Atria Wealth Solutions Inc. Sells 552 Shares of Lockheed Martin Co. (NYSE:LMT)

Atria Wealth Solutions Inc. decreased its position in Lockheed Martin Co. (NYSE:LMT) by 1.5% during the 4th quarter, HoldingsChannel reports. The fund owned 37,040 shares of the aerospace company’s stock after selling 552 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Lockheed Martin were worth $17,999,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of LMT. Itau Unibanco Holding S.A. bought 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 in the 4th quarter valued at $35,000. Capital Performance Advisors LLP bought a new stake in Lockheed Martin during the 3rd quarter worth about $40,000. Legacy Investment Solutions LLC acquired a new position in shares of Lockheed Martin during the 3rd quarter worth about $42,000. Finally, Vestor Capital LLC bought a new position in shares of Lockheed Martin in the 3rd quarter valued at about $46,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

LMT opened at $423.15 on Tuesday. 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 company has a market capitalization of $99.60 billion, a PE ratio of 19.01, a price-to-earnings-growth ratio of 2.12 and a beta of 0.48. The business has a fifty day simple moving average of $477.08 and a 200 day simple moving average of $532.77. Lockheed Martin Co. has a 1 year low of $418.58 and a 1 year high of $618.95.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 EPS 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 expect that Lockheed Martin Co. will post 27.14 EPS for the current year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be paid a dividend of $3.30 per share. The ex-dividend date is Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a yield of 3.12%. Lockheed Martin’s dividend payout ratio (DPR) is presently 59.30%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Wells Fargo & Company dropped their target price on Lockheed Martin from $500.00 to $497.00 and set an “equal weight” rating on the stock in a report on Thursday, January 30th. TD Cowen upped their price objective on Lockheed Martin from $560.00 to $610.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. decreased their target price on shares of Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Robert W. Baird upped their price target on shares of Lockheed Martin from $519.00 to $626.00 in a research report on Tuesday, October 22nd. Finally, Royal Bank of Canada decreased 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average 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.