RKL Wealth Management LLC Decreases Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

RKL Wealth Management LLC trimmed its position in Lockheed Martin Co. (NYSE:LMT) by 9.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,595 shares of the aerospace company’s stock after selling 161 shares during the quarter. RKL Wealth Management LLC’s holdings in Lockheed Martin were worth $775,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in LMT. Forte Capital LLC ADV increased its stake in shares of Lockheed Martin by 23.1% in the third quarter. Forte Capital LLC ADV now owns 1,401 shares of the aerospace company’s stock worth $819,000 after buying an additional 263 shares during the period. Graypoint LLC increased its stake in shares of Lockheed Martin by 5.3% in the third quarter. Graypoint LLC now owns 2,303 shares of the aerospace company’s stock worth $1,346,000 after buying an additional 115 shares during the period. Advisor Resource Council bought a new stake in Lockheed Martin in the third quarter valued at $305,000. Principal Financial Group Inc. boosted its holdings in Lockheed Martin by 4.0% in the third quarter. Principal Financial Group Inc. now owns 270,879 shares of the aerospace company’s stock valued at $158,345,000 after acquiring an additional 10,358 shares in the last quarter. Finally, Montecito Bank & Trust boosted its holdings in Lockheed Martin by 7.7% in the third quarter. Montecito Bank & Trust now owns 629 shares of the aerospace company’s stock valued at $368,000 after acquiring an additional 45 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Lockheed Martin

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

Lockheed Martin Price Performance

LMT opened at $474.31 on Friday. The stock has a 50-day moving average price of $462.89 and a 200-day moving average price of $521.83. 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 cap of $111.65 billion, a PE ratio of 21.31, a P/E/G ratio of 2.07 and a beta of 0.43. Lockheed Martin Co. has a 1 year low of $419.70 and a 1 year high of $618.95.

Lockheed Martin (NYSE:LMT) last posted its quarterly 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 return on equity of 101.47% and a net margin of 7.51%. Sell-side analysts predict that Lockheed Martin Co. will post 27.15 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. 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 2.78%. The ex-dividend date is Monday, March 3rd. Lockheed Martin’s dividend payout ratio is presently 59.30%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on LMT shares. Wells Fargo & Company lifted their price target on shares of Lockheed Martin from $468.00 to $476.00 and gave the company an “equal weight” rating in a report on Friday. Citigroup cut their price target on shares of Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. Susquehanna cut their price target on shares of Lockheed Martin from $590.00 to $550.00 and set a “positive” rating on the stock in a report on Wednesday, January 29th. Truist Financial started coverage on shares of Lockheed Martin in a report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price target on the stock. Finally, UBS Group cut their price target on shares of Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $554.20.

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.