Schulhoff & Co. Inc. Sells 342 Shares of Lockheed Martin Corporation $LMT

Schulhoff & Co. Inc. reduced its position in Lockheed Martin Corporation (NYSE:LMT) by 2.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,505 shares of the aerospace company’s stock after selling 342 shares during the period. Lockheed Martin comprises approximately 3.2% of Schulhoff & Co. Inc.’s holdings, making the stock its 6th largest position. Schulhoff & Co. Inc.’s holdings in Lockheed Martin were worth $7,181,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several equities analysts recently commented on LMT shares. Wall Street Zen cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Robert W. Baird upped their target price on shares of Lockheed Martin from $500.00 to $550.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. Alembic Global Advisors raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a report on Thursday, August 28th. TD Cowen reissued a “hold” rating and set a $480.00 price objective (down previously from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. Finally, Royal Bank Of Canada increased their price objective on shares of Lockheed Martin from $440.00 to $525.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Lockheed Martin presently has an average rating of “Hold” and a consensus target price of $515.35.

Lockheed Martin Stock Performance

Lockheed Martin stock opened at $489.09 on Wednesday. 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 Corporation has a 1 year low of $410.11 and a 1 year high of $608.34. The company has a market cap of $114.19 billion, a PE ratio of 27.54, a PEG ratio of 1.78 and a beta of 0.28. The company’s 50-day moving average is $474.67 and its two-hundred day moving average is $465.52.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.33 by $0.62. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The company had revenue of $18.61 billion for the quarter, compared to the consensus estimate of $18.45 billion. During the same period in the prior year, the company posted $6.84 EPS. The company’s revenue was up 8.8% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. Equities analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be given a $3.45 dividend. The ex-dividend date is Monday, December 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.8%. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s dividend payout ratio is 77.70%.

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.