CreativeOne Wealth LLC Sells 3,836 Shares of Lockheed Martin Corporation $LMT

Key Points

• CreativeOne Wealth LLC reduced its holdings in Lockheed Martin Corporation by 44.0%, bringing its total stake down to $2.18 million after selling nearly 4,000 shares in the first quarter.
• Lockheed Martin reported $7.29 EPS for the latest quarter, exceeding estimates but missing revenue expectations; the company maintains a guidance of 21.700-22.000 EPS for FY 2025.
• Recent analyst actions show a trend of lowered price targets for Lockheed Martin, with the current consensus rating being "Hold" and a target price of $506.35.

CreativeOne Wealth LLC cut its holdings in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 44.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,887 shares of the aerospace company's stock after selling 3,836 shares during the quarter. CreativeOne Wealth LLC's holdings in Lockheed Martin were worth $2,183,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. OMNI 360 Wealth Inc. grew its holdings in Lockheed Martin by 2.5% in the 1st quarter. OMNI 360 Wealth Inc. now owns 913 shares of the aerospace company's stock valued at $408,000 after buying an additional 22 shares in the last quarter. 49 Wealth Management LLC grew its holdings in Lockheed Martin by 3.4% in the 1st quarter. 49 Wealth Management LLC now owns 661 shares of the aerospace company's stock valued at $295,000 after buying an additional 22 shares in the last quarter. Tyler Stone Wealth Management grew its holdings in Lockheed Martin by 3.3% in the 1st quarter. Tyler Stone Wealth Management now owns 684 shares of the aerospace company's stock valued at $306,000 after buying an additional 22 shares in the last quarter. Tealwood Asset Management Inc. grew its holdings in Lockheed Martin by 0.4% in the 1st quarter. Tealwood Asset Management Inc. now owns 5,728 shares of the aerospace company's stock valued at $2,559,000 after buying an additional 23 shares in the last quarter. Finally, Southland Equity Partners LLC grew its holdings in Lockheed Martin by 3.1% in the 1st quarter. Southland Equity Partners LLC now owns 766 shares of the aerospace company's stock valued at $342,000 after buying an additional 23 shares in the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Price Performance

Shares of LMT traded down $4.28 during trading hours on Wednesday, hitting $448.22. 479,842 shares of the company were exchanged, compared to its average volume of 1,656,231. The company has a market cap of $104.64 billion, a price-to-earnings ratio of 25.25, a P/E/G ratio of 1.60 and a beta of 0.26. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $618.95. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47. The firm's fifty day moving average is $446.49 and its 200 day moving average is $456.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its earnings results 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 return on equity of 107.60% and a net margin of 5.85%.The company had revenue of $18.16 billion for the quarter, compared to analyst estimates of $18.59 billion. During the same period in the prior year, the firm posted $7.11 EPS. Lockheed Martin's quarterly revenue was up .2% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. On average, equities analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The firm 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 dividend yield of 2.9%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio is currently 74.32%.

Analyst Ratings Changes

A number of research analysts have commented on the company. UBS Group decreased their price objective on Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating on the stock in a report on Wednesday, July 23rd. Alembic Global Advisors raised Lockheed Martin from a "neutral" rating to an "overweight" rating in a report on Thursday, August 28th. Sanford C. Bernstein set a $551.00 price objective on Lockheed Martin and gave the company a "market perform" rating in a report on Monday, July 14th. Royal Bank Of Canada cut their target price on Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating for the company in a research report on Wednesday, July 23rd. Finally, Susquehanna reduced their target price on Lockheed Martin from $550.00 to $490.00 and set a "positive" rating on the stock in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fourteen have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $494.00.

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.