Schmidt P J Investment Management Inc. Decreases Holdings in Lockheed Martin Corporation $LMT

Schmidt P J Investment Management Inc. trimmed its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 7.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,337 shares of the aerospace company’s stock after selling 283 shares during the period. Schmidt P J Investment Management Inc.’s holdings in Lockheed Martin were worth $1,491,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LMT. TruNorth Capital Management LLC purchased a new position in Lockheed Martin during the first quarter valued at $31,000. Heck Capital Advisors LLC purchased a new position in Lockheed Martin during the fourth quarter valued at $35,000. EQ Wealth Advisors LLC purchased a new position in Lockheed Martin during the first quarter valued at $43,000. Ritter Daniher Financial Advisory LLC DE purchased a new position in Lockheed Martin during the first quarter valued at $45,000. Finally, McIlrath & Eck LLC lifted its stake in shares of Lockheed Martin by 161.0% in the first quarter. McIlrath & Eck LLC now owns 107 shares of the aerospace company’s stock worth $48,000 after buying an additional 66 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on LMT shares. Cowen downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Thursday, July 10th. Bank of America decreased their price target on shares of Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating on the stock in a research note on Thursday, August 21st. Wall Street Zen downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Alembic Global Advisors raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a research note on Thursday, August 28th. Finally, Royal Bank Of Canada decreased 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. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $494.00.

Lockheed Martin Price Performance

Lockheed Martin stock opened at $457.18 on Wednesday. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $618.95. The stock has a market cap of $106.73 billion, a P/E ratio of 25.74, a PEG ratio of 1.61 and a beta of 0.26. The company has a 50-day moving average price of $446.08 and a 200 day moving average price of $457.80. 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 (NYSE:LMT) last released its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.57 by $0.72. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The firm had revenue of $18.16 billion during the quarter, compared to analysts’ expectations of $18.59 billion. During the same period last year, the business earned $7.11 earnings per share. Lockheed Martin’s revenue was up .2% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Sell-side analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current 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 given a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a yield of 2.9%. The ex-dividend date is Tuesday, September 2nd. 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.