LVW Advisors LLC Boosts Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

LVW Advisors LLC boosted its holdings in Lockheed Martin Co. (NYSE:LMT) by 23.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 972 shares of the aerospace company’s stock after buying an additional 187 shares during the quarter. LVW Advisors LLC’s holdings in Lockheed Martin were worth $442,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of LMT. Waverly Advisors LLC raised its position in shares of Lockheed Martin by 3.8% during the 3rd quarter. Waverly Advisors LLC now owns 1,177 shares of the aerospace company’s stock worth $481,000 after purchasing an additional 43 shares during the last quarter. Hodges Capital Management Inc. purchased a new position in Lockheed Martin in the 3rd quarter valued at about $369,000. Truist Financial Corp boosted its position in Lockheed Martin by 4.8% in the 3rd quarter. Truist Financial Corp now owns 279,714 shares of the aerospace company’s stock valued at $114,392,000 after buying an additional 12,691 shares during the last quarter. Axxcess Wealth Management LLC raised its stake in shares of Lockheed Martin by 202.4% in the 3rd quarter. Axxcess Wealth Management LLC now owns 7,854 shares of the aerospace company’s stock valued at $3,212,000 after purchasing an additional 5,257 shares in the last quarter. Finally, AXQ Capital LP acquired a new stake in Lockheed Martin during the third quarter worth about $982,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Price Performance

LMT opened at $466.44 on Tuesday. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.30 and a quick ratio of 1.11. The company has a market capitalization of $111.92 billion, a price-to-earnings ratio of 17.07, a P/E/G ratio of 4.40 and a beta of 0.46. The firm’s fifty day moving average price is $464.84 and its two-hundred day moving average price is $450.33. Lockheed Martin Co. has a 1 year low of $393.77 and a 1 year high of $479.50.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, beating the consensus estimate of $5.80 by $0.53. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The business had revenue of $17.20 billion for the quarter, compared to the consensus estimate of $16.04 billion. During the same period in the prior year, the firm earned $6.43 earnings per share. The company’s revenue was up 13.7% compared to the same quarter last year. As a group, analysts anticipate that Lockheed Martin Co. will post 26.17 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Tuesday, September 3rd will be issued a $3.15 dividend. This represents a $12.60 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Tuesday, September 3rd. Lockheed Martin’s dividend payout ratio is 46.10%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on LMT shares. Wells Fargo & Company increased their price objective on shares of Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a report on Thursday, April 25th. The Goldman Sachs Group cut their target price on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a research report on Tuesday, April 23rd. Citigroup raised their price target on shares of Lockheed Martin from $508.00 to $525.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. UBS Group raised their target price on shares of Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Finally, JPMorgan Chase & Co. upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $475.00 to $518.00 in a research report on Monday, April 15th. One research analyst has rated the stock with a sell rating, six have given a hold rating, three 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 “Hold” and an average price target of $485.40.

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.