Lockheed Martin Corporation $LMT Shares Sold by Monetary Management Group Inc.

Key Points

• Monetary Management Group Inc. has reduced its stake in Lockheed Martin by 53.6%, owning 1,427 shares worth approximately $637,000 after selling 1,650 shares in the first quarter.
• Lockheed Martin reported earnings of $7.29 per share, exceeding estimates, while revenue for the quarter was $18.16 billion, slightly below expectations.
• The company recently declared a quarterly dividend of $3.30 per share, translating to an annual yield of 3.0%, with a payout ratio of 74.32%.

Monetary Management Group Inc. cut its stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 53.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,427 shares of the aerospace company's stock after selling 1,650 shares during the quarter. Monetary Management Group Inc.'s holdings in Lockheed Martin were worth $637,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. TruNorth Capital Management LLC acquired a new position in shares of Lockheed Martin during the first quarter worth about $31,000. Heck Capital Advisors LLC acquired a new position in Lockheed Martin in the fourth quarter valued at approximately $35,000. Banque Transatlantique SA purchased a new position in Lockheed Martin in the fourth quarter valued at approximately $43,000. EQ Wealth Advisors LLC acquired a new stake in Lockheed Martin during the first quarter worth approximately $43,000. Finally, Ritter Daniher Financial Advisory LLC DE acquired a new stake in Lockheed Martin during the first quarter worth approximately $45,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Price Performance

LMT stock opened at $446.7530 on Friday. The company has a market capitalization of $104.30 billion, a P/E ratio of 25.16, a PEG ratio of 1.57 and a beta of 0.27. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $618.95. The business has a 50 day simple moving average of $449.45 and a 200-day simple moving average of $456.35. 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 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. The business had revenue of $18.16 billion during the quarter, compared to the consensus estimate of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The company's revenue was up .2% compared to the same quarter last year. During the same period in the prior 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, equities analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LMT. Royal Bank Of Canada lowered 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. Susquehanna lowered their target price on shares of Lockheed Martin from $550.00 to $490.00 and set a "positive" rating for the company in a report on Wednesday, July 23rd. Bank of America lowered 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. TD Cowen restated a "hold" rating and issued a $480.00 target price (down previously from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. Finally, Wall Street Zen cut shares of Lockheed Martin from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $506.35.

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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