Revolve Wealth Partners LLC Cuts Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Revolve Wealth Partners LLC lessened its stake in Lockheed Martin Co. (NYSE:LMT) by 5.6% during the first quarter, Holdings Channel reports. The firm owned 471 shares of the aerospace company’s stock after selling 28 shares during the period. Revolve Wealth Partners LLC’s holdings in Lockheed Martin were worth $210,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Perennial Advisors LLC acquired a new position in Lockheed Martin in the first quarter valued at $226,000. Sivia Capital Partners LLC lifted its stake in shares of Lockheed Martin by 56.4% in the 1st quarter. Sivia Capital Partners LLC now owns 923 shares of the aerospace company’s stock valued at $412,000 after purchasing an additional 333 shares in the last quarter. First City Capital Management Inc. grew its holdings in shares of Lockheed Martin by 0.8% during the 1st quarter. First City Capital Management Inc. now owns 3,465 shares of the aerospace company’s stock worth $1,548,000 after purchasing an additional 28 shares during the period. Piscataqua Savings Bank increased its position in Lockheed Martin by 500.0% during the 1st quarter. Piscataqua Savings Bank now owns 540 shares of the aerospace company’s stock worth $241,000 after purchasing an additional 450 shares in the last quarter. Finally, Gateway Investment Advisers LLC raised its holdings in Lockheed Martin by 11.3% in the first quarter. Gateway Investment Advisers LLC now owns 3,805 shares of the aerospace company’s stock valued at $1,700,000 after buying an additional 386 shares during the period. 74.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Morgan Stanley upgraded shares of Lockheed Martin from an “equal weight” rating to an “overweight” rating and set a $575.00 price objective for the company in a research note on Wednesday, April 16th. Wells Fargo & Company reduced their target price on shares of Lockheed Martin from $476.00 to $432.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. Melius Research downgraded Lockheed Martin from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. Robert W. Baird raised Lockheed Martin from a “neutral” rating to an “outperform” rating and set a $540.00 price objective on the stock in a research report on Wednesday, April 23rd. Finally, UBS Group upped their target price on Lockheed Martin from $481.00 to $499.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 23rd. Nine equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $541.80.

Lockheed Martin Trading Up 0.7%

NYSE:LMT opened at $481.49 on Monday. The stock has a market cap of $112.81 billion, a price-to-earnings ratio of 21.63, a price-to-earnings-growth ratio of 2.07 and a beta of 0.29. Lockheed Martin Co. has a one year low of $418.88 and a one year high of $618.95. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. The business’s 50-day simple moving average is $467.56 and its 200 day simple moving average is $471.52.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.34 by $0.94. The company had revenue of $17.96 billion for the quarter, compared to the consensus estimate of $17.83 billion. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. As a group, sell-side analysts predict 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, June 27th. Investors of record on Monday, June 2nd will be issued a $3.30 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $13.20 annualized dividend and a yield of 2.74%. Lockheed Martin’s dividend payout ratio is presently 57.02%.

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.