Tacita Capital Inc Sells 55 Shares of Lockheed Martin Co. (NYSE:LMT)

Tacita Capital Inc lowered its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 38.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 87 shares of the aerospace company’s stock after selling 55 shares during the period. Tacita Capital Inc’s holdings in Lockheed Martin were worth $42,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Bravias Capital Group LLC acquired a new position in Lockheed Martin during the 4th quarter valued at about $244,000. Gryphon Financial Partners LLC boosted its stake in Lockheed Martin by 3.8% during the 4th quarter. Gryphon Financial Partners LLC now owns 2,710 shares of the aerospace company’s stock valued at $1,317,000 after purchasing an additional 99 shares during the last quarter. Meridian Wealth Management LLC boosted its stake in Lockheed Martin by 27.7% during the 4th quarter. Meridian Wealth Management LLC now owns 6,085 shares of the aerospace company’s stock valued at $2,957,000 after purchasing an additional 1,319 shares during the last quarter. Mission Wealth Management LP boosted its stake in Lockheed Martin by 9.5% during the 4th quarter. Mission Wealth Management LP now owns 4,841 shares of the aerospace company’s stock valued at $2,353,000 after purchasing an additional 419 shares during the last quarter. Finally, Keystone Wealth Services LLC boosted its stake in Lockheed Martin by 33.8% during the 4th quarter. Keystone Wealth Services LLC now owns 1,196 shares of the aerospace company’s stock valued at $581,000 after purchasing an additional 302 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on LMT shares. Truist Financial started coverage on Lockheed Martin in a research note on Tuesday, January 14th. They set a “buy” rating and a $579.00 price target for the company. Morgan Stanley cut their target price on Lockheed Martin from $555.00 to $525.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. StockNews.com downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft downgraded Lockheed Martin from a “buy” rating to a “hold” rating and cut their target price for the stock from $611.00 to $523.00 in a research note on Thursday, January 2nd. Finally, Royal Bank of Canada cut their target price on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 29th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $553.67.

Insider Buying and Selling at Lockheed Martin

In other Lockheed Martin news, VP Harry Edward Paul III sold 707 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total transaction of $312,925.27. Following the sale, the vice president now owns 2,278 shares of the company’s stock, valued at $1,008,265.58. The trade was a 23.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $442.42, for a total transaction of $1,421,495.46. Following the completion of the transaction, the insider now directly owns 2,000 shares in the company, valued at approximately $884,840. The trade was a 61.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,133 shares of company stock valued at $3,155,916 in the last 90 days. 0.17% of the stock is currently owned by company insiders.

Lockheed Martin Price Performance

Lockheed Martin stock opened at $451.44 on Tuesday. Lockheed Martin Co. has a 12 month low of $419.70 and a 12 month high of $618.95. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. The business’s 50 day simple moving average is $465.09 and its 200 day simple moving average is $524.06. The company has a market cap of $106.26 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 2.07 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, beating 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 forecast that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be issued a dividend of $3.30 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a yield of 2.92%. 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.