Consilium Wealth Advisory LLC Reduces Stake in Lockheed Martin Co. (NYSE:LMT)

Consilium Wealth Advisory LLC lowered its holdings in Lockheed Martin Co. (NYSE:LMT) by 6.5% during the fourth quarter, HoldingsChannel reports. The fund owned 593 shares of the aerospace company’s stock after selling 41 shares during the period. Consilium Wealth Advisory LLC’s holdings in Lockheed Martin were worth $288,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in LMT. abrdn plc increased its holdings in shares of Lockheed Martin by 14.8% in the 3rd quarter. abrdn plc now owns 21,036 shares of the aerospace company’s stock valued at $12,240,000 after acquiring an additional 2,707 shares during the last quarter. Nicholas Hoffman & Company LLC. increased its holdings in shares of Lockheed Martin by 3.3% in the 3rd quarter. Nicholas Hoffman & Company LLC. now owns 3,014 shares of the aerospace company’s stock valued at $1,762,000 after acquiring an additional 95 shares during the last quarter. Childress Capital Advisors LLC increased its holdings in shares of Lockheed Martin by 3.9% in the 3rd quarter. Childress Capital Advisors LLC now owns 823 shares of the aerospace company’s stock valued at $481,000 after acquiring an additional 31 shares during the last quarter. Avitas Wealth Management LLC increased its holdings in shares of Lockheed Martin by 1.0% in the 3rd quarter. Avitas Wealth Management LLC now owns 5,285 shares of the aerospace company’s stock valued at $3,089,000 after acquiring an additional 51 shares during the last quarter. Finally, Walter & Keenan Wealth Management LLC IN ADV increased its holdings in shares of Lockheed Martin by 1.4% in the 3rd quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 1,629 shares of the aerospace company’s stock valued at $952,000 after acquiring an additional 23 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $441.56 on Thursday. The stock has a fifty day moving average price of $467.23 and a 200 day moving average price of $526.63. The stock has a market cap of $103.94 billion, a PE ratio of 19.84, a P/E/G ratio of 2.07 and a beta of 0.48. Lockheed Martin Co. has a 1 year low of $419.70 and a 1 year high of $618.95. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, topping the consensus estimate of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. Sell-side analysts forecast that Lockheed Martin Co. will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 3rd will be given a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a yield of 2.99%. The ex-dividend date of this dividend is Monday, March 3rd. Lockheed Martin’s payout ratio is 59.30%.

Wall Street Analyst Weigh In

LMT has been the topic of a number of research reports. StockNews.com downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Friday, January 31st. Royal Bank of Canada dropped their price target on Lockheed Martin from $570.00 to $550.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 29th. UBS Group dropped their price target on Lockheed Martin from $527.00 to $508.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. Citigroup dropped their price target on Lockheed Martin from $700.00 to $600.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. Finally, Truist Financial initiated coverage on Lockheed Martin in a research note on Tuesday, January 14th. They set a “buy” rating and a $579.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $553.67.

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.