Kestra Advisory Services LLC Sells 3,191 Shares of Lockheed Martin Corporation $LMT

Key Points

• Kestra Advisory Services LLC sold 3,191 shares of Lockheed Martin Corporation, lowering its stake by 4.5%, bringing its total holdings to 68,508 shares worth approximately $30.6 million.
• Lockheed Martin reported a Q2 earnings of $7.29 per share, surpassing estimates, along with revenues of $18.16 billion, slightly below analyst expectations, while setting fiscal year 2025 guidance at 21.700-22.000 EPS.
• The company declared a quarterly dividend of $3.30 per share, yielding 3.0%, with the ex-dividend date set for September 2nd.

Kestra Advisory Services LLC lowered its stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 4.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 68,508 shares of the aerospace company's stock after selling 3,191 shares during the quarter. Kestra Advisory Services LLC's holdings in Lockheed Martin were worth $30,603,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. TruNorth Capital Management LLC bought a new position in Lockheed Martin during the first quarter valued at about $31,000. Heck Capital Advisors LLC purchased a new position in shares of Lockheed Martin in the fourth quarter worth about $35,000. Banque Transatlantique SA purchased a new position in shares of Lockheed Martin in the fourth quarter worth about $43,000. EQ Wealth Advisors LLC purchased a new position in shares of Lockheed Martin in the first quarter worth about $43,000. Finally, Ritter Daniher Financial Advisory LLC DE purchased a new position in shares of Lockheed Martin in the first quarter worth about $45,000. Institutional investors own 74.19% of the company's stock.

Lockheed Martin Price Performance

Shares of NYSE:LMT opened at $446.7530 on Friday. The company has a 50 day moving average of $449.45 and a 200 day moving average of $456.35. The stock has a market cap of $104.30 billion, a P/E ratio of 25.16, a P/E/G ratio of 1.57 and a beta of 0.27. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $618.95. 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 EPS for the quarter, beating the consensus estimate of $6.57 by $0.72. The company had revenue of $18.16 billion during the quarter, compared to analysts' expectations of $18.59 billion. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. Lockheed Martin's revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the previous year, the company earned $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 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be paid a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin's payout ratio is currently 74.32%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on LMT shares. JPMorgan Chase & Co. reduced their target price on shares of Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating for the company in a research note on Wednesday, July 23rd. Vertical Research reiterated a "hold" rating and issued a $460.00 target price on shares of Lockheed Martin in a research note on Tuesday, July 22nd. TD Cowen reiterated a "hold" rating and issued a $480.00 target price (down previously from $500.00) on shares of Lockheed Martin in a research note on Thursday, July 10th. Wall Street Zen downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Finally, Susquehanna reduced their target price on shares of Lockheed Martin from $550.00 to $490.00 and set a "positive" rating for the company in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $506.35.

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.

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