Kingswood Wealth Advisors LLC Has $2.79 Million Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Kingswood Wealth Advisors LLC lowered its stake in Lockheed Martin Co. (NYSE:LMT) by 56.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 6,123 shares of the aerospace company’s stock after selling 8,035 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Lockheed Martin were worth $2,785,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Paralel Advisors LLC increased its position in shares of Lockheed Martin by 1.1% in the third quarter. Paralel Advisors LLC now owns 4,046 shares of the aerospace company’s stock worth $1,655,000 after purchasing an additional 45 shares during the period. Cary Street Partners Investment Advisory LLC raised its holdings in shares of Lockheed Martin by 11.7% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 3,507 shares of the aerospace company’s stock worth $1,434,000 after buying an additional 368 shares in the last quarter. Consolidated Portfolio Review Corp boosted its stake in Lockheed Martin by 7.8% in the third quarter. Consolidated Portfolio Review Corp now owns 570 shares of the aerospace company’s stock valued at $233,000 after buying an additional 41 shares in the last quarter. Parkside Financial Bank & Trust grew its position in Lockheed Martin by 1.6% in the third quarter. Parkside Financial Bank & Trust now owns 1,694 shares of the aerospace company’s stock valued at $693,000 after acquiring an additional 26 shares during the last quarter. Finally, Paragon Private Wealth Management LLC boosted its stake in shares of Lockheed Martin by 14.2% in the 3rd quarter. Paragon Private Wealth Management LLC now owns 570 shares of the aerospace company’s stock valued at $233,000 after purchasing an additional 71 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Down 0.2 %

Shares of NYSE:LMT traded down $1.08 during mid-day trading on Wednesday, hitting $466.99. The company had a trading volume of 924,441 shares, compared to its average volume of 1,081,249. The company has a market capitalization of $112.05 billion, a PE ratio of 17.09, a price-to-earnings-growth ratio of 4.41 and a beta of 0.47. Lockheed Martin Co. has a one year low of $393.77 and a one year high of $479.50. The firm has a fifty day moving average price of $464.34 and a 200 day moving average price of $450.00. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.30 and a quick ratio of 1.11.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $6.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.80 by $0.53. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The company had revenue of $17.20 billion for the quarter, compared to analysts’ expectations of $16.04 billion. During the same quarter in the prior year, the firm earned $6.43 EPS. The business’s revenue was up 13.7% on a year-over-year basis. As a group, research analysts forecast that Lockheed Martin Co. will post 26.17 EPS for the current year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 3rd will be given a dividend of $3.15 per share. This represents a $12.60 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date is Monday, June 3rd. Lockheed Martin’s payout ratio is 46.10%.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Wells Fargo & Company raised their target price on shares of Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a research report on Thursday, April 25th. Citigroup boosted their target price on shares of Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. The Goldman Sachs Group dropped their price target on shares of Lockheed Martin from $380.00 to $377.00 and set a “sell” rating for the company in a research note on Tuesday, April 23rd. StockNews.com upgraded Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 25th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Lockheed Martin from $467.00 to $487.00 and gave the stock a “hold” rating in a research note on Thursday, April 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $485.40.

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.