Freedom Investment Management Inc. Has $337,000 Holdings in Lockheed Martin Corporation $LMT

Freedom Investment Management Inc. reduced its holdings in Lockheed Martin Corporation (NYSE:LMT) by 20.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 754 shares of the aerospace company’s stock after selling 195 shares during the quarter. Freedom Investment Management Inc.’s holdings in Lockheed Martin were worth $337,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of LMT. TruNorth Capital Management LLC acquired a new position in shares of Lockheed Martin in the 1st quarter worth approximately $31,000. Heck Capital Advisors LLC acquired a new position in shares of Lockheed Martin in the 4th quarter worth approximately $35,000. Banque Transatlantique SA acquired a new position in shares of Lockheed Martin in the 4th quarter worth approximately $43,000. EQ Wealth Advisors LLC acquired a new position in shares of Lockheed Martin in the 1st quarter worth approximately $43,000. Finally, Ritter Daniher Financial Advisory LLC DE acquired a new position in Lockheed Martin during the 1st quarter worth $45,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have issued reports on LMT. TD Cowen reaffirmed a “hold” rating and set a $480.00 price objective (down previously from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. Vertical Research reaffirmed a “hold” rating and set a $460.00 price objective on shares of Lockheed Martin in a report on Tuesday, July 22nd. Susquehanna reduced their price objective on Lockheed Martin from $550.00 to $490.00 and set a “positive” rating on the stock in a report on Wednesday, July 23rd. Wall Street Zen downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Finally, Royal Bank Of Canada reduced their price objective on Lockheed Martin from $480.00 to $440.00 and set a “sector perform” rating on the stock in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and fourteen have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $506.35.

Lockheed Martin Price Performance

LMT stock opened at $454.28 on Thursday. The stock has a 50-day moving average price of $447.52 and a two-hundred day moving average price of $456.40. The stock has a market cap of $106.06 billion, a PE ratio of 25.58, a price-to-earnings-growth ratio of 1.60 and a beta of 0.27. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $618.95.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.57 by $0.72. The firm had revenue of $18.16 billion during the quarter, compared to analysts’ expectations of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The company’s revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Equities analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin’s dividend payout ratio is 74.32%.

About Lockheed Martin

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.