WP Advisors LLC Has $725,000 Stock Holdings in Lockheed Martin Corporation (NYSE:LMT)

WP Advisors LLC decreased its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 9.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,624 shares of the aerospace company’s stock after selling 174 shares during the quarter. WP Advisors LLC’s holdings in Lockheed Martin were worth $725,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its stake in shares of Lockheed Martin by 2.4% in the 1st quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 2,964 shares of the aerospace company’s stock valued at $1,330,000 after purchasing an additional 70 shares during the period. Maia Wealth LLC lifted its stake in shares of Lockheed Martin by 2.1% in the 1st quarter. Maia Wealth LLC now owns 3,828 shares of the aerospace company’s stock valued at $1,820,000 after purchasing an additional 80 shares during the period. Independent Advisor Alliance lifted its stake in shares of Lockheed Martin by 7.4% in the 1st quarter. Independent Advisor Alliance now owns 23,656 shares of the aerospace company’s stock valued at $10,567,000 after purchasing an additional 1,620 shares during the period. Linscomb Wealth Inc. increased its position in shares of Lockheed Martin by 0.4% in the 1st quarter. Linscomb Wealth Inc. now owns 23,553 shares of the aerospace company’s stock valued at $10,521,000 after buying an additional 92 shares in the last quarter. Finally, SouthState Corp increased its position in shares of Lockheed Martin by 34.3% in the 1st quarter. SouthState Corp now owns 4,785 shares of the aerospace company’s stock valued at $2,138,000 after buying an additional 1,223 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analyst Ratings Changes

LMT has been the subject of a number of recent analyst reports. Royal Bank Of Canada lowered their price objective on shares of Lockheed Martin from $480.00 to $440.00 and set a “sector perform” rating for the company in a research report on Wednesday, July 23rd. Cowen cut Lockheed Martin from a “buy” rating to a “hold” rating in a report on Thursday, July 10th. Robert W. Baird lowered their target price on Lockheed Martin from $540.00 to $500.00 and set an “outperform” rating for the company in a report on Wednesday, July 23rd. Sanford C. Bernstein set a $551.00 target price on Lockheed Martin and gave the stock a “market perform” rating in a report on Monday, July 14th. Finally, Wall Street Zen cut Lockheed Martin from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Fifteen equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $506.65.

Lockheed Martin Stock Down 1.2%

NYSE LMT opened at $425.68 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $618.95. The company has a 50 day moving average of $456.14 and a 200-day moving average of $458.12. The company has a market cap of $99.38 billion, a price-to-earnings ratio of 23.97, a PEG ratio of 1.49 and a beta of 0.27.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, beating analysts’ consensus estimates of $6.57 by $0.72. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The company had revenue of $18.16 billion during the quarter, compared to the consensus estimate of $18.59 billion. During the same period in the previous year, the business earned $7.11 earnings per share. The firm’s quarterly revenue was up .2% on a year-over-year basis. On average, equities research analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a yield of 3.1%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin’s payout ratio is currently 74.32%.

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.