RWA Wealth Partners LLC Sells 730 Shares of Lockheed Martin Corporation $LMT

Key Points

• RWA Wealth Partners LLC reduced its stake in Lockheed Martin by 1.7%, selling 730 shares and now holding 41,230 shares worth approximately $18.4 million.
• Lockheed Martin reported quarterly earnings of $7.29 per share, surpassing estimates, although revenue was slightly below forecast at $18.16 billion.
• The company announced a quarterly dividend of $3.30 payable on September 26th, representing an annualized yield of 3.0%.

RWA Wealth Partners LLC lowered its stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 1.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 41,230 shares of the aerospace company's stock after selling 730 shares during the quarter. RWA Wealth Partners LLC's holdings in Lockheed Martin were worth $18,418,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Entropy Technologies LP lifted its position in Lockheed Martin by 410.2% in the first quarter. Entropy Technologies LP now owns 17,626 shares of the aerospace company's stock valued at $7,874,000 after purchasing an additional 14,171 shares during the last quarter. PTM Wealth Management LLC purchased a new position in shares of Lockheed Martin during the first quarter valued at approximately $377,000. First American Bank increased its stake in shares of Lockheed Martin by 18.8% during the first quarter. First American Bank now owns 8,393 shares of the aerospace company's stock valued at $3,749,000 after buying an additional 1,327 shares during the period. Aquatic Capital Management LLC purchased a new position in shares of Lockheed Martin during the fourth quarter valued at approximately $33,294,000. Finally, Cantor Fitzgerald Investment Advisors L.P. increased its stake in shares of Lockheed Martin by 18.6% during the first quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 17,129 shares of the aerospace company's stock valued at $7,652,000 after buying an additional 2,686 shares during the period. Institutional investors own 74.19% of the company's stock.

Lockheed Martin Trading Up 0.1%

NYSE LMT opened at $437.78 on Monday. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $618.95. The stock has a market cap of $102.20 billion, a P/E ratio of 24.65, a P/E/G ratio of 1.54 and a beta of 0.27. The stock's fifty day moving average price is $451.63 and its 200-day moving average price is $456.74. 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 (NYSE:LMT - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.57 by $0.72. The firm had revenue of $18.16 billion for the quarter, compared to the consensus estimate of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%. The company's quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the company posted $7.11 earnings per share. As a group, equities analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be issued a $3.30 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 3.0%. Lockheed Martin's dividend payout ratio is currently 74.32%.

Analysts Set New Price Targets

Several research firms have recently issued reports on LMT. Baird R W raised Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 23rd. TD Cowen reissued a "hold" rating and set a $480.00 target price (down from $500.00) on shares of Lockheed Martin in a research note on Thursday, July 10th. Susquehanna reduced their target price on Lockheed Martin from $550.00 to $490.00 and set a "positive" rating on the stock in a research note on Wednesday, July 23rd. Sanford C. Bernstein set a $551.00 price target on Lockheed Martin and gave the stock a "market perform" rating in a research note on Monday, July 14th. Finally, Cowen cut Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Thursday, July 10th. Fifteen investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Lockheed Martin presently has a consensus rating of "Hold" and an average 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.

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