Nicholas Wealth LLC. Has $871,000 Stock Holdings in Lockheed Martin Corporation (NYSE:LMT)

Key Points

• Nicholas Wealth LLC significantly reduced its holdings in Lockheed Martin Corporation by 54.3% during the 1st quarter, selling 2,316 shares and now owning 1,951 shares valued at $871,000.
• The stock is currently trading at $421.60 after a 0.2% increase, with a market capitalization of approximately $98.43 billion and a low-to-high trading range over the past year of $410.11 to $618.95.
• Lockheed Martin recently announced a quarterly dividend of $3.30 per share, which reflects a 3.13% dividend yield and a payout ratio of 74.32%.

Nicholas Wealth LLC. decreased its holdings in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 54.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,951 shares of the aerospace company's stock after selling 2,316 shares during the quarter. Nicholas Wealth LLC.'s holdings in Lockheed Martin were worth $871,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. TruNorth Capital Management LLC acquired a new stake in Lockheed Martin in the first quarter valued at $31,000. Heck Capital Advisors LLC bought a new position in shares of Lockheed Martin in the fourth quarter valued at about $35,000. Redwood Park Advisors LLC bought a new position in shares of Lockheed Martin in the fourth quarter valued at about $40,000. Banque Transatlantique SA bought a new position in shares of Lockheed Martin in the fourth quarter valued at about $43,000. Finally, EQ Wealth Advisors LLC bought a new position in shares of Lockheed Martin in the first quarter valued at about $43,000. Institutional investors and hedge funds own 74.19% of the company's stock.

Lockheed Martin Price Performance

Shares of LMT traded up $2.69 during mid-day trading on Monday, reaching $423.86. The company had a trading volume of 1,086,972 shares, compared to its average volume of 1,665,760. The company's 50 day simple moving average is $465.80 and its 200 day simple moving average is $462.62. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $618.95. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98. The company has a market capitalization of $98.96 billion, a price-to-earnings ratio of 23.84, a P/E/G ratio of 1.48 and a beta of 0.28.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted 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 for the quarter, compared to the consensus estimate of $18.59 billion. During the same period last year, the company posted $7.11 EPS. The firm's quarterly revenue was up .2% compared to the same quarter last year. Analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The business also recently declared 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 3.11%. Lockheed Martin's payout ratio is currently 74.32%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on LMT. Baird R W raised shares of Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. dropped their price objective on shares of Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 23rd. TD Cowen reissued a "hold" rating and issued a $480.00 price objective (down from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. Wells Fargo & Company dropped their price objective on shares of Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Finally, Sanford C. Bernstein set a $551.00 price target on shares of Lockheed Martin and gave the stock a "market perform" rating in a research report on Monday, July 14th. Fifteen research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Lockheed Martin has a consensus rating of "Hold" and a consensus price target of $506.65.

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.