Yousif Capital Management LLC Sells 2,285 Shares of Lockheed Martin Corporation $LMT

Yousif Capital Management LLC lessened its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 12.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 16,728 shares of the aerospace company’s stock after selling 2,285 shares during the period. Yousif Capital Management LLC’s holdings in Lockheed Martin were worth $7,747,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC lifted its position in shares of Lockheed Martin by 5.0% in the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock valued at $1,941,000 after acquiring an additional 191 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Lockheed Martin by 15.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 228,483 shares of the aerospace company’s stock valued at $102,067,000 after acquiring an additional 30,890 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its position in shares of Lockheed Martin by 5.4% in the first quarter. Dynamic Advisor Solutions LLC now owns 11,109 shares of the aerospace company’s stock valued at $4,962,000 after acquiring an additional 569 shares in the last quarter. Optas LLC lifted its position in shares of Lockheed Martin by 10.8% in the first quarter. Optas LLC now owns 607 shares of the aerospace company’s stock valued at $271,000 after acquiring an additional 59 shares in the last quarter. Finally, Acropolis Investment Management LLC lifted its position in shares of Lockheed Martin by 3.2% in the first quarter. Acropolis Investment Management LLC now owns 3,791 shares of the aerospace company’s stock valued at $1,693,000 after acquiring an additional 116 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Price Performance

NYSE:LMT opened at $503.67 on Tuesday. 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 company has a market capitalization of $117.59 billion, a P/E ratio of 28.36, a P/E/G ratio of 1.77 and a beta of 0.28. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $618.95. The business’s 50-day moving average is $466.48 and its 200 day moving average is $463.53.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data 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 return on equity of 107.60% and a net margin of 5.85%.The company had revenue of $18.16 billion for the quarter, compared to analysts’ expectations of $18.59 billion. During the same period in the previous year, the firm posted $7.11 earnings per share. 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. On average, equities research analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be paid a dividend of $3.45 per share. 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 yield of 2.7%. Lockheed Martin’s payout ratio is presently 74.32%.

Analysts Set New Price Targets

Several equities analysts have recently commented on LMT shares. Vertical Research restated a “hold” rating and issued a $460.00 price objective on shares of Lockheed Martin in a research report on Tuesday, July 22nd. Royal Bank Of Canada boosted their price objective on Lockheed Martin from $440.00 to $525.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 7th. TD Cowen restated a “hold” rating and issued a $480.00 price objective (down from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. Alembic Global Advisors upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating in a research report on Thursday, August 28th. Finally, Bank of America decreased their target price on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating on the stock in a research report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, six have given 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, Lockheed Martin has an average rating of “Hold” and a consensus target price 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.