Trivium Point Advisory LLC Has $1.96 Million Holdings in Lockheed Martin Corporation (NYSE:LMT)

Trivium Point Advisory LLC reduced its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 55.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,396 shares of the aerospace company's stock after selling 5,555 shares during the quarter. Trivium Point Advisory LLC's holdings in Lockheed Martin were worth $1,964,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. TruNorth Capital Management LLC acquired a new position in Lockheed Martin during the 1st quarter worth $31,000. Heck Capital Advisors LLC acquired a new position in Lockheed Martin during the 4th quarter worth $35,000. Banque Transatlantique SA acquired a new position in Lockheed Martin during the 4th quarter worth $43,000. EQ Wealth Advisors LLC acquired a new position in Lockheed Martin during the 1st quarter worth $43,000. Finally, Ritter Daniher Financial Advisory LLC DE bought a new stake in shares of Lockheed Martin in the 1st quarter valued at $45,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Trading Up 2.5%

Lockheed Martin stock opened at $442.21 on Thursday. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $618.95. The company has a market cap of $103.24 billion, a price-to-earnings ratio of 24.90, a P/E/G ratio of 1.51 and a beta of 0.27. The firm has a 50-day moving average of $453.30 and a 200-day moving average of $457.33. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.57 by $0.72. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The business had revenue of $18.16 billion during the quarter, compared to the consensus estimate of $18.59 billion. During the same period last year, the business posted $7.11 EPS. Lockheed Martin's revenue was up .2% on a year-over-year basis. On average, equities analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $3.30 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $13.20 annualized dividend and a yield of 3.0%. Lockheed Martin's dividend payout ratio (DPR) is 74.32%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Susquehanna lowered their price objective on shares of Lockheed Martin from $550.00 to $490.00 and set a "positive" rating for the company in a research report on Wednesday, July 23rd. Truist Financial cut Lockheed Martin from a "buy" rating to a "hold" rating and lowered their target price for the stock from $554.00 to $440.00 in a report on Wednesday, July 23rd. Royal Bank Of Canada lowered their target price on Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating for the company in a report on Wednesday, July 23rd. TD Cowen reiterated a "hold" rating and set a $480.00 target price (down previously from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. Finally, Morgan Stanley upgraded 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. Fifteen equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $506.65.

About Lockheed Martin

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.

Want to see what other hedge funds are holding LMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lockheed Martin Corporation (NYSE:LMT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.