Nisa Investment Advisors LLC Sells 32,761 Shares of Lockheed Martin Corporation $LMT

Nisa Investment Advisors LLC lowered its holdings in Lockheed Martin Corporation (NYSE:LMT) by 37.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 54,637 shares of the aerospace company’s stock after selling 32,761 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Lockheed Martin were worth $25,305,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Mid American Wealth Advisory Group Inc. bought a new position in shares of Lockheed Martin in the 2nd quarter worth $28,000. TruNorth Capital Management LLC bought a new position in shares of Lockheed Martin in the 1st quarter worth $31,000. Frazier Financial Advisors LLC bought a new position in shares of Lockheed Martin in the 2nd quarter worth $34,000. GFG Capital LLC purchased a new stake in shares of Lockheed Martin during the second quarter valued at about $43,000. Finally, Bernard Wealth Management Corp. lifted its position in shares of Lockheed Martin by 251.9% during the second quarter. Bernard Wealth Management Corp. now owns 95 shares of the aerospace company’s stock valued at $44,000 after buying an additional 68 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Down 0.5%

Shares of Lockheed Martin stock opened at $485.59 on Monday. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 3.32. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $576.43. The firm has a market capitalization of $112.37 billion, a price-to-earnings ratio of 27.11, a PEG ratio of 1.69 and a beta of 0.28. The firm’s 50 day simple moving average is $477.51 and its two-hundred day simple moving average is $466.57.

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 the consensus estimate of $6.33 by $0.62. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.The firm 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 firm earned $6.84 EPS. The firm’s revenue was up 8.8% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. Analysts predict 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. Stockholders of record on Monday, December 1st will be issued a $3.45 dividend. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, December 1st. Lockheed Martin’s dividend payout ratio is currently 73.70%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Royal Bank Of Canada increased their price target 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 price objective on shares of Lockheed Martin from $398.00 to $425.00 and gave the stock a “sell” rating in a research note on Friday, October 10th. Robert W. Baird upped their price target on Lockheed Martin from $500.00 to $550.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. JPMorgan Chase & Co. reduced their price target on Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 23rd. Finally, Wall Street Zen raised Lockheed Martin from a “hold” rating to a “buy” rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Lockheed Martin currently has an average rating of “Hold” and a consensus target price of $513.47.

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.