its stake in Lockheed Martin by 45.7% during the third quarter. Atomi Financial Group Inc. now owns 2,821 shares of the aerospace company’s stock worth $1,649,000 after purchasing an additional 885 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Down 0.9 %

Shares of NYSE:LMT opened at $449.44 on Thursday. The business has a fifty day simple moving average of $489.62 and a 200 day simple moving average of $537.03. Lockheed Martin Co. has a 12-month low of $413.92 and a 12-month high of $618.95. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. The firm has a market cap of $105.79 billion, a P/E ratio of 20.19, a P/E/G ratio of 2.96 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share 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%. Analysts predict that Lockheed Martin Co. will post 27.29 earnings per share for the current year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 3rd will be given a $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 2.94%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s dividend payout ratio (DPR) is presently 59.30%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Susquehanna dropped their price target on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating for the company in a research note on Wednesday, January 29th. UBS Group cut their price objective on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. Truist Financial started coverage on Lockheed Martin in a report on Tuesday, January 14th. They set a “buy” rating and a $579.00 price objective on the stock. Robert W. Baird raised their price objective on Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. Finally, Morgan Stanley cut their price objective on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Lockheed Martin presently has an average rating of “Moderate Buy” and an average price target of $555.60.

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.