Ballast Advisors LLC Sells 46 Shares of Lockheed Martin Corporation $LMT

Ballast Advisors LLC lowered its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 5.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 864 shares of the aerospace company’s stock after selling 46 shares during the quarter. Ballast Advisors LLC’s holdings in Lockheed Martin were worth $400,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Mid American Wealth Advisory Group Inc. bought a new position in Lockheed Martin in the 2nd quarter valued at $28,000. TruNorth Capital Management LLC purchased a new stake in Lockheed Martin in the first quarter worth $31,000. Frazier Financial Advisors LLC purchased a new stake in Lockheed Martin in the second quarter worth $34,000. GFG Capital LLC purchased a new stake in Lockheed Martin in the second quarter worth $43,000. Finally, Bernard Wealth Management Corp. increased its stake in Lockheed Martin by 251.9% in the second quarter. Bernard Wealth Management Corp. now owns 95 shares of the aerospace company’s stock worth $44,000 after purchasing an additional 68 shares during the period. Institutional investors own 74.19% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. UBS Group reduced their target price on Lockheed Martin from $514.00 to $513.00 and set a “neutral” rating on the stock in a research note on Wednesday. The Goldman Sachs Group increased their target price on Lockheed Martin from $398.00 to $425.00 and gave the stock a “sell” rating in a research note on Friday, October 10th. Morgan Stanley increased their target price on Lockheed Martin from $530.00 to $630.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. JPMorgan Chase & Co. reduced their target price on Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft set a $519.00 target price on Lockheed Martin and gave the stock a “hold” rating in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $513.47.

Lockheed Martin Price Performance

LMT opened at $485.59 on Friday. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $576.43. The company has a current ratio of 1.13, a quick ratio of 0.83 and a debt-to-equity ratio of 3.32. The business’s fifty day simple moving average is $477.51 and its 200-day simple moving average is $466.54. The company has a market capitalization of $112.37 billion, a price-to-earnings ratio of 27.11, a PEG ratio of 1.60 and a beta of 0.28.

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

Lockheed Martin Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be given a dividend of $3.45 per share. The ex-dividend date of this dividend is Monday, December 1st. This is an increase 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 is 73.70%.

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.