Lockheed Martin Corporation $LMT Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC cut its stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 11.4% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 202,331 shares of the aerospace company's stock after selling 26,152 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.09% of Lockheed Martin worth $93,582,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. TruNorth Capital Management LLC acquired a new position in Lockheed Martin during the first quarter worth $31,000. Heck Capital Advisors LLC purchased a new stake in shares of Lockheed Martin in the fourth quarter valued at about $35,000. EQ Wealth Advisors LLC purchased a new position in Lockheed Martin during the first quarter worth about $43,000. Ritter Daniher Financial Advisory LLC DE purchased a new position in Lockheed Martin during the first quarter worth about $45,000. Finally, McIlrath & Eck LLC boosted its stake in Lockheed Martin by 161.0% during the first quarter. McIlrath & Eck LLC now owns 107 shares of the aerospace company's stock worth $48,000 after buying an additional 66 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on LMT. JPMorgan Chase & Co. reduced their price target on shares of Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 23rd. Sanford C. Bernstein set a $551.00 price target on shares of Lockheed Martin and gave the company a "market perform" rating in a research note on Monday, July 14th. Truist Financial lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating and lowered their target price for the stock from $554.00 to $440.00 in a research report on Wednesday, July 23rd. Wall Street Zen lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, Bank of America reduced their target price on Lockheed Martin from $495.00 to $480.00 and set a "neutral" rating for the company in a report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fourteen have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $494.00.

Lockheed Martin Stock Down 0.2%

LMT opened at $473.29 on Thursday. 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 stock has a market capitalization of $110.49 billion, a price-to-earnings ratio of 26.65, a price-to-earnings-growth ratio of 1.67 and a beta of 0.26. The business has a 50-day moving average of $446.89 and a two-hundred day moving average of $458.78. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its 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. The business had revenue of $18.16 billion during the quarter, compared to analysts' expectations 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 for the quarter was up .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $7.11 EPS. 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 earnings per share for the current year.

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be given a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio is currently 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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