Harold Davidson & Associates Inc. Has $1.06 Million Stock Position in Lockheed Martin Corporation $LMT

Key Points

• Harold Davidson & Associates Inc. has reduced its stake in Lockheed Martin by 27.2%, now holding 2,378 shares valued at approximately $1.06 million as of the end of the first quarter.
• Lockheed Martin recently declared a quarterly dividend of $3.30 per share, equating to an annualized dividend yield of 2.8%, with the ex-dividend date set for September 2nd.
• The company's latest earnings report showed an EPS of $7.29, surpassing analysts' expectations, along with a revenue of $18.16 billion, narrowly missing projections.

Harold Davidson & Associates Inc. reduced its position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 27.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,378 shares of the aerospace company's stock after selling 890 shares during the quarter. Harold Davidson & Associates Inc.'s holdings in Lockheed Martin were worth $1,062,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. TruNorth Capital Management LLC acquired a new position in Lockheed Martin during the 1st quarter worth approximately $31,000. Heck Capital Advisors LLC acquired a new position in Lockheed Martin during the 4th quarter worth approximately $35,000. EQ Wealth Advisors LLC acquired a new position in Lockheed Martin during the 1st quarter worth approximately $43,000. Ritter Daniher Financial Advisory LLC DE acquired a new position in Lockheed Martin during the 1st quarter worth approximately $45,000. Finally, McIlrath & Eck LLC raised 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 worth $48,000 after buying an additional 66 shares during the period. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Stock Performance

Shares of LMT opened at $470.29 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47. The company has a market capitalization of $109.79 billion, a price-to-earnings ratio of 26.48, a PEG ratio of 1.63 and a beta of 0.26. The stock has a 50 day moving average of $446.23 and a 200 day moving average of $458.06. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, beating analysts' consensus estimates of $6.57 by $0.72. The company had revenue of $18.16 billion during the quarter, compared to the consensus estimate 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 was up .2% on a year-over-year basis. During the same period last year, the business posted $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, sell-side analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio (DPR) is presently 74.32%.

Analyst Ratings Changes

A number of research analysts recently weighed in on LMT shares. Sanford C. Bernstein set a $551.00 price target on Lockheed Martin and gave the stock a "market perform" rating in a research note on Monday, July 14th. TD Cowen reissued a "hold" rating and issued a $480.00 price objective (down from $500.00) on shares of Lockheed Martin in a research note on Thursday, July 10th. Bank of America lowered their price objective on Lockheed Martin from $495.00 to $480.00 and set a "neutral" rating for the company in a research note on Thursday, August 21st. JPMorgan Chase & Co. lowered their price objective on Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating for the company in a research note on Wednesday, July 23rd. Finally, Royal Bank Of Canada lowered their price objective on Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating for the company in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target 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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