Morgan Dempsey Capital Management LLC cut its stake in Lockheed Martin Corporation (NYSE:LMT – Free Report) by 0.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,051 shares of the aerospace company’s stock after selling 101 shares during the period. Lockheed Martin comprises about 2.9% of Morgan Dempsey Capital Management LLC’s investment portfolio, making the stock its 13th largest position. Morgan Dempsey Capital Management LLC’s holdings in Lockheed Martin were worth $6,971,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in LMT. TruNorth Capital Management LLC purchased a new stake in Lockheed Martin in the first quarter worth about $31,000. Frazier Financial Advisors LLC purchased a new stake in Lockheed Martin in the second quarter worth about $34,000. GFG Capital LLC purchased a new stake in Lockheed Martin in the second quarter worth about $43,000. Bernard Wealth Management Corp. lifted its stake in Lockheed Martin by 251.9% in the second quarter. Bernard Wealth Management Corp. now owns 95 shares of the aerospace company’s stock worth $44,000 after acquiring an additional 68 shares during the period. Finally, EQ Wealth Advisors LLC purchased a new stake in Lockheed Martin in the first quarter worth about $43,000. 74.19% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on LMT. JPMorgan Chase & Co. lowered their price objective on shares of Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating for the company in a research note on Wednesday, July 23rd. The Goldman Sachs Group upped their price objective on shares of Lockheed Martin from $398.00 to $425.00 and gave the stock a “sell” rating in a research note on Friday, October 10th. Cowen lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Thursday, July 10th. Robert W. Baird upped their price objective on shares of Lockheed Martin from $500.00 to $550.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. Finally, UBS Group lowered their price objective on shares of Lockheed Martin from $498.00 to $453.00 and set a “neutral” rating for the company in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $510.29.
Lockheed Martin Price Performance
Shares of NYSE LMT opened at $495.24 on Friday. The stock has a market capitalization of $115.62 billion, a price-to-earnings ratio of 27.89, a PEG ratio of 1.74 and a beta of 0.28. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $618.95. The firm’s 50 day simple moving average is $471.93 and its 200-day simple moving average is $464.78. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83.
Lockheed Martin (NYSE:LMT – Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, topping analysts’ consensus estimates of $6.57 by $0.72. The business had revenue of $18.16 billion for the quarter, compared to analysts’ expectations of $18.59 billion. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The business’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the company earned $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current year.
Lockheed Martin Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st will be given a dividend of $3.45 per share. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. The ex-dividend date is Monday, December 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.8%. Lockheed Martin’s payout ratio is 77.70%.
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.
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