Thrive Wealth Management LLC Lowers Position in Lockheed Martin Co. (NYSE:LMT)

Thrive Wealth Management LLC decreased its stake in shares of Lockheed Martin Co. (NYSE:LMT) by 6.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,611 shares of the aerospace company’s stock after selling 230 shares during the period. Thrive Wealth Management LLC’s holdings in Lockheed Martin were worth $1,613,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Nvwm LLC boosted its stake in shares of Lockheed Martin by 2.5% in the fourth quarter. Nvwm LLC now owns 908 shares of the aerospace company’s stock valued at $441,000 after buying an additional 22 shares during the period. Schear Investment Advisers LLC raised its holdings in Lockheed Martin by 2.0% in the 4th quarter. Schear Investment Advisers LLC now owns 1,147 shares of the aerospace company’s stock valued at $557,000 after acquiring an additional 22 shares in the last quarter. Private Portfolio Partners LLC raised its holdings in Lockheed Martin by 4.8% in the 4th quarter. Private Portfolio Partners LLC now owns 502 shares of the aerospace company’s stock valued at $244,000 after acquiring an additional 23 shares in the last quarter. Avitas Wealth Management LLC lifted its position in shares of Lockheed Martin by 0.5% during the 4th quarter. Avitas Wealth Management LLC now owns 5,309 shares of the aerospace company’s stock valued at $2,580,000 after acquiring an additional 24 shares during the period. Finally, Invenio Wealth Partners LLC grew its holdings in shares of Lockheed Martin by 6.2% during the 4th quarter. Invenio Wealth Partners LLC now owns 414 shares of the aerospace company’s stock worth $201,000 after purchasing an additional 24 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on LMT shares. Jefferies Financial Group reduced their price objective on shares of Lockheed Martin from $510.00 to $500.00 and set a “hold” rating on the stock in a research note on Monday, April 28th. Bank of America lowered shares of Lockheed Martin from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $685.00 to $485.00 in a research report on Monday, March 24th. Royal Bank of Canada downgraded shares of Lockheed Martin from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from $550.00 to $480.00 in a research report on Thursday, March 27th. Baird R W raised Lockheed Martin from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 23rd. Finally, Melius Research cut 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 assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $541.80.

Lockheed Martin Price Performance

NYSE LMT opened at $482.55 on Thursday. Lockheed Martin Co. has a one year low of $418.88 and a one year high of $618.95. The stock has a 50-day moving average of $466.28 and a 200 day moving average of $473.17. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. The company has a market capitalization of $113.06 billion, a price-to-earnings ratio of 21.68, a PEG ratio of 2.07 and a beta of 0.29.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, topping the consensus estimate of $6.34 by $0.94. The company had revenue of $17.96 billion during the quarter, compared to analyst estimates of $17.83 billion. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. On average, sell-side analysts forecast that Lockheed Martin Co. will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders 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 dividend on an annualized basis and a yield of 2.74%. Lockheed Martin’s payout ratio is presently 57.02%.

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.