Lockheed Martin Corporation $LMT Shares Sold by Harbor Investment Advisory LLC

Key Points

• Harbor Investment Advisory LLC reduced its stake in Lockheed Martin by 27.5%, selling 803 shares and ending up with a total of 2,121 shares valued at $982,000.
• Lockheed Martin posted earnings of $7.29 per share for the last quarter, beating estimates by $0.72, although revenue slightly fell short of expectations at $18.16 billion.
• The company announced a quarterly dividend of $3.30 per share, representing an annual yield of 2.8%, with a payout ratio of 74.32%.

Harbor Investment Advisory LLC lessened its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 27.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,121 shares of the aerospace company's stock after selling 803 shares during the period. Harbor Investment Advisory LLC's holdings in Lockheed Martin were worth $982,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LMT. TruNorth Capital Management LLC bought a new position in Lockheed Martin in the 1st quarter valued at about $31,000. Heck Capital Advisors LLC bought a new position in Lockheed Martin in the 4th quarter valued at about $35,000. EQ Wealth Advisors LLC bought a new position in Lockheed Martin in the 1st quarter valued at about $43,000. Ritter Daniher Financial Advisory LLC DE bought a new position in Lockheed Martin in the 1st quarter valued at about $45,000. Finally, McIlrath & Eck LLC grew its position in Lockheed Martin by 161.0% in the 1st quarter. McIlrath & Eck LLC now owns 107 shares of the aerospace company's stock valued at $48,000 after buying an additional 66 shares in the last quarter. Institutional investors own 74.19% of the company's stock.

Lockheed Martin Stock Performance

NYSE:LMT opened at $471.10 on Friday. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve 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. The company has a 50-day moving average of $446.39 and a 200-day moving average of $458.33. The firm has a market cap of $109.98 billion, a price-to-earnings ratio of 26.53, a price-to-earnings-growth ratio of 1.66 and a beta of 0.26.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, beating the consensus estimate of $6.57 by $0.72. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The company had revenue of $18.16 billion during the quarter, compared to analyst estimates of $18.59 billion. During the same quarter last year, the firm posted $7.11 EPS. The business's revenue for the quarter was up .2% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be paid 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 yield of 2.8%. Lockheed Martin's dividend payout ratio is currently 74.32%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on LMT shares. Cowen lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Thursday, July 10th. Wall Street Zen lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Royal Bank Of Canada decreased 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 research report on Wednesday, July 23rd. Alembic Global Advisors upgraded shares of Lockheed Martin from a "neutral" rating to an "overweight" rating in a research report on Thursday, August 28th. Finally, Susquehanna reduced their price objective on shares of Lockheed Martin from $550.00 to $490.00 and set a "positive" rating for the company in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fourteen have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average 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.

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