Stillwater Wealth Management Group Increases Stock Position in Lockheed Martin Corporation (NYSE:LMT)

Stillwater Wealth Management Group grew its position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 11.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,870 shares of the aerospace company's stock after buying an additional 589 shares during the quarter. Lockheed Martin accounts for 2.3% of Stillwater Wealth Management Group's investment portfolio, making the stock its 24th largest holding. Stillwater Wealth Management Group's holdings in Lockheed Martin were worth $2,622,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of LMT. Geode Capital Management LLC increased its holdings in shares of 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 purchasing an additional 59,597 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Lockheed Martin by 6.3% in the 4th quarter. Northern Trust Corp now owns 2,260,910 shares of the aerospace company's stock valued at $1,098,667,000 after purchasing an additional 134,662 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Lockheed Martin by 17.5% in the 4th quarter. Invesco Ltd. now owns 2,131,928 shares of the aerospace company's stock valued at $1,035,989,000 after purchasing an additional 318,007 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Lockheed Martin by 41,104.9% in the 1st quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company's stock valued at $889,593,000 after purchasing an additional 1,986,600 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Lockheed Martin by 5.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,274,580 shares of the aerospace company's stock valued at $619,369,000 after purchasing an additional 70,516 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company's stock.

Lockheed Martin Trading Down 0.6%

LMT traded down $2.61 during trading on Tuesday, hitting $470.96. 1,038,756 shares of the company's stock were exchanged, compared to its average volume of 1,366,783. The company has a current ratio of 1.08, a quick ratio of 0.91 and a debt-to-equity ratio of 2.79. Lockheed Martin Corporation has a 1 year low of $418.88 and a 1 year high of $618.95. The stock has a 50 day moving average price of $469.59 and a 200 day moving average price of $464.56. The firm has a market cap of $110.35 billion, a P/E ratio of 20.34, a price-to-earnings-growth ratio of 1.63 and a beta of 0.28.

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

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $3.30 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $13.20 annualized dividend and a yield of 2.80%. Lockheed Martin's dividend payout ratio is currently 57.02%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on LMT shares. TD Cowen restated a "hold" rating and set a $480.00 target price (down from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. UBS Group raised their target price on shares of Lockheed Martin from $481.00 to $499.00 and gave the company a "neutral" rating in a report on Wednesday, April 23rd. Morgan Stanley upgraded shares of Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 target price for the company in a report on Wednesday, April 16th. Truist Financial set a $554.00 target price on shares of Lockheed Martin and gave the company a "buy" rating in a report on Friday. Finally, Jefferies Financial Group lowered their price target 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. Twelve equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $532.69.

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.