Elevation Point Wealth Partners LLC Acquires 617 Shares of Lockheed Martin Co. (NYSE:LMT)

Elevation Point Wealth Partners LLC boosted its holdings in Lockheed Martin Co. (NYSE:LMT - Free Report) by 34.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,430 shares of the aerospace company's stock after acquiring an additional 617 shares during the quarter. Elevation Point Wealth Partners LLC's holdings in Lockheed Martin were worth $1,086,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in shares of Lockheed Martin by 41,104.9% in the first quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company's stock worth $889,593,000 after purchasing an additional 1,986,600 shares in the last quarter. Proficio Capital Partners LLC grew its holdings in shares of Lockheed Martin by 53,784.3% during the 4th quarter. Proficio Capital Partners LLC now owns 1,235,568 shares of the aerospace company's stock valued at $600,412,000 after acquiring an additional 1,233,275 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Lockheed Martin by 17.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,471,071 shares of the aerospace company's stock worth $3,630,492,000 after acquiring an additional 1,132,461 shares in the last quarter. Castlekeep Investment Advisors LLC acquired a new stake in Lockheed Martin during the fourth quarter valued at $526,587,000. Finally, Leigh Baldwin & CO. LLC purchased a new position in Lockheed Martin in the fourth quarter valued at about $451,985,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Performance

Shares of NYSE:LMT traded down $17.47 on Monday, hitting $468.98. 848,337 shares of the company were exchanged, compared to its average volume of 1,322,979. The company's 50 day moving average price is $470.72 and its two-hundred day moving average price is $469.65. The firm has a market capitalization of $109.88 billion, a price-to-earnings ratio of 21.09, a PEG ratio of 2.07 and a beta of 0.29. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. Lockheed Martin Co. has a one year low of $418.88 and a one year high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.34 by $0.94. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. The firm had revenue of $17.96 billion for the quarter, compared to analyst estimates of $17.83 billion. Research analysts expect that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Monday, June 2nd will be issued a $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 2.81%. The ex-dividend date of this dividend is Monday, June 2nd. Lockheed Martin's payout ratio is currently 57.02%.

Wall Street Analyst Weigh In

LMT has been the topic of a number of research reports. Wall Street Zen downgraded Lockheed Martin from a "strong-buy" rating to a "buy" rating in a report on Saturday, May 3rd. Robert W. Baird upgraded shares of Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 price target on the stock in a report on Wednesday, April 23rd. Jefferies Financial Group decreased their price objective on shares of Lockheed Martin from $510.00 to $500.00 and set a "hold" rating for the company in a report on Monday, April 28th. Royal Bank of Canada lowered Lockheed Martin from an "outperform" rating to a "sector perform" rating and cut their target price for the company from $550.00 to $480.00 in a report on Thursday, March 27th. Finally, Melius cut Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. Nine research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $541.80.

Lockheed Martin 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.