DRW Securities LLC Sells 1,037 Shares of Lockheed Martin Corporation $LMT

DRW Securities LLC decreased its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 56.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 808 shares of the aerospace company's stock after selling 1,037 shares during the quarter. DRW Securities LLC's holdings in Lockheed Martin were worth $361,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Centric Wealth Management grew its stake in shares of Lockheed Martin by 58.2% during the 1st quarter. Centric Wealth Management now owns 4,813 shares of the aerospace company's stock valued at $2,150,000 after purchasing an additional 1,770 shares during the period. Pinnacle Wealth Planning Services Inc. boosted its stake in Lockheed Martin by 3.3% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 882 shares of the aerospace company's stock worth $394,000 after purchasing an additional 28 shares during the period. Vident Advisory LLC boosted its stake in Lockheed Martin by 70.8% in the 1st quarter. Vident Advisory LLC now owns 12,727 shares of the aerospace company's stock worth $5,686,000 after purchasing an additional 5,277 shares during the period. Kodai Capital Management LP bought a new position in Lockheed Martin in the 1st quarter worth approximately $12,225,000. Finally, Evergreen Capital Management LLC boosted its position in shares of Lockheed Martin by 91.0% during the 1st quarter. Evergreen Capital Management LLC now owns 21,230 shares of the aerospace company's stock valued at $9,483,000 after acquiring an additional 10,115 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on LMT. Susquehanna lowered their target price on Lockheed Martin from $550.00 to $490.00 and set a "positive" rating for the company in a research report on Wednesday, July 23rd. Wall Street Zen downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Truist Financial downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating and cut their price target for the stock from $554.00 to $440.00 in a report on Wednesday, July 23rd. Bank of America decreased their price target on Lockheed Martin from $495.00 to $480.00 and set a "neutral" rating for the company in a report on Thursday, August 21st. Finally, Vertical Research reissued a "hold" rating and issued a $460.00 price target on shares of Lockheed Martin in a report on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fourteen have assigned a Hold rating to the stock. Based on data from MarketBeat, Lockheed Martin has a consensus rating of "Hold" and a consensus price target of $506.35.

Lockheed Martin Stock Down 0.1%

Shares of LMT opened at $455.58 on Tuesday. The firm has a market cap of $106.36 billion, a P/E ratio of 25.65, a price-to-earnings-growth ratio of 1.60 and a beta of 0.26. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $618.95. The company's 50-day moving average price is $446.65 and its 200 day moving average price is $456.99. 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 - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $18.59 billion. During the same period in the previous year, the firm earned $7.11 EPS. Lockheed Martin's 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, sell-side analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The company also recently announced 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. This represents a $13.20 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio (DPR) is 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.

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