Yousif Capital Management LLC Lowers Position in Lockheed Martin Corporation $LMT

Key Points

• Yousif Capital Management LLC has reduced its stake in Lockheed Martin Corporation by 12.0%, now holding 16,728 shares valued at approximately $7.75 million.
• Lockheed Martin announced a quarterly dividend increase from $3.30 to $3.45, with a dividend yield of 2.7% and a payout ratio of 74.32%.
• Lockheed Martin’s Q2 earnings exceeded expectations with an EPS of $7.29, while revenue was slightly below analysts' estimates at $18.16 billion.

Yousif Capital Management LLC lessened its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 12.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,728 shares of the aerospace company's stock after selling 2,285 shares during the quarter. Yousif Capital Management LLC's holdings in Lockheed Martin were worth $7,747,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in LMT. TruNorth Capital Management LLC purchased a new position in shares of Lockheed Martin in the 1st quarter valued at approximately $31,000. EQ Wealth Advisors LLC purchased a new position in shares of Lockheed Martin in the 1st quarter valued at approximately $43,000. GFG Capital LLC purchased a new position in shares of Lockheed Martin in the 2nd quarter valued at approximately $43,000. Bernard Wealth Management Corp. lifted its stake in shares of Lockheed Martin by 251.9% in the 2nd quarter. Bernard Wealth Management Corp. now owns 95 shares of the aerospace company's stock valued at $44,000 after purchasing an additional 68 shares during the period. Finally, Ritter Daniher Financial Advisory LLC DE purchased a new position in Lockheed Martin during the first quarter valued at $45,000. Hedge funds and other institutional investors own 74.19% of the company's stock.

Lockheed Martin Stock Down 0.3%

Lockheed Martin stock opened at $503.67 on Tuesday. The firm has a market cap of $117.59 billion, a price-to-earnings ratio of 28.36, a PEG ratio of 1.77 and a beta of 0.28. The stock has a fifty day simple moving average of $466.48 and a two-hundred day simple moving average of $463.53. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $618.95. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $18.59 billion. During the same quarter in the previous year, the company posted $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 analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be issued a $3.45 dividend. The ex-dividend date of this dividend is Monday, December 1st. This is an increase from Lockheed Martin's previous quarterly dividend of $3.30. This represents a $13.80 annualized dividend and a dividend yield of 2.7%. Lockheed Martin's dividend payout ratio is presently 74.32%.

Analyst Ratings Changes

A number of brokerages have issued reports on LMT. Deutsche Bank Aktiengesellschaft set a $519.00 price objective on Lockheed Martin and gave the company a "hold" rating in a research note on Wednesday, October 8th. TD Cowen reiterated a "hold" rating and set a $480.00 price objective (down previously from $500.00) on shares of Lockheed Martin in a research note on Thursday, July 10th. Truist Financial cut Lockheed Martin from a "buy" rating to a "hold" rating and lowered their price objective for the company from $554.00 to $440.00 in a research note on Wednesday, July 23rd. Cowen cut Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Thursday, July 10th. Finally, Bank of America lowered their price objective on Lockheed Martin from $495.00 to $480.00 and set a "neutral" rating for the company in a research note on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $503.53.

About Lockheed Martin

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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