OMC Financial Services LTD Sells 120 Shares of Lockheed Martin Corporation $LMT

OMC Financial Services LTD cut its holdings in Lockheed Martin Corporation (NYSE:LMTFree Report) by 1.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 6,275 shares of the aerospace company’s stock after selling 120 shares during the period. Lockheed Martin comprises approximately 1.2% of OMC Financial Services LTD’s portfolio, making the stock its 24th largest holding. OMC Financial Services LTD’s holdings in Lockheed Martin were worth $2,906,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Private Capital Advisors Inc. increased its holdings in shares of Lockheed Martin by 0.5% in the second quarter. Private Capital Advisors Inc. now owns 19,983 shares of the aerospace company’s stock worth $9,255,000 after buying an additional 100 shares during the period. Retirement Planning Group LLC boosted its holdings in Lockheed Martin by 54.7% during the 2nd quarter. Retirement Planning Group LLC now owns 1,770 shares of the aerospace company’s stock valued at $820,000 after acquiring an additional 626 shares during the period. D.A. Davidson & CO. grew its position in Lockheed Martin by 4.3% during the 2nd quarter. D.A. Davidson & CO. now owns 31,234 shares of the aerospace company’s stock worth $14,466,000 after acquiring an additional 1,292 shares during the last quarter. Cullen Frost Bankers Inc. increased its stake in Lockheed Martin by 1.3% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 31,209 shares of the aerospace company’s stock worth $14,454,000 after purchasing an additional 393 shares during the period. Finally, Smith Thornton Advisors LLC lifted its position in Lockheed Martin by 5.5% in the second quarter. Smith Thornton Advisors LLC now owns 883 shares of the aerospace company’s stock valued at $409,000 after purchasing an additional 46 shares during the last quarter. 74.19% of the stock is owned by institutional investors.

Analyst Ratings Changes

LMT has been the topic of several recent analyst reports. Sanford C. Bernstein raised their target price on shares of Lockheed Martin from $497.00 to $545.00 and gave the stock a “market perform” rating in a report on Monday. TD Cowen reaffirmed a “hold” rating and issued a $480.00 target price (down from $500.00) on shares of Lockheed Martin in a research note on Thursday, July 10th. Royal Bank Of Canada boosted their price objective on shares of Lockheed Martin from $440.00 to $525.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 7th. Cowen downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Thursday, July 10th. Finally, Susquehanna boosted their price objective on shares of Lockheed Martin from $490.00 to $590.00 and gave the company a “positive” rating in a research report on Thursday, October 9th. One equities research 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.com, the company presently has a consensus rating of “Hold” and a consensus target price of $515.35.

Read Our Latest Research Report on LMT

Lockheed Martin Stock Down 3.3%

NYSE:LMT opened at $489.09 on Wednesday. The firm’s 50-day moving average price is $474.67 and its 200-day moving average price is $465.52. The company has a market capitalization of $114.19 billion, a PE ratio of 27.54, a P/E/G ratio of 1.78 and a beta of 0.28. 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 Corporation has a 1-year low of $410.11 and a 1-year high of $608.34.

Lockheed Martin (NYSE:LMTGet Free Report) last released its earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share for the quarter, topping analysts’ consensus estimates of $6.33 by $0.62. The firm had revenue of $18.61 billion for the quarter, compared to the consensus estimate of $18.45 billion. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The company’s revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.84 EPS. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. On average, equities analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st will be given a $3.45 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.8%. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s payout ratio is currently 77.70%.

About Lockheed Martin

(Free Report)

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.

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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