Lockheed Martin Co. (NYSE:LMT) Position Boosted by Iron Horse Wealth Management LLC

Iron Horse Wealth Management LLC boosted its holdings in Lockheed Martin Co. (NYSE:LMT) by 67.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 136 shares of the aerospace company’s stock after acquiring an additional 55 shares during the quarter. Iron Horse Wealth Management LLC’s holdings in Lockheed Martin were worth $66,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Itau Unibanco Holding S.A. bought a new stake in shares of Lockheed Martin during the third quarter valued at about $26,000. Heck Capital Advisors LLC acquired a new position in Lockheed Martin during the 4th quarter valued at about $35,000. Capital Performance Advisors LLP bought a new stake in shares of Lockheed Martin during the 3rd quarter worth about $40,000. Legacy Investment Solutions LLC acquired a new stake in shares of Lockheed Martin in the 3rd quarter worth approximately $42,000. Finally, Vestor Capital LLC bought a new position in shares of Lockheed Martin in the third quarter valued at approximately $46,000. Institutional investors own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on LMT. Susquehanna dropped their target price on Lockheed Martin from $590.00 to $550.00 and set a “positive” rating on the stock in a report on Wednesday, January 29th. Robert W. Baird upped their price objective on Lockheed Martin from $519.00 to $626.00 in a report on Tuesday, October 22nd. StockNews.com cut Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Truist Financial started coverage on shares of 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, TD Cowen raised their price objective on shares of Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $555.60.

Lockheed Martin Trading Down 0.4 %

NYSE LMT opened at $448.29 on Friday. The firm’s 50 day moving average price is $488.10 and its two-hundred day moving average price is $536.42. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. Lockheed Martin Co. has a twelve month low of $413.92 and a twelve month high of $618.95. The stock has a market cap of $105.52 billion, a price-to-earnings ratio of 20.14, a PEG ratio of 2.96 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, beating analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. Equities analysts anticipate that Lockheed Martin Co. will post 27.29 EPS for the current year.

Lockheed Martin Dividend Announcement

The business also recently declared 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 dividend on an annualized basis 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 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.