TruWealth Advisors LLC Has $14.38 Million Stock Position in Lockheed Martin Co. (NYSE:LMT)

TruWealth Advisors LLC trimmed its stake in Lockheed Martin Co. (NYSE:LMT - Free Report) by 25.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,198 shares of the aerospace company's stock after selling 10,813 shares during the period. TruWealth Advisors LLC's holdings in Lockheed Martin were worth $14,383,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Kentucky Retirement Systems Insurance Trust Fund boosted its stake in Lockheed Martin by 51.7% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 9,528 shares of the aerospace company's stock worth $4,630,000 after purchasing an additional 3,247 shares in the last quarter. Aquatic Capital Management LLC acquired a new stake in Lockheed Martin in the 4th quarter valued at about $33,294,000. Private Advisor Group LLC raised its stake in shares of Lockheed Martin by 11.0% in the fourth quarter. Private Advisor Group LLC now owns 51,253 shares of the aerospace company's stock worth $24,906,000 after acquiring an additional 5,075 shares during the last quarter. State of Wyoming grew its stake in shares of Lockheed Martin by 93.9% during the fourth quarter. State of Wyoming now owns 1,113 shares of the aerospace company's stock valued at $541,000 after purchasing an additional 539 shares during the last quarter. Finally, Confluence Wealth Services Inc. increased its holdings in shares of Lockheed Martin by 174.0% in the fourth quarter. Confluence Wealth Services Inc. now owns 3,176 shares of the aerospace company's stock valued at $1,579,000 after purchasing an additional 2,017 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Down 1.0%

Shares of Lockheed Martin stock traded down $4.64 on Thursday, reaching $477.57. 1,062,709 shares of the company were exchanged, compared to its average volume of 1,298,169. The company has a market capitalization of $111.89 billion, a price-to-earnings ratio of 21.45, a PEG ratio of 2.07 and a beta of 0.29. The company has a current ratio of 1.13, a quick ratio of 0.95 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a one year low of $418.88 and a one year high of $618.95. The company has a 50-day moving average of $466.28 and a 200 day moving average of $473.17.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, beating the consensus estimate of $6.34 by $0.94. The firm had revenue of $17.96 billion for the quarter, compared to the consensus estimate of $17.83 billion. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. On average, equities research analysts forecast that Lockheed Martin Co. will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Monday, June 2nd will be paid a $3.30 dividend. The ex-dividend date is Monday, June 2nd. This represents a $13.20 annualized dividend and a yield of 2.76%. Lockheed Martin's dividend payout ratio (DPR) is presently 57.02%.

Wall Street Analyst Weigh In

LMT has been the subject of a number of recent research reports. Baird R W upgraded Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 23rd. Royal Bank of Canada downgraded shares of Lockheed Martin from an "outperform" rating to a "sector perform" rating and cut their target price for the company from $550.00 to $480.00 in a research report on Thursday, March 27th. Robert W. Baird upgraded shares of Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 price target for the company in a research report on Wednesday, April 23rd. Melius lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a report on Monday, March 24th. Finally, Melius Research lowered shares of Lockheed Martin from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. Nine research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $541.80.

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.