Stack Financial Management Inc Sells 999 Shares of Lockheed Martin Corporation $LMT

Key Points

• Stack Financial Management Inc decreased its position in Lockheed Martin Corporation by 2.2%, now holding 44,992 shares valued at approximately $20.8 million.
• Lockheed Martin recently announced a dividend increase, with a quarterly payment of $3.45, boosting the annualized dividend to $13.80 and a yield of 2.7%.
• The company's earnings for the last quarter were $7.29 EPS, exceeding analysts' expectations of $6.57, while revenue reached $18.16 billion.

Stack Financial Management Inc cut its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 2.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 44,992 shares of the aerospace company's stock after selling 999 shares during the quarter. Lockheed Martin makes up approximately 1.8% of Stack Financial Management Inc's investment portfolio, making the stock its 23rd largest holding. Stack Financial Management Inc's holdings in Lockheed Martin were worth $20,838,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. 49 Wealth Management LLC increased its stake 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 worth $295,000 after acquiring an additional 22 shares during the last quarter. OMNI 360 Wealth Inc. grew its holdings in shares of Lockheed Martin by 2.5% during the 1st quarter. OMNI 360 Wealth Inc. now owns 913 shares of the aerospace company's stock worth $408,000 after purchasing an additional 22 shares during the period. Tyler Stone Wealth Management grew its holdings in shares of Lockheed Martin by 3.3% during the 1st quarter. Tyler Stone Wealth Management now owns 684 shares of the aerospace company's stock worth $306,000 after purchasing an additional 22 shares during the period. Investment Advisory Services Inc. TX ADV grew its holdings in shares of Lockheed Martin by 4.7% during the 2nd quarter. Investment Advisory Services Inc. TX ADV now owns 486 shares of the aerospace company's stock worth $225,000 after purchasing an additional 22 shares during the period. Finally, Broadway Wealth Solutions Inc. grew its holdings in shares of Lockheed Martin by 4.5% during the 2nd quarter. Broadway Wealth Solutions Inc. now owns 511 shares of the aerospace company's stock worth $237,000 after purchasing an additional 22 shares during the period. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock opened at $505.11 on Monday. The business has a 50-day moving average of $464.89 and a 200 day moving average of $463.09. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $618.95. The stock has a market capitalization of $117.93 billion, a price-to-earnings ratio of 28.44, a price-to-earnings-growth ratio of 1.77 and a beta of 0.28. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, beating analysts' consensus estimates of $6.57 by $0.72. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The company had revenue of $18.16 billion during the quarter, compared to analysts' expectations of $18.59 billion. During the same period last year, the business posted $7.11 EPS. Lockheed Martin's revenue for the quarter was up .2% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, sell-side analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st will be paid a $3.45 dividend. This represents a $13.80 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Monday, December 1st. This is a boost from Lockheed Martin's previous quarterly dividend of $3.30. Lockheed Martin's dividend payout ratio (DPR) is 77.70%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on LMT. Cowen cut Lockheed Martin from a "buy" rating to a "hold" rating in a report on Thursday, July 10th. Wall Street Zen cut Lockheed Martin from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Vertical Research reiterated a "hold" rating and set a $460.00 price target on shares of Lockheed Martin in a report on Tuesday, July 22nd. Royal Bank Of Canada increased their price target on Lockheed Martin from $440.00 to $525.00 and gave the stock a "sector perform" rating in a report on Tuesday, October 7th. Finally, UBS Group lowered their price target on Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating for the company in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $503.53.

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.

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