Leo Wealth LLC Purchases 1,029 Shares of Lockheed Martin Co. (NYSE:LMT)

Leo Wealth LLC increased its holdings in shares of Lockheed Martin Co. (NYSE:LMT) by 81.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 2,285 shares of the aerospace company’s stock after purchasing an additional 1,029 shares during the period. Leo Wealth LLC’s holdings in Lockheed Martin were worth $1,111,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Itau Unibanco Holding S.A. bought a new position in shares of Lockheed Martin during the 3rd quarter worth approximately $26,000. Capital Performance Advisors LLP acquired a new stake in Lockheed Martin during the 3rd quarter valued at $40,000. Heck Capital Advisors LLC bought a new position in Lockheed Martin during the fourth quarter worth $35,000. Legacy Investment Solutions LLC bought a new position in Lockheed Martin during the third quarter worth $42,000. Finally, Vestor Capital LLC acquired a new position in shares of Lockheed Martin in the third quarter valued at $46,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Trading Down 0.4 %

Shares of Lockheed Martin stock opened at $448.29 on Friday. 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 Co. has a 12-month low of $413.92 and a 12-month high of $618.95. The company has a market capitalization of $105.52 billion, a price-to-earnings ratio of 20.14, a PEG ratio of 2.96 and a beta of 0.48. The firm’s 50-day moving average price is $488.10 and its two-hundred day moving average price is $536.42.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (EPS) for the quarter, beating 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%. On average, analysts forecast that Lockheed Martin Co. will post 27.29 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be paid a $3.30 dividend. This represents a $13.20 annualized dividend and a 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%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on LMT. Wells Fargo & Company cut 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, January 30th. Royal Bank of Canada cut their price objective on shares of Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating for the company in a research report on Wednesday, January 29th. TD Cowen upped their target price on Lockheed Martin from $560.00 to $610.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Truist Financial began coverage on Lockheed Martin in a report on Tuesday, January 14th. They set a “buy” rating and a $579.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft lowered Lockheed Martin from a “buy” rating to a “hold” rating and decreased their price objective for the company from $611.00 to $523.00 in a report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $555.60.

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.