Windward Capital Management Co. CA Has $25.43 Million Holdings in Lockheed Martin Corporation (NYSE:LMT)

Key Points

• Windward Capital Management Co. CA reduced its stake in Lockheed Martin by 2.8%, retaining 56,920 shares valued at $25.43 million as of the latest SEC filing.
• Lockheed Martin's recent quarterly earnings report surpassed expectations, with earnings per share at $7.29, exceeding the consensus estimate of $6.57.
• The firm announced a quarterly dividend of $3.30, with a payout ratio of 74.32%, reflecting a 3.0% annualized dividend yield.

Windward Capital Management Co. CA cut its stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 2.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 56,920 shares of the aerospace company's stock after selling 1,658 shares during the period. Lockheed Martin accounts for 2.2% of Windward Capital Management Co. CA's holdings, making the stock its 13th largest position. Windward Capital Management Co. CA's holdings in Lockheed Martin were worth $25,427,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. TruNorth Capital Management LLC acquired a new stake in shares of Lockheed Martin in the first quarter valued at approximately $31,000. Heck Capital Advisors LLC acquired a new stake in shares of Lockheed Martin in the fourth quarter valued at approximately $35,000. Banque Transatlantique SA acquired a new stake in shares of Lockheed Martin in the fourth quarter valued at approximately $43,000. EQ Wealth Advisors LLC acquired a new stake in shares of Lockheed Martin in the first quarter valued at approximately $43,000. Finally, Ritter Daniher Financial Advisory LLC DE acquired a new stake in shares of Lockheed Martin in the first quarter valued at approximately $45,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Performance

NYSE LMT opened at $437.78 on Friday. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $618.95. The stock has a market cap of $102.20 billion, a PE ratio of 24.65, a PEG ratio of 1.54 and a beta of 0.27. The firm's fifty day moving average price is $451.63 and its two-hundred day moving average price is $456.76.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, topping 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 company had revenue of $18.16 billion for the quarter, compared to analysts' expectations of $18.59 billion. During the same quarter in the previous year, the firm posted $7.11 earnings per share. Lockheed Martin's revenue for the quarter was up .2% on a year-over-year basis. On average, equities 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. Investors of record on Tuesday, September 2nd will be paid a $3.30 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $13.20 annualized dividend and a dividend yield of 3.0%. Lockheed Martin's payout ratio is currently 74.32%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on LMT. UBS Group dropped their price target on shares of Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating for the company in a research report on Wednesday, July 23rd. Wall Street Zen cut shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Truist Financial cut shares of Lockheed Martin from a "buy" rating to a "hold" rating and decreased their price objective for the company from $554.00 to $440.00 in a research note 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 note on Thursday, July 10th. Finally, Royal Bank Of Canada decreased their price objective on shares of Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating on the stock in a research note on Wednesday, July 23rd. Fifteen 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 company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $506.65.

Lockheed Martin Company 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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