Cahill Financial Advisors Inc. Trims Stock Holdings in Lockheed Martin Corporation $LMT

Cahill Financial Advisors Inc. decreased its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 4.1% during the second quarter, HoldingsChannel reports. The fund owned 2,617 shares of the aerospace company’s stock after selling 112 shares during the quarter. Cahill Financial Advisors Inc.’s holdings in Lockheed Martin were worth $1,212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in LMT. Allworth Financial LP raised its stake in shares of Lockheed Martin by 38.6% during the 2nd quarter. Allworth Financial LP now owns 23,626 shares of the aerospace company’s stock valued at $10,942,000 after purchasing an additional 6,585 shares during the period. Americana Partners LLC grew its holdings in Lockheed Martin by 1.2% during the 2nd quarter. Americana Partners LLC now owns 30,264 shares of the aerospace company’s stock valued at $14,017,000 after buying an additional 367 shares in the last quarter. ProShare Advisors LLC increased its position in shares of Lockheed Martin by 12.7% during the second quarter. ProShare Advisors LLC now owns 35,805 shares of the aerospace company’s stock valued at $16,583,000 after buying an additional 4,030 shares during the period. Profund Advisors LLC increased its position in shares of Lockheed Martin by 10.4% during the second quarter. Profund Advisors LLC now owns 2,341 shares of the aerospace company’s stock valued at $1,084,000 after buying an additional 220 shares during the period. Finally, PFG Advisors lifted its holdings in shares of Lockheed Martin by 20.9% in the second quarter. PFG Advisors now owns 5,476 shares of the aerospace company’s stock worth $2,536,000 after buying an additional 947 shares in the last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Price Performance

LMT opened at $457.93 on Monday. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 3.32. The stock has a market capitalization of $105.96 billion, a P/E ratio of 25.57, a PEG ratio of 1.69 and a beta of 0.25. The stock has a 50-day moving average price of $483.98 and a 200-day moving average price of $467.58. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $576.43.

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

Lockheed Martin Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st will be issued a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Monday, December 1st. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s dividend payout ratio (DPR) is presently 77.05%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on LMT shares. Bank of America reduced their price objective on shares of Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a research note on Thursday, August 21st. Weiss Ratings restated a “hold (c)” rating on shares of Lockheed Martin in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft set a $519.00 price objective on Lockheed Martin and gave the stock a “hold” rating in a research report on Wednesday, October 8th. Vertical Research reissued a “hold” rating and set a $460.00 price objective on shares of Lockheed Martin in a research note on Tuesday, July 22nd. Finally, Robert W. Baird upped their target price on Lockheed Martin from $500.00 to $550.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. One equities 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $513.47.

Insider Buying and Selling at Lockheed Martin

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

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.