Impact Partnership Wealth LLC Has $1.48 Million Stock Position in Lockheed Martin Corporation (NYSE:LMT)

Impact Partnership Wealth LLC lifted its position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 173.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 3,308 shares of the aerospace company's stock after acquiring an additional 2,098 shares during the period. Lockheed Martin accounts for 0.3% of Impact Partnership Wealth LLC's portfolio, making the stock its 29th biggest holding. Impact Partnership Wealth LLC's holdings in Lockheed Martin were worth $1,477,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Geode Capital Management LLC grew its position in Lockheed Martin by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 4,887,242 shares of the aerospace company's stock valued at $2,374,557,000 after buying an additional 59,597 shares in the last quarter. Northern Trust Corp increased its holdings in Lockheed Martin by 6.3% in the fourth quarter. Northern Trust Corp now owns 2,260,910 shares of the aerospace company's stock worth $1,098,667,000 after buying an additional 134,662 shares during the last quarter. Invesco Ltd. increased its holdings in Lockheed Martin by 17.5% in the fourth quarter. Invesco Ltd. now owns 2,131,928 shares of the aerospace company's stock worth $1,035,989,000 after buying an additional 318,007 shares during the last quarter. GAMMA Investing LLC increased its holdings in 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 buying an additional 1,986,600 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Lockheed Martin by 5.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,274,580 shares of the aerospace company's stock worth $619,369,000 after buying an additional 70,516 shares during the last quarter. Institutional investors own 74.19% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on LMT. Truist Financial set a $554.00 price objective on Lockheed Martin and gave the stock a "buy" rating in a report on Friday, July 11th. UBS Group increased their price objective on Lockheed Martin from $481.00 to $499.00 and gave the stock a "neutral" rating in a report on Wednesday, April 23rd. Baird R W upgraded Lockheed Martin from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 23rd. Sanford C. Bernstein set a $551.00 price objective on Lockheed Martin and gave the stock a "market perform" rating in a report on Monday, July 14th. Finally, Royal Bank Of Canada downgraded Lockheed Martin from an "outperform" rating to a "sector perform" rating and lowered their price target for the company from $550.00 to $480.00 in a report on Thursday, March 27th. Twelve equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Lockheed Martin currently has a consensus rating of "Hold" and a consensus target price of $532.69.

Lockheed Martin Price Performance

Shares of NYSE LMT traded down $5.06 during midday trading on Friday, reaching $464.14. 1,843,659 shares of the company traded hands, compared to its average volume of 1,374,525. The firm has a market cap of $108.75 billion, a PE ratio of 20.05, a PEG ratio of 1.63 and a beta of 0.28. The stock's 50-day simple moving average is $469.37 and its 200-day simple moving average is $464.26. Lockheed Martin Corporation has a 12 month low of $418.88 and a 12 month high of $618.95. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.91 and a current ratio of 1.08.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.34 by $0.94. The company had revenue of $17.96 billion during the quarter, compared to analysts' expectations of $17.83 billion. Lockheed Martin had a return on equity of 104.09% and a net margin of 7.66%. As a group, equities analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 2nd will be paid a $3.30 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.84%. Lockheed Martin's dividend payout ratio (DPR) is presently 57.02%.

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.