Lockheed Martin Corporation $LMT Shares Sold by United Asset Strategies Inc.

Key Points

• United Asset Strategies Inc. reduced its stake in Lockheed Martin Corporation by 28.6%, holding 22,552 shares worth approximately $10.07 million at the end of the recent reporting period.
• Analysts have set new price targets for Lockheed Martin, with Jefferies Financial Group lowering their price objective from $510.00 to $500.00 and 14 analysts giving the stock a "Hold" rating.
• Lockheed Martin's stock opened at $446.41 and they recently declared a quarterly dividend of $3.30 per share, representing an annual yield of 3.0%.

United Asset Strategies Inc. reduced its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 28.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,552 shares of the aerospace company's stock after selling 9,032 shares during the quarter. United Asset Strategies Inc.'s holdings in Lockheed Martin were worth $10,074,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. TruNorth Capital Management LLC purchased a new position in Lockheed Martin during the 1st quarter worth $31,000. Heck Capital Advisors LLC acquired a new stake in shares of Lockheed Martin during the fourth quarter worth about $35,000. Banque Transatlantique SA purchased a new position in shares of Lockheed Martin during the fourth quarter worth about $43,000. EQ Wealth Advisors LLC purchased a new position in shares of Lockheed Martin during the first quarter worth about $43,000. Finally, Ritter Daniher Financial Advisory LLC DE acquired a new position in Lockheed Martin in the 1st quarter valued at about $45,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on LMT shares. Jefferies Financial Group decreased their price objective on Lockheed Martin from $510.00 to $500.00 and set a "hold" rating for the company in a research report on Monday, April 28th. Vertical Research restated a "hold" rating and set a $460.00 price target on shares of Lockheed Martin in a research note on Tuesday, July 22nd. Truist Financial lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating and lowered their price objective for the company from $554.00 to $440.00 in a research report on Wednesday, July 23rd. Royal Bank Of Canada dropped their price objective on shares of Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating on the stock in a research note on Wednesday, July 23rd. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and fourteen have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $506.65.

Lockheed Martin Price Performance

Lockheed Martin stock opened at $446.41 on Thursday. The company has a market cap of $104.22 billion, a P/E ratio of 25.14, a price-to-earnings-growth ratio of 1.55 and a beta of 0.27. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $618.95. The business has a fifty day moving average of $449.89 and a two-hundred day moving average of $456.41. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly 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. 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 the consensus estimate of $18.59 billion. During the same quarter last year, the firm posted $7.11 EPS. The business's revenue was up .2% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal 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 given a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio (DPR) is presently 74.32%.

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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