Lockheed Martin Corporation $LMT Shares Sold by NewEdge Advisors LLC

Key Points

• NewEdge Advisors LLC has reduced its holdings in Lockheed Martin Corporation by 5.8%, ending the quarter with 33,822 shares valued at approximately $15.1 million.
• Multiple institutional investors are actively engaging with Lockheed Martin, with several new stakes acquired in the first quarter of the year, indicating strong interest in the company's stock despite fluctuations.
• Lockheed Martin's quarterly earnings exceeded expectations with an EPS of $7.29, and the company announced a quarterly dividend of $3.30, reflecting a 2.8% yield.

NewEdge Advisors LLC lessened its position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 5.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,822 shares of the aerospace company's stock after selling 2,067 shares during the quarter. NewEdge Advisors LLC's holdings in Lockheed Martin were worth $15,109,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. 49 Wealth Management LLC increased its holdings in shares of Lockheed Martin by 3.4% in the 1st quarter. 49 Wealth Management LLC now owns 661 shares of the aerospace company's stock valued at $295,000 after acquiring an additional 22 shares during the period. OMNI 360 Wealth Inc. increased its stake in Lockheed Martin by 2.5% in the 1st quarter. OMNI 360 Wealth Inc. now owns 913 shares of the aerospace company's stock valued at $408,000 after buying an additional 22 shares during the period. Tyler Stone Wealth Management increased its stake in Lockheed Martin by 3.3% in the 1st quarter. Tyler Stone Wealth Management now owns 684 shares of the aerospace company's stock valued at $306,000 after buying an additional 22 shares during the period. Tealwood Asset Management Inc. increased its stake in Lockheed Martin by 0.4% in the 1st quarter. Tealwood Asset Management Inc. now owns 5,728 shares of the aerospace company's stock valued at $2,559,000 after buying an additional 23 shares during the period. Finally, Southland Equity Partners LLC increased its stake in Lockheed Martin by 3.1% in the 1st quarter. Southland Equity Partners LLC now owns 766 shares of the aerospace company's stock valued at $342,000 after buying an additional 23 shares during the period. Hedge funds and other institutional investors own 74.19% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on LMT shares. Cowen cut shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Thursday, July 10th. Sanford C. Bernstein set a $551.00 price objective on shares of Lockheed Martin and gave the company a "market perform" rating in a research note on Monday, July 14th. Vertical Research reissued a "hold" rating and issued a $460.00 price objective on shares of Lockheed Martin in a research note on Tuesday, July 22nd. TD Cowen restated a "hold" rating and set a $480.00 target price (down from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. Finally, Truist Financial lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating and decreased their target price for the stock from $554.00 to $440.00 in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fourteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $494.00.

Lockheed Martin Price Performance

Shares of Lockheed Martin stock traded up $6.83 on Friday, hitting $463.68. The company's stock had a trading volume of 1,464,488 shares, compared to its average volume of 1,393,759. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $618.95. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47. The firm has a fifty day moving average price of $446.34 and a 200-day moving average price of $457.54. The company has a market capitalization of $108.25 billion, a P/E ratio of 26.11, a price-to-earnings-growth ratio of 1.63 and a beta of 0.26.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, topping 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 business had revenue of $18.16 billion for the quarter, compared to analyst estimates of $18.59 billion. During the same period in the previous year, the firm earned $7.11 EPS. The business's revenue for the quarter was up .2% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. On average, equities research analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

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