Courier Capital LLC Trims Stake in Lockheed Martin Corporation $LMT

Courier Capital LLC cut its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 1.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,507 shares of the aerospace company’s stock after selling 186 shares during the quarter. Courier Capital LLC’s holdings in Lockheed Martin were worth $6,256,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of LMT. 49 Wealth Management LLC increased its holdings in Lockheed Martin by 3.4% during the first quarter. 49 Wealth Management LLC now owns 661 shares of the aerospace company’s stock valued at $295,000 after buying an additional 22 shares during the period. OMNI 360 Wealth Inc. boosted its stake in Lockheed Martin by 2.5% in the first quarter. OMNI 360 Wealth Inc. now owns 913 shares of the aerospace company’s stock valued at $408,000 after acquiring an additional 22 shares in the last quarter. Tyler Stone Wealth Management grew its holdings in shares of Lockheed Martin by 3.3% during the first quarter. Tyler Stone Wealth Management now owns 684 shares of the aerospace company’s stock valued at $306,000 after buying an additional 22 shares during the last quarter. Investment Advisory Services Inc. TX ADV raised its stake in Lockheed Martin by 4.7% in the 2nd quarter. Investment Advisory Services Inc. TX ADV now owns 486 shares of the aerospace company’s stock worth $225,000 after acquiring an additional 22 shares during the last quarter. Finally, Broadway Wealth Solutions Inc. raised its stake in Lockheed Martin by 4.5% in the 2nd quarter. Broadway Wealth Solutions Inc. now owns 511 shares of the aerospace company’s stock worth $237,000 after acquiring an additional 22 shares during the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Stock Performance

NYSE:LMT opened at $503.67 on Tuesday. The company’s 50-day moving average is $466.48 and its two-hundred day moving average is $463.53. 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 Corporation has a 1-year low of $410.11 and a 1-year high of $618.95. The firm has a market capitalization of $117.59 billion, a price-to-earnings ratio of 28.36, a PEG ratio of 1.77 and a beta of 0.28.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, topping 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 firm had revenue of $18.16 billion for the quarter, compared to the consensus estimate of $18.59 billion. During the same period in the prior year, the firm earned $7.11 EPS. The firm’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. Analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on LMT shares. Robert W. Baird boosted their target price on shares of Lockheed Martin from $500.00 to $550.00 and gave the company an “outperform” rating in a research report on Monday, October 6th. Alembic Global Advisors upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a research report on Thursday, August 28th. Royal Bank Of Canada boosted their target price on shares of Lockheed Martin from $440.00 to $525.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 7th. The Goldman Sachs Group boosted their target price on shares of Lockheed Martin from $398.00 to $425.00 and gave the company a “sell” rating in a research report on Friday. Finally, Bank of America cut their price objective on shares of Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average 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.