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

Calton & Associates Inc. lowered its stake in Lockheed Martin Co. (NYSE:LMT) by 66.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 hedge funds have also added to or reduced their stakes in the company. Itau Unibanco Holding S.A. purchased a new position in shares of Lockheed Martin during the third quarter valued at about $26,000. Mattson Financial Services LLC purchased a new position in shares of Lockheed Martin during the 2nd quarter worth approximately $27,000. Burkett Financial Services LLC bought a new position in shares of Lockheed Martin in the 3rd quarter worth approximately $32,000. Capital Performance Advisors LLP bought a new stake in shares of Lockheed Martin during the third quarter valued at approximately $40,000. Finally, Legacy Investment Solutions LLC purchased a new stake in Lockheed Martin in the third quarter worth $42,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on LMT. 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 report on Wednesday, October 23rd. JPMorgan Chase & Co. dropped their price objective on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating on the stock in a research note on Thursday. Wells Fargo & Company decreased their target price on shares of Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating for the company in a research note on Thursday. Truist Financial assumed coverage on Lockheed Martin in a research report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price target on the stock. Finally, Morgan Stanley reduced their price objective on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Lockheed Martin currently has an average rating of “Moderate Buy” and an average target price of $555.60.

Lockheed Martin Price Performance

LMT opened at $459.12 on Friday. The company’s 50-day simple moving average is $495.56 and its two-hundred day simple moving average is $536.97. Lockheed Martin Co. has a 52-week low of $413.92 and a 52-week high of $618.95. The stock has a market capitalization 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. The company has a debt-to-equity ratio of 3.10, a quick ratio of 1.12 and a current ratio of 1.13.

Lockheed Martin (NYSE:LMT) last issued 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 net margin of 7.51% and a return on equity of 101.47%. As a group, analysts predict that Lockheed Martin Co. will post 27.09 EPS for the current year.

Lockheed Martin Dividend Announcement

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

About Lockheed Martin

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.