Atria Investments Inc Cuts Holdings in Lockheed Martin Corporation $LMT

Atria Investments Inc reduced its position in Lockheed Martin Corporation (NYSE:LMT) by 1.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,434 shares of the aerospace company’s stock after selling 199 shares during the quarter. Atria Investments Inc’s holdings in Lockheed Martin were worth $7,148,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Mid American Wealth Advisory Group Inc. purchased a new position in Lockheed Martin in the second quarter valued at about $28,000. TruNorth Capital Management LLC purchased a new position in Lockheed Martin in the first quarter valued at about $31,000. Frazier Financial Advisors LLC purchased a new position in Lockheed Martin in the second quarter valued at about $34,000. GFG Capital LLC purchased a new position in Lockheed Martin in the second quarter valued at about $43,000. Finally, Bernard Wealth Management Corp. raised its position in Lockheed Martin by 251.9% in the second quarter. Bernard Wealth Management Corp. now owns 95 shares of the aerospace company’s stock valued at $44,000 after purchasing an additional 68 shares during the period. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on LMT. Alembic Global Advisors raised Lockheed Martin from a “neutral” rating to an “overweight” rating in a research report on Thursday, August 28th. Sanford C. Bernstein raised their price objective on Lockheed Martin from $497.00 to $545.00 and gave the company a “market perform” rating in a research report on Monday, October 20th. Truist Financial raised their price objective on Lockheed Martin from $440.00 to $500.00 and gave the company a “hold” rating in a research report on Wednesday, October 15th. Wall Street Zen raised Lockheed Martin from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. Finally, Bank of America dropped their target price on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating on the stock in a research report on Thursday, August 21st. One research 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.com, the company currently has a consensus rating of “Hold” and an average target price of $513.47.

Insider Buying and Selling

In related news, COO John Frank A. St sold 7,792 shares of Lockheed Martin stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $491.04, for a total value of $3,826,183.68. Following the completion of the transaction, the chief operating officer directly owned 1 shares in the company, valued at approximately $491.04. This trade represents a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.14% of the company’s stock.

Lockheed Martin Stock Up 0.5%

Shares of NYSE LMT opened at $492.04 on Friday. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $576.43. The firm has a market cap of $113.86 billion, a price-to-earnings ratio of 27.47, a PEG ratio of 1.69 and a beta of 0.28. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.97 and a current ratio of 1.13. The stock’s 50-day simple moving average is $481.90 and its 200-day simple moving average is $467.23.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, topping analysts’ consensus estimates of $6.33 by $0.62. The business had revenue of $18.61 billion during the quarter, compared to the consensus estimate of $18.45 billion. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period last year, the firm earned $6.84 earnings per share. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. As a group, equities analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be paid a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a yield of 2.8%. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. The ex-dividend date is Monday, December 1st. Lockheed Martin’s payout ratio is 77.05%.

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.