Lockheed Martin Corporation (NYSE:LMT) Holdings Decreased by Elwood & Goetz Wealth Advisory Group LLC

Elwood & Goetz Wealth Advisory Group LLC lessened its stake in Lockheed Martin Corporation (NYSE:LMT) by 27.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,235 shares of the aerospace company’s stock after selling 461 shares during the quarter. Elwood & Goetz Wealth Advisory Group LLC’s holdings in Lockheed Martin were worth $552,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. grew its position in shares of Lockheed Martin by 7.4% during the 1st quarter. Oppenheimer & Co. Inc. now owns 34,026 shares of the aerospace company’s stock worth $15,200,000 after buying an additional 2,339 shares during the period. EQ Wealth Advisors LLC acquired a new position in Lockheed Martin during the 1st quarter worth approximately $43,000. Brown Lisle Cummings Inc. boosted its holdings in Lockheed Martin by 1.8% during the first quarter. Brown Lisle Cummings Inc. now owns 3,488 shares of the aerospace company’s stock worth $1,558,000 after purchasing an additional 61 shares during the last quarter. Stiles Financial Services Inc boosted its position in Lockheed Martin by 4.6% during the first quarter. Stiles Financial Services Inc now owns 4,338 shares of the aerospace company’s stock valued at $1,941,000 after purchasing an additional 191 shares during the last quarter. Finally, Moser Wealth Advisors LLC lifted its stake in Lockheed Martin by 4.4% in the first quarter. Moser Wealth Advisors LLC now owns 3,452 shares of the aerospace company’s stock valued at $1,542,000 after acquiring an additional 147 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Up 0.3%

NYSE:LMT opened at $470.21 on Monday. The firm’s 50-day moving average price is $471.63 and its 200-day moving average price is $467.91. The company has a market capitalization of $110.17 billion, a PE ratio of 20.31, a P/E/G ratio of 1.64 and a beta of 0.29. The company has a debt-to-equity ratio of 2.79, a current ratio of 1.08 and a quick ratio of 0.91. Lockheed Martin Corporation has a 1-year low of $418.88 and a 1-year high of $618.95.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share for the quarter, topping analysts’ consensus estimates of $6.34 by $0.94. The business had revenue of $17.96 billion for the quarter, compared to analysts’ expectations of $17.83 billion. Lockheed Martin had a net margin of 7.66% and a return on equity of 104.09%. On average, equities analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Monday, June 2nd will be paid a dividend of $3.30 per share. The ex-dividend date is Monday, June 2nd. This represents a $13.20 annualized dividend and a yield of 2.81%. Lockheed Martin’s dividend payout ratio is 57.02%.

Wall Street Analysts Forecast Growth

LMT has been the subject of several analyst reports. Bank of America cut shares of Lockheed Martin from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $685.00 to $485.00 in a research note on Monday, March 24th. Wall Street Zen cut Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 3rd. Baird R W upgraded shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 23rd. Melius downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Monday, March 24th. Finally, Melius Research cut Lockheed Martin from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 24th. Nine analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Lockheed Martin presently has an average rating of “Moderate Buy” and an average price target of $541.80.

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.