Helen Stephens Group LLC Reduces Stock Position in Lockheed Martin Corporation $LMT

Key Points

• Helen Stephens Group LLC has reduced its holdings in Lockheed Martin Corporation by 54.7%, selling 1,217 shares during the second quarter.
• Lockheed Martin reported a quarterly EPS of $7.29, exceeding analysts' expectations, but had revenues of $18.16 billion against estimates of $18.59 billion.
• The company recently declared a quarterly dividend of $3.30 per share, representing an annualized yield of 2.8% with a payout ratio of 74.32%.

Helen Stephens Group LLC lessened its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 54.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,008 shares of the aerospace company's stock after selling 1,217 shares during the quarter. Helen Stephens Group LLC's holdings in Lockheed Martin were worth $467,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Entropy Technologies LP increased its holdings in Lockheed Martin by 410.2% in the first quarter. Entropy Technologies LP now owns 17,626 shares of the aerospace company's stock valued at $7,874,000 after buying an additional 14,171 shares during the last quarter. PTM Wealth Management LLC purchased a new position in Lockheed Martin in the first quarter valued at $377,000. First American Bank increased its holdings in Lockheed Martin by 18.8% in the first quarter. First American Bank now owns 8,393 shares of the aerospace company's stock valued at $3,749,000 after buying an additional 1,327 shares during the last quarter. Cantor Fitzgerald Investment Advisors L.P. increased its holdings in Lockheed Martin by 18.6% in the first quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 17,129 shares of the aerospace company's stock valued at $7,652,000 after buying an additional 2,686 shares during the last quarter. Finally, State of Wyoming increased its holdings in Lockheed Martin by 93.9% in the fourth quarter. State of Wyoming now owns 1,113 shares of the aerospace company's stock valued at $541,000 after buying an additional 539 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company's stock.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $471.10 on Friday. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $618.95. The stock's 50-day moving average is $446.39 and its two-hundred day moving average is $458.21. The firm has a market cap of $109.98 billion, a price-to-earnings ratio of 26.53, a PEG ratio of 1.66 and a beta of 0.26.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.57 by $0.72. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The firm had revenue of $18.16 billion for the quarter, compared to analyst estimates of $18.59 billion. During the same quarter last year, the company posted $7.11 earnings per share. The business'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. Analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.8%. Lockheed Martin's dividend payout ratio (DPR) is currently 74.32%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Robert W. Baird dropped their target price on Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating on the stock in a report on Wednesday, July 23rd. Cowen lowered Lockheed Martin from a "buy" rating to a "hold" rating in a report on Thursday, July 10th. Royal Bank Of Canada dropped their price objective on Lockheed Martin from $480.00 to $440.00 and set a "sector perform" 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. Finally, UBS Group dropped 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. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fourteen have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $494.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.