Procyon Advisors LLC decreased its position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 14.5% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,581 shares of the aerospace company's stock after selling 776 shares during the quarter. Procyon Advisors LLC's holdings in Lockheed Martin were worth $2,121,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. TruNorth Capital Management LLC bought a new stake in Lockheed Martin in the 1st quarter valued at $31,000. Heck Capital Advisors LLC bought a new stake in Lockheed Martin in the 4th quarter valued at $35,000. EQ Wealth Advisors LLC bought a new stake in Lockheed Martin in the 1st quarter valued at $43,000. Ritter Daniher Financial Advisory LLC DE bought a new stake in Lockheed Martin in the 1st quarter valued at $45,000. Finally, McIlrath & Eck LLC increased its holdings in Lockheed Martin by 161.0% in the 1st quarter. McIlrath & Eck LLC now owns 107 shares of the aerospace company's stock valued at $48,000 after acquiring an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company's stock.
Lockheed Martin Price Performance
Shares of LMT opened at $474.09 on Wednesday. The company has a 50 day moving average price of $446.69 and a 200-day moving average price of $458.68. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $618.95. The stock has a market capitalization of $110.68 billion, a PE ratio of 26.69, a PEG ratio of 1.66 and a beta of 0.26. 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 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 firm had revenue of $18.16 billion during the quarter, compared to analysts' expectations of $18.59 billion. During the same quarter in the prior year, the company earned $7.11 EPS. The company'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. Equities analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.
Lockheed Martin Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors 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 2.8%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's payout ratio is 74.32%.
Analyst Ratings Changes
LMT has been the topic of a number of research reports. Susquehanna reduced their price target on shares of Lockheed Martin from $550.00 to $490.00 and set a "positive" rating on the stock in a report on Wednesday, July 23rd. Cowen downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating in a report on Thursday, July 10th. Royal Bank Of Canada reduced their price target on shares of Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating on the stock in a report on Wednesday, July 23rd. JPMorgan Chase & Co. reduced their target price on shares of Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. Finally, Sanford C. Bernstein set a $551.00 target price on shares of Lockheed Martin and gave the stock a "market perform" rating in a report on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and fourteen have issued a Hold rating to the company's stock. Based on data from MarketBeat, Lockheed Martin presently has a consensus rating of "Hold" and an average target price of $494.00.
View Our Latest Stock Analysis on LMT
Lockheed Martin Profile
(
Free Report)
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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