Greykasell Wealth Strategies Inc. Invests $294,000 in Lockheed Martin Co. (NYSE:LMT)

Greykasell Wealth Strategies Inc. bought a new stake in Lockheed Martin Co. (NYSE:LMT) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 605 shares of the aerospace company’s stock, valued at approximately $294,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Itau Unibanco Holding S.A. acquired a new stake in shares of Lockheed Martin in the third quarter worth $26,000. Heck Capital Advisors LLC acquired a new stake in Lockheed Martin during the 4th quarter worth about $35,000. Legacy Investment Solutions LLC purchased a new position in shares of Lockheed Martin during the 3rd quarter valued at about $42,000. Sugar Maple Asset Management LLC acquired a new position in shares of Lockheed Martin in the 4th quarter valued at about $47,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Lockheed Martin in the fourth quarter worth about $52,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Insider Buying and Selling

In related news, VP Harry Edward Paul III sold 707 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total transaction of $312,925.27. Following the completion of the sale, the vice president now directly owns 2,278 shares in the company, valued at approximately $1,008,265.58. This trade represents a 23.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $442.42, for a total transaction of $1,421,495.46. Following the completion of the sale, the insider now directly owns 2,000 shares of the company’s stock, valued at approximately $884,840. This trade represents a 61.63 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,133 shares of company stock worth $3,155,916. 0.17% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on LMT shares. Deutsche Bank Aktiengesellschaft downgraded Lockheed Martin from a “buy” rating to a “hold” rating and decreased their price target for the company from $611.00 to $523.00 in a report on Thursday, January 2nd. StockNews.com downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Morgan Stanley cut their price objective on shares of Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating for the company in a report on Wednesday, January 29th. Citigroup dropped their target price on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research report on Tuesday, January 21st. Finally, Truist Financial initiated coverage on Lockheed Martin in a report on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price target for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Lockheed Martin presently has a consensus rating of “Moderate Buy” and an average price target of $554.20.

Lockheed Martin Trading Down 0.2 %

Shares of LMT opened at $467.07 on Friday. Lockheed Martin Co. has a 52-week low of $419.70 and a 52-week high of $618.95. The stock has a market cap of $109.94 billion, a PE ratio of 20.98, a price-to-earnings-growth ratio of 2.07 and a beta of 0.43. The firm’s fifty day moving average is $461.39 and its two-hundred day moving average is $518.80. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, topping analysts’ consensus estimates of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. Research analysts forecast that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be issued a $3.30 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 annualized dividend and a dividend yield of 2.83%. Lockheed Martin’s dividend payout ratio is presently 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.