Flavin Financial Services Inc. Sells 307 Shares of Lockheed Martin Corporation $LMT

Flavin Financial Services Inc. trimmed its stake in Lockheed Martin Corporation (NYSE:LMT) by 6.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,312 shares of the aerospace company’s stock after selling 307 shares during the quarter. Lockheed Martin accounts for 1.9% of Flavin Financial Services Inc.’s portfolio, making the stock its 20th biggest holding. Flavin Financial Services Inc.’s holdings in Lockheed Martin were worth $1,997,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its holdings in Lockheed Martin by 7.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 8,031,528 shares of the aerospace company’s stock worth $3,587,444,000 after acquiring an additional 560,457 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Lockheed Martin by 1.4% during the first quarter. Royal Bank of Canada now owns 2,287,495 shares of the aerospace company’s stock valued at $1,021,846,000 after purchasing an additional 31,443 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Lockheed Martin by 0.6% during the first quarter. Invesco Ltd. now owns 2,144,827 shares of the aerospace company’s stock valued at $958,116,000 after purchasing an additional 12,899 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Lockheed Martin by 1.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,299,092 shares of the aerospace company’s stock valued at $580,317,000 after purchasing an additional 24,512 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Lockheed Martin by 4.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,161,687 shares of the aerospace company’s stock valued at $518,937,000 after purchasing an additional 51,522 shares in the last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Trading Up 0.4%

Shares of Lockheed Martin stock opened at $495.24 on Friday. The company’s fifty day simple moving average is $471.93 and its 200-day simple moving average is $464.78. The stock has a market capitalization of $115.62 billion, a PE ratio of 27.89, a P/E/G ratio of 1.74 and a beta of 0.28. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $618.95. 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) last issued its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, topping the consensus estimate 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 company’s revenue was up .2% compared to the same quarter last year. During the same quarter last year, the company posted $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, equities analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be given a $3.45 dividend. The ex-dividend date is Monday, December 1st. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. This represents a $13.80 dividend on an annualized basis and a yield of 2.8%. Lockheed Martin’s dividend payout ratio (DPR) is currently 77.70%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on LMT shares. Cowen downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a report on Thursday, July 10th. Wall Street Zen downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Deutsche Bank Aktiengesellschaft set a $519.00 price target on Lockheed Martin and gave the company a “hold” rating in a report on Wednesday, October 8th. The Goldman Sachs Group upped their price target on Lockheed Martin from $398.00 to $425.00 and gave the company a “sell” rating in a report on Friday, October 10th. Finally, Morgan Stanley upped their price objective on Lockheed Martin from $530.00 to $630.00 and gave the company an “overweight” rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $510.29.

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.