Wilmington Savings Fund Society FSB Trims Stock Position in Lockheed Martin Corporation $LMT

Wilmington Savings Fund Society FSB lessened its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 0.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,175 shares of the aerospace company’s stock after selling 29 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Lockheed Martin were worth $2,860,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. TruNorth Capital Management LLC purchased a new stake in Lockheed Martin in the first quarter valued at approximately $31,000. EQ Wealth Advisors LLC purchased a new stake in Lockheed Martin in the first quarter valued at approximately $43,000. GFG Capital LLC purchased a new stake in Lockheed Martin in the second quarter valued at approximately $43,000. Bernard Wealth Management Corp. raised its position in Lockheed Martin by 251.9% in the second quarter. Bernard Wealth Management Corp. now owns 95 shares of the aerospace company’s stock valued at $44,000 after purchasing an additional 68 shares during the period. Finally, Ritter Daniher Financial Advisory LLC DE purchased a new stake in Lockheed Martin in the first quarter valued at approximately $45,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LMT. Royal Bank Of Canada boosted their target price on Lockheed Martin from $440.00 to $525.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 7th. Sanford C. Bernstein set a $551.00 price objective on Lockheed Martin and gave the stock a “market perform” rating in a research report on Monday, July 14th. Deutsche Bank Aktiengesellschaft set a $519.00 price objective on Lockheed Martin and gave the stock a “hold” rating in a research report on Wednesday, October 8th. Susquehanna upped their price objective on Lockheed Martin from $490.00 to $590.00 and gave the stock a “positive” rating in a research report on Thursday, October 9th. Finally, 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 research report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $503.53.

Lockheed Martin Stock Performance

NYSE:LMT opened at $504.77 on Wednesday. The firm has a market capitalization of $117.84 billion, a PE ratio of 28.42, a price-to-earnings-growth ratio of 1.77 and a beta of 0.28. The business’s fifty day moving average price is $468.02 and its 200 day moving average price is $463.81. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $618.95.

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

Lockheed Martin Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be issued a $3.45 dividend. This represents a $13.80 annualized dividend and a yield of 2.7%. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. The ex-dividend date of this dividend is Monday, December 1st. Lockheed Martin’s dividend payout ratio is currently 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.