Lockheed Martin Corporation $LMT Stock Position Lessened by Goldstein Advisors LLC

Goldstein Advisors LLC decreased its holdings in Lockheed Martin Corporation (NYSE:LMT) by 53.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 444 shares of the aerospace company’s stock after selling 517 shares during the quarter. Goldstein Advisors LLC’s holdings in Lockheed Martin were worth $206,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of LMT. 49 Wealth Management LLC lifted its holdings in shares of Lockheed Martin by 3.4% in the first quarter. 49 Wealth Management LLC now owns 661 shares of the aerospace company’s stock valued at $295,000 after buying an additional 22 shares during the period. OMNI 360 Wealth Inc. lifted its holdings in shares of Lockheed Martin by 2.5% in the first quarter. OMNI 360 Wealth Inc. now owns 913 shares of the aerospace company’s stock valued at $408,000 after buying an additional 22 shares during the period. Tyler Stone Wealth Management lifted its holdings in shares of Lockheed Martin by 3.3% in the first quarter. Tyler Stone Wealth Management now owns 684 shares of the aerospace company’s stock valued at $306,000 after buying an additional 22 shares during the period. Investment Advisory Services Inc. TX ADV lifted its holdings in shares of Lockheed Martin by 4.7% in the second quarter. Investment Advisory Services Inc. TX ADV now owns 486 shares of the aerospace company’s stock valued at $225,000 after buying an additional 22 shares during the period. Finally, Broadway Wealth Solutions Inc. lifted its holdings in shares of Lockheed Martin by 4.5% in the second quarter. Broadway Wealth Solutions Inc. now owns 511 shares of the aerospace company’s stock valued at $237,000 after buying an additional 22 shares during the period. Institutional investors own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Morgan Stanley upped their price objective on Lockheed Martin from $530.00 to $630.00 and gave the company an “overweight” rating in a report on Wednesday. Robert W. Baird upped their price objective on Lockheed Martin from $500.00 to $550.00 and gave the company an “outperform” rating in a report on Monday, October 6th. Deutsche Bank Aktiengesellschaft set a $519.00 price objective on Lockheed Martin and gave the company a “hold” rating in a report on Wednesday, October 8th. Cowen downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a report on Thursday, July 10th. Finally, Wall Street Zen downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Lockheed Martin presently has an average rating of “Hold” and a consensus price target of $510.29.

Lockheed Martin Trading Up 0.4%

Shares of NYSE LMT opened at $495.24 on Monday. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $618.95. The company has a market cap of $115.62 billion, a price-to-earnings ratio of 27.89, a P/E/G ratio of 1.74 and a beta of 0.28. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47. The business has a fifty day simple moving average of $471.93 and a 200-day simple moving average of $464.85.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, beating the consensus estimate of $6.57 by $0.72. The business had revenue of $18.16 billion during the quarter, compared to the consensus estimate of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.Lockheed Martin’s revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the business posted $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Sell-side analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Increases Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Monday, December 1st. This represents a $13.80 annualized dividend and a yield of 2.8%. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s dividend payout ratio (DPR) is currently 74.32%.

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.