GSB Wealth Management LLC Decreases Holdings in Lockheed Martin Corporation $LMT

Key Points

• GSB Wealth Management LLC has reduced its holdings in Lockheed Martin Corporation by 12.1%, now owning 5,555 shares valued at approximately $2.57 million.
• Lockheed Martin reported $7.29 earnings per share for the last quarter, surpassing estimates, and set FY 2025 guidance at $21.70-$22.00 EPS.
• The company declared a quarterly dividend of $3.30 per share, with an annual yield of 2.7%, to be paid on September 26th.

GSB Wealth Management LLC decreased its position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 12.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,555 shares of the aerospace company's stock after selling 768 shares during the period. GSB Wealth Management LLC's holdings in Lockheed Martin were worth $2,573,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. TruNorth Capital Management LLC acquired a new position in Lockheed Martin during the 1st quarter valued at approximately $31,000. Heck Capital Advisors LLC acquired a new position in Lockheed Martin during the 4th quarter valued at approximately $35,000. EQ Wealth Advisors LLC acquired a new position in Lockheed Martin during the 1st quarter valued at approximately $43,000. Ritter Daniher Financial Advisory LLC DE acquired a new position in Lockheed Martin during the 1st quarter valued at approximately $45,000. Finally, McIlrath & Eck LLC increased its stake in Lockheed Martin by 161.0% during the 1st quarter. McIlrath & Eck LLC now owns 107 shares of the aerospace company's stock valued at $48,000 after purchasing an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company's stock.

Lockheed Martin Stock Performance

LMT opened at $480.50 on Tuesday. 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 company has a market cap of $112.18 billion, a price-to-earnings ratio of 27.05, a PEG ratio of 1.66 and a beta of 0.26. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $618.95. The firm's fifty day simple moving average is $447.32 and its two-hundred day simple moving average is $459.12.

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

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio (DPR) is presently 74.32%.

Wall Street Analyst Weigh In

LMT has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. UBS Group cut their price target on shares of Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 23rd. TD Cowen restated a "hold" rating and set a $480.00 price target (down previously from $500.00) on shares of Lockheed Martin in a research note on Thursday, July 10th. Cowen lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Thursday, July 10th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and fourteen have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $494.00.

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.

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