Lockheed Martin Corporation $LMT Shares Sold by Venture Visionary Partners LLC

Key Points

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Venture Visionary Partners LLC trimmed its position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 49.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,749 shares of the aerospace company's stock after selling 15,591 shares during the period. Venture Visionary Partners LLC's holdings in Lockheed Martin were worth $7,035,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Entropy Technologies LP raised its holdings in Lockheed Martin by 410.2% in the first quarter. Entropy Technologies LP now owns 17,626 shares of the aerospace company's stock valued at $7,874,000 after acquiring an additional 14,171 shares in the last quarter. PTM Wealth Management LLC acquired a new position in Lockheed Martin in the first quarter worth $377,000. First American Bank boosted its holdings in Lockheed Martin by 18.8% in the first quarter. First American Bank now owns 8,393 shares of the aerospace company's stock worth $3,749,000 after purchasing an additional 1,327 shares during the period. Aquatic Capital Management LLC acquired a new position in Lockheed Martin in the fourth quarter worth $33,294,000. Finally, Cantor Fitzgerald Investment Advisors L.P. boosted its holdings in Lockheed Martin by 18.6% in the first quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 17,129 shares of the aerospace company's stock worth $7,652,000 after purchasing an additional 2,686 shares during the period. 74.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Sanford C. Bernstein set a $551.00 price objective on shares of Lockheed Martin and gave the stock a "market perform" rating in a report on Monday, July 14th. TD Cowen reaffirmed a "hold" rating and issued a $480.00 target price (down from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. UBS Group dropped their target price on Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 23rd. Wall Street Zen lowered Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, Cowen lowered Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and fourteen have issued a Hold rating to the company's stock. According to data from MarketBeat, Lockheed Martin has an average rating of "Hold" and an average target price of $506.65.

Lockheed Martin Stock Performance

LMT stock traded up $5.31 during trading on Wednesday, reaching $446.41. 1,282,242 shares of the company's stock were exchanged, compared to its average volume of 1,973,493. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $618.95. The company's fifty day moving average price is $449.89 and its 200-day moving average price is $456.41. The firm has a market cap of $104.22 billion, a PE ratio of 25.14, a P/E/G ratio of 1.55 and a beta of 0.27.

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, topping analysts' consensus estimates of $6.57 by $0.72. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The company had revenue of $18.16 billion during the quarter, compared to analyst estimates of $18.59 billion. During the same quarter in the previous year, the firm posted $7.11 EPS. The firm's quarterly revenue was up .2% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. On average, research analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The company 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. The ex-dividend date is Tuesday, September 2nd. This represents a $13.20 annualized dividend and a dividend yield of 3.0%. Lockheed Martin's dividend payout ratio (DPR) is 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.