Lockheed Martin Corporation $LMT Shares Sold by Atria Wealth Solutions Inc.

Key Points

• Atria Wealth Solutions Inc. significantly reduced its stake in Lockheed Martin by 53.9% during Q2, now holding 15,123 shares valued at approximately $7 million.
• Lockheed Martin recently announced a quarterly dividend increase to $3.45, with an annualized yield of 2.7%, reflecting a positive shift from the previous dividend of $3.30.
• The company's stock performance indicates a market capitalization of $117.59 billion with a recent price-to-earnings ratio of 28.36 and an EPS forecast for the current year at 27.15.

Atria Wealth Solutions Inc. decreased its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 53.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,123 shares of the aerospace company's stock after selling 17,680 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Lockheed Martin were worth $7,003,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. 49 Wealth Management LLC boosted its stake in shares of Lockheed Martin by 3.4% during the 1st quarter. 49 Wealth Management LLC now owns 661 shares of the aerospace company's stock valued at $295,000 after buying an additional 22 shares during the last quarter. OMNI 360 Wealth Inc. boosted its stake in shares of Lockheed Martin by 2.5% during the 1st quarter. OMNI 360 Wealth Inc. now owns 913 shares of the aerospace company's stock valued at $408,000 after buying an additional 22 shares during the last quarter. Tyler Stone Wealth Management boosted its stake in shares of Lockheed Martin by 3.3% during the 1st quarter. Tyler Stone Wealth Management now owns 684 shares of the aerospace company's stock valued at $306,000 after buying an additional 22 shares during the last quarter. Investment Advisory Services Inc. TX ADV boosted its stake in shares of Lockheed Martin by 4.7% during the 2nd quarter. Investment Advisory Services Inc. TX ADV now owns 486 shares of the aerospace company's stock valued at $225,000 after buying an additional 22 shares during the last quarter. Finally, Broadway Wealth Solutions Inc. boosted its stake in shares of Lockheed Martin by 4.5% during the 2nd quarter. Broadway Wealth Solutions Inc. now owns 511 shares of the aerospace company's stock valued at $237,000 after buying an additional 22 shares during the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Stock Performance

LMT stock opened at $503.67 on Tuesday. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98. The stock has a market capitalization of $117.59 billion, a price-to-earnings ratio of 28.36, a PEG ratio of 1.77 and a beta of 0.28. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $618.95. The stock's fifty day moving average is $466.48 and its two-hundred day moving average is $463.53.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.57 by $0.72. The company had revenue of $18.16 billion for the quarter, compared to analysts' expectations of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The firm's quarterly revenue was up .2% compared to the same quarter last year. 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. On average, research analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be paid a $3.45 dividend. The ex-dividend date is Monday, December 1st. This is a positive change from Lockheed Martin's previous quarterly dividend of $3.30. This represents a $13.80 dividend on an annualized basis and a yield of 2.7%. Lockheed Martin's dividend payout ratio (DPR) is 74.32%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on LMT shares. Royal Bank Of Canada raised their price objective on Lockheed Martin from $440.00 to $525.00 and gave the stock a "sector perform" rating in a research note on Tuesday, October 7th. Bank of America reduced their price objective on Lockheed Martin from $495.00 to $480.00 and set a "neutral" rating on the stock in a research note on Thursday, August 21st. Cowen cut Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Thursday, July 10th. Susquehanna raised their price objective on Lockheed Martin from $490.00 to $590.00 and gave the stock a "positive" rating in a research note on Thursday. Finally, Alembic Global Advisors upgraded Lockheed Martin from a "neutral" rating to an "overweight" rating in a research note on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $503.53.

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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