Gerber Kawasaki Wealth & Investment Management Sells 490 Shares of Lockheed Martin Corporation $LMT

Gerber Kawasaki Wealth & Investment Management lessened its holdings in Lockheed Martin Corporation (NYSE:LMT) by 14.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,015 shares of the aerospace company’s stock after selling 490 shares during the quarter. Gerber Kawasaki Wealth & Investment Management’s holdings in Lockheed Martin were worth $1,347,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. TruNorth Capital Management LLC bought a new stake in shares of Lockheed Martin in the 1st quarter valued at about $31,000. Heck Capital Advisors LLC bought a new stake in shares of Lockheed Martin in the 4th quarter valued at about $35,000. Banque Transatlantique SA bought a new stake in shares of Lockheed Martin in the 4th quarter valued at about $43,000. EQ Wealth Advisors LLC bought a new stake in shares of Lockheed Martin in the 1st quarter valued at about $43,000. Finally, Ritter Daniher Financial Advisory LLC DE bought a new stake in shares of Lockheed Martin in the 1st quarter valued at about $45,000. 74.19% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Wall Street Zen cut Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. TD Cowen reiterated a “hold” rating and issued a $480.00 price objective (down from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. UBS Group lowered their target price on Lockheed Martin from $498.00 to $453.00 and set a “neutral” rating for the company in a research note on Wednesday, July 23rd. Royal Bank Of Canada cut their price target on shares of Lockheed Martin from $480.00 to $440.00 and set a “sector perform” rating on the stock in a research note on Wednesday, July 23rd. Finally, Cowen lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fourteen have given a Hold rating to the company. According to data from MarketBeat.com, Lockheed Martin presently has an average rating of “Hold” and an average target price of $506.35.

Lockheed Martin Stock Up 0.4%

NYSE:LMT opened at $456.28 on Friday. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98. The company has a market cap of $106.52 billion, a PE ratio of 25.69, a PEG ratio of 1.60 and a beta of 0.27. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $618.95. The stock has a 50-day simple moving average of $447.28 and a 200 day simple moving average of $456.46.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data 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 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 quarterly revenue was up .2% on a year-over-year basis. During the same period last year, the company earned $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. On average, sell-side analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

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