Second Half Financial Partners LLC Reduces Stock Position in Lockheed Martin Corporation (NYSE:LMT)

Key Points

• Second Half Financial Partners LLC reduced its stock holdings in Lockheed Martin by 22.9%, now owning 3,417 shares, worth approximately $1,526,000.
• The company recently announced a quarterly dividend of $3.30 per share, with a yield of 3.13%, to be paid on September 26th.
• Lockheed Martin reported $7.29 earnings per share for the last quarter, surpassing the analysts' expectations, while revenue stood at $18.16 billion.

Second Half Financial Partners LLC reduced its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 22.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,417 shares of the aerospace company's stock after selling 1,016 shares during the period. Lockheed Martin makes up 0.8% of Second Half Financial Partners LLC's portfolio, making the stock its 21st largest holding. Second Half Financial Partners LLC's holdings in Lockheed Martin were worth $1,526,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. TruNorth Capital Management LLC purchased a new position in Lockheed Martin during the 1st quarter valued at about $31,000. Heck Capital Advisors LLC purchased a new position in shares of Lockheed Martin in the 4th quarter worth approximately $35,000. Redwood Park Advisors LLC purchased a new position in shares of Lockheed Martin in the 4th quarter worth approximately $40,000. Banque Transatlantique SA purchased a new position in shares of Lockheed Martin in the 4th quarter worth approximately $43,000. Finally, EQ Wealth Advisors LLC purchased a new position in shares of Lockheed Martin in the 1st quarter worth approximately $43,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Stock Performance

NYSE:LMT opened at $421.60 on Friday. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.91 and a current ratio of 0.98. The company has a fifty day moving average of $465.80 and a two-hundred day moving average of $462.67. The stock has a market capitalization of $98.43 billion, a PE ratio of 23.74, a P/E/G ratio of 1.45 and a beta of 0.28. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $18.16 billion during the quarter, compared to analyst estimates of $18.59 billion. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. Lockheed Martin's quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $7.11 earnings per share. As a group, research analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be issued a $3.30 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $13.20 annualized dividend and a yield of 3.13%. Lockheed Martin's dividend payout ratio (DPR) is 74.32%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on LMT shares. JPMorgan Chase & Co. cut their price objective 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. Morgan Stanley raised shares of Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 target price on the stock in a research report on Wednesday, April 16th. Truist Financial downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating and dropped their target price for the stock from $554.00 to $440.00 in a research report on Wednesday. TD Cowen reissued a "hold" rating and set a $480.00 target price (down previously from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. Finally, UBS Group dropped their target price on shares of Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating on the stock in a research report on Wednesday. Fifteen equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Lockheed Martin presently has a consensus rating of "Hold" and an average target price of $506.65.

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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