Lockheed Martin Corporation $LMT Shares Sold by GW Henssler & Associates Ltd.

Key Points

• GW Henssler & Associates Ltd. reduced its stake in Lockheed Martin Corporation by 50.6%, now holding 19,002 shares valued at approximately $8.8 million.
• Several institutional investors, including Charles Schwab and Royal Bank of Canada, have increased their positions in Lockheed Martin, indicating continued interest in the stock.
• Lockheed Martin announced a quarterly dividend increase to $3.45 per share, representing a 2.7% yield, with the payout scheduled for December 30th.

GW Henssler & Associates Ltd. lowered its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 50.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,002 shares of the aerospace company's stock after selling 19,460 shares during the period. GW Henssler & Associates Ltd.'s holdings in Lockheed Martin were worth $8,800,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its position in Lockheed Martin by 7.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 8,031,528 shares of the aerospace company's stock valued at $3,587,444,000 after purchasing an additional 560,457 shares during the period. Royal Bank of Canada lifted its position in Lockheed Martin by 1.4% in the first quarter. Royal Bank of Canada now owns 2,287,495 shares of the aerospace company's stock valued at $1,021,846,000 after purchasing an additional 31,443 shares during the period. Invesco Ltd. increased its holdings in Lockheed Martin by 0.6% in the first quarter. Invesco Ltd. now owns 2,144,827 shares of the aerospace company's stock valued at $958,116,000 after buying an additional 12,899 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Lockheed Martin by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,299,092 shares of the aerospace company's stock valued at $580,317,000 after buying an additional 24,512 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in Lockheed Martin by 4.6% in the first quarter. Goldman Sachs Group Inc. now owns 1,161,687 shares of the aerospace company's stock valued at $518,937,000 after buying an additional 51,522 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on LMT shares. Royal Bank Of Canada dropped their target price on shares of Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating for the company in a report on Wednesday, July 23rd. Bank of America dropped their target price on shares of Lockheed Martin from $495.00 to $480.00 and set a "neutral" rating for the company in a report on Thursday, August 21st. JPMorgan Chase & Co. dropped their target price on shares of Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. Truist Financial cut shares of Lockheed Martin from a "buy" rating to a "hold" rating and dropped their target price for the company from $554.00 to $440.00 in a report on Wednesday, July 23rd. Finally, Sanford C. Bernstein set a $551.00 target price on shares of Lockheed Martin and gave the company a "market perform" rating in a report on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and fifteen have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $503.13.

Lockheed Martin Trading Down 0.5%

Shares of LMT opened at $505.11 on Friday. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83. The firm has a 50 day simple moving average of $464.89 and a 200-day simple moving average of $462.95. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $618.95. The stock has a market cap of $117.92 billion, a price-to-earnings ratio of 28.44, a price-to-earnings-growth ratio of 1.78 and a beta of 0.28.

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

Lockheed Martin Increases Dividend

The company 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. This represents a $13.80 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Monday, December 1st. This is an increase from Lockheed Martin's previous quarterly dividend of $3.30. Lockheed Martin's dividend payout ratio is presently 74.32%.

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.

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