Good Life Advisors LLC Cuts Position in Lockheed Martin Corporation $LMT

Good Life Advisors LLC trimmed its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 9.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,637 shares of the aerospace company’s stock after selling 162 shares during the period. Good Life Advisors LLC’s holdings in Lockheed Martin were worth $758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several 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 about $28,000. Frazier Financial Advisors LLC purchased a new stake in Lockheed Martin during the second quarter valued at approximately $34,000. GFG Capital LLC purchased a new position in shares of Lockheed Martin in the 2nd quarter worth approximately $43,000. Bernard Wealth Management Corp. increased its position in shares of Lockheed Martin by 251.9% during the 2nd quarter. Bernard Wealth Management Corp. now owns 95 shares of the aerospace company’s stock valued at $44,000 after purchasing an additional 68 shares during the last quarter. Finally, Ritter Daniher Financial Advisory LLC DE purchased a new stake in Lockheed Martin during the 1st quarter valued at $45,000. Institutional investors own 74.19% of the company’s stock.

Insider Activity

In other news, COO John Frank A. St sold 7,792 shares of the business’s stock in a transaction 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 completion of the transaction, the chief operating officer directly owned 1 shares of the company’s stock, valued at approximately $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 accessible through this link. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on LMT shares. Truist Financial lifted their price objective on shares of Lockheed Martin from $440.00 to $500.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th. Vertical Research reiterated a “hold” rating and set a $460.00 price target on shares of Lockheed Martin in a report on Tuesday, July 22nd. JPMorgan Chase & Co. decreased their price objective on shares of Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating for the company in a research note on Wednesday, July 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lockheed Martin in a research note on Wednesday, October 8th. Finally, Robert W. Baird raised their price target 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 given a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $513.47.

Lockheed Martin Trading Down 0.3%

Shares of NYSE LMT opened at $455.76 on Friday. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $561.35. The business has a fifty day simple moving average of $484.17 and a two-hundred day simple moving average of $467.18. The firm has a market cap of $105.46 billion, a PE ratio of 25.45, a price-to-earnings-growth ratio of 1.69 and a beta of 0.25. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 3.32.

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

Lockheed Martin Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be given a dividend of $3.45 per share. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. The ex-dividend date of this dividend is Monday, December 1st. This represents a $13.80 annualized dividend and a yield of 3.0%. Lockheed Martin’s payout ratio is 77.05%.

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.