Security National Bank Lowers Stock Position in Lockheed Martin Corporation $LMT

Key Points

• Security National Bank has significantly reduced its position in Lockheed Martin Corporation, cutting its holdings by 59.4% during the second quarter, now owning only 520 shares valued at $241,000.
• Lockheed Martin reported earnings of $7.29 per share, exceeding analysts' expectations of $6.57, despite revenue of $18.16 billion falling short of the $18.59 billion forecast.
• The company announced a quarterly dividend of $3.30 per share, reflecting a 2.8% dividend yield and a payout ratio of 74.32%.

Security National Bank lessened its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 59.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 520 shares of the aerospace company's stock after selling 760 shares during the quarter. Security National Bank's holdings in Lockheed Martin were worth $241,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in LMT. TruNorth Capital Management LLC purchased a new stake in Lockheed Martin in the 1st quarter valued at approximately $31,000. Heck Capital Advisors LLC purchased a new stake in shares of Lockheed Martin during the 4th quarter worth approximately $35,000. EQ Wealth Advisors LLC acquired a new position in shares of Lockheed Martin during the 1st quarter worth approximately $43,000. Ritter Daniher Financial Advisory LLC DE acquired a new position in shares of Lockheed Martin during the 1st quarter worth approximately $45,000. Finally, McIlrath & Eck LLC raised its position in shares of Lockheed Martin by 161.0% during the 1st quarter. McIlrath & Eck LLC now owns 107 shares of the aerospace company's stock worth $48,000 after purchasing an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company's stock.

Lockheed Martin Stock Performance

NYSE LMT traded down $0.70 during trading hours on Friday, reaching $472.92. The company's stock had a trading volume of 2,839,060 shares, compared to its average volume of 1,287,031. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47. The business has a 50-day simple moving average of $447.18 and a 200 day simple moving average of $459.10. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $618.95. The stock has a market cap of $110.41 billion, a PE ratio of 26.63, a PEG ratio of 1.66 and a beta of 0.26.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, beating 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 company had revenue of $18.16 billion for the quarter, compared to analyst estimates of $18.59 billion. During the same quarter last year, the business earned $7.11 earnings per share. Lockheed Martin'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 research analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio (DPR) is currently 74.32%.

Analyst Ratings Changes

Several brokerages recently issued reports on LMT. Susquehanna cut their price objective on Lockheed Martin from $550.00 to $490.00 and set a "positive" rating for the company in a research report on Wednesday, July 23rd. UBS Group cut their price objective on Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating for the company in a research report on Wednesday, July 23rd. Wall Street Zen downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Cowen downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a report on Thursday, July 10th. Finally, JPMorgan Chase & Co. cut their price target on Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. 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. According to data from MarketBeat, Lockheed Martin presently has a consensus rating of "Hold" and a consensus target price of $494.00.

Lockheed Martin 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.