Trinity Legacy Partners LLC Trims Holdings in Lockheed Martin Corporation $LMT

Key Points

• Trinity Legacy Partners LLC significantly reduced its holdings in Lockheed Martin Corporation by 87.7%, selling 5,830 shares and leaving it with only 816 shares worth $375,000.
• Recent analyst ratings indicate a more cautious outlook for Lockheed Martin, with Truist Financial downgrading their rating from "buy" to "hold" and adjusting the target price downward to $440.
• Lockheed Martin has announced a quarterly dividend of $3.30 per share, representing a 3.0% yield, to be paid on September 26th to shareholders of record.

Trinity Legacy Partners LLC trimmed its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 87.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 816 shares of the aerospace company's stock after selling 5,830 shares during the quarter. Trinity Legacy Partners LLC's holdings in Lockheed Martin were worth $375,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of LMT. TruNorth Capital Management LLC acquired a new stake in Lockheed Martin during the first quarter worth about $31,000. Heck Capital Advisors LLC acquired a new stake in Lockheed Martin during the fourth quarter worth about $35,000. Banque Transatlantique SA acquired a new stake in Lockheed Martin during the fourth quarter worth about $43,000. EQ Wealth Advisors LLC acquired a new stake in Lockheed Martin during the first quarter worth about $43,000. Finally, Ritter Daniher Financial Advisory LLC DE acquired a new stake in Lockheed Martin during the first quarter worth about $45,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Truist Financial lowered 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 report on Wednesday, July 23rd. 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. Jefferies Financial Group cut their price objective on Lockheed Martin from $510.00 to $500.00 and set a "hold" rating for the company in a research report on Monday, April 28th. Bank of America cut their price objective on Lockheed Martin from $495.00 to $480.00 and set a "neutral" rating for the company in a research report on Thursday. Finally, Robert W. Baird cut their price objective on Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating for the company in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and fourteen have issued a Hold rating to the company's stock. According to MarketBeat.com, Lockheed Martin currently has a consensus rating of "Hold" and an average target price of $506.35.

Lockheed Martin Stock Performance

Shares of NYSE:LMT opened at $445.7320 on Friday. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83. The business's 50 day moving average price is $448.65 and its 200-day moving average price is $456.29. The firm has a market capitalization of $104.06 billion, a PE ratio of 25.10, a P/E/G ratio of 1.57 and a beta of 0.27. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.57 by $0.72. The firm had revenue of $18.16 billion for the quarter, compared to analyst estimates of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The business's revenue was up .2% on a year-over-year basis. During the same period in the previous year, the company posted $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, equities research analysts expect 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. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $3.30 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 3.0%. Lockheed Martin's payout ratio is 74.32%.

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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