Leelyn Smith LLC Sells 90 Shares of Lockheed Martin Corporation $LMT

Leelyn Smith LLC trimmed its holdings in Lockheed Martin Corporation (NYSE:LMT) by 1.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,804 shares of the aerospace company’s stock after selling 90 shares during the quarter. Leelyn Smith LLC’s holdings in Lockheed Martin were worth $2,688,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LMT. Mid American Wealth Advisory Group Inc. bought a new position in Lockheed Martin in the 2nd quarter worth approximately $28,000. TruNorth Capital Management LLC purchased a new stake in shares of Lockheed Martin during the 1st quarter worth approximately $31,000. Frazier Financial Advisors LLC purchased a new stake in shares of Lockheed Martin during the 2nd quarter worth approximately $34,000. GFG Capital LLC purchased a new stake in shares of Lockheed Martin during the 2nd quarter worth approximately $43,000. Finally, Bernard Wealth Management Corp. raised its holdings 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 worth $44,000 after acquiring an additional 68 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

LMT has been the topic of several recent research reports. Susquehanna upped their price objective on Lockheed Martin from $490.00 to $590.00 and gave the stock a “positive” rating in a report on Thursday, October 9th. Deutsche Bank Aktiengesellschaft set a $519.00 price objective on Lockheed Martin and gave the stock a “hold” rating in a report on Wednesday, October 8th. Sanford C. Bernstein upped their price objective on Lockheed Martin from $497.00 to $545.00 and gave the stock a “market perform” rating in a report on Monday. Alembic Global Advisors raised Lockheed Martin from a “neutral” rating to an “overweight” rating in a report on Thursday, August 28th. Finally, Robert W. Baird increased their price target on Lockheed Martin from $500.00 to $550.00 and gave the company an “outperform” rating in a report 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. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $513.47.

Lockheed Martin Stock Performance

LMT stock opened at $485.59 on Friday. The company has a quick ratio of 0.83, a current ratio of 1.13 and a debt-to-equity ratio of 3.32. The business’s fifty day simple moving average is $477.51 and its two-hundred day simple moving average is $466.37. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $576.43. The firm has a market cap of $112.37 billion, a price-to-earnings ratio of 27.11, a PEG ratio of 1.61 and a beta of 0.28.

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

Lockheed Martin Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st will be paid a dividend of $3.45 per share. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.30. This represents a $13.80 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Monday, December 1st. Lockheed Martin’s payout ratio is 77.05%.

Lockheed Martin Company 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.