Commonwealth Equity Services LLC Trims Stock Holdings in Lockheed Martin Corporation $LMT

Commonwealth Equity Services LLC trimmed its holdings in Lockheed Martin Corporation (NYSE:LMT) by 7.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 244,651 shares of the aerospace company’s stock after selling 20,223 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Lockheed Martin were worth $113,308,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Mid American Wealth Advisory Group Inc. bought a new stake in shares of Lockheed Martin in the 2nd quarter worth approximately $28,000. TruNorth Capital Management LLC bought a new stake in Lockheed Martin in the first quarter worth $31,000. Frazier Financial Advisors LLC purchased a new stake in shares of Lockheed Martin in the second quarter worth $34,000. GFG Capital LLC purchased a new stake in shares of Lockheed Martin in the second quarter worth $43,000. Finally, Bernard Wealth Management Corp. increased its holdings in shares of Lockheed Martin by 251.9% during the second quarter. Bernard Wealth Management Corp. now owns 95 shares of the aerospace company’s stock valued at $44,000 after acquiring an additional 68 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Lockheed Martin news, COO John Frank A. St sold 7,792 shares of Lockheed Martin stock in a transaction that occurred on 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 sale, the chief operating officer owned 1 shares of the company’s stock, valued at $491.04. The trade was a 99.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.14% of the stock is owned by corporate insiders.

Lockheed Martin Trading Down 0.8%

LMT stock opened at $469.15 on Friday. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.13 and a quick ratio of 0.97. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $576.43. The business has a 50 day simple moving average of $483.93 and a two-hundred day simple moving average of $467.51. The company has a market capitalization of $108.56 billion, a price-to-earnings ratio of 26.19, a PEG ratio of 1.69 and a beta of 0.25.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.33 by $0.62. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The firm had revenue of $18.61 billion for the quarter, compared to analysts’ expectations of $18.45 billion. During the same quarter last year, the business posted $6.84 earnings per share. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. Research analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS 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 dividend of $3.45 per share. The ex-dividend date of this dividend is Monday, December 1st. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. This represents a $13.80 dividend on an annualized basis and a yield of 2.9%. Lockheed Martin’s dividend payout ratio is currently 77.05%.

Analyst Ratings Changes

Several research analysts have recently issued reports on LMT shares. UBS Group dropped their target price on shares of Lockheed Martin from $514.00 to $513.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 22nd. The Goldman Sachs Group upped their price objective on Lockheed Martin from $398.00 to $425.00 and gave the company a “sell” rating in a research report on Friday, October 10th. Royal Bank Of Canada lifted their target price on Lockheed Martin from $440.00 to $525.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 7th. Alembic Global Advisors raised Lockheed Martin from a “neutral” rating to an “overweight” rating in a research report on Thursday, August 28th. Finally, JPMorgan Chase & Co. decreased their target price on Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating for the company in a research report 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 assigned a Sell rating to the stock. According to data from MarketBeat, Lockheed Martin has an average rating of “Hold” and a consensus target price of $513.47.

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.