Ashton Thomas Private Wealth LLC Sells 1,687 Shares of Lockheed Martin Corporation $LMT

Ashton Thomas Private Wealth LLC lessened its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 27.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,453 shares of the aerospace company’s stock after selling 1,687 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Lockheed Martin were worth $2,062,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in LMT. Brighton Jones LLC lifted its holdings in shares of Lockheed Martin by 5.0% during the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock worth $1,941,000 after acquiring an additional 191 shares during the period. Spinnaker Trust lifted its holdings in shares of Lockheed Martin by 7.5% during the 1st quarter. Spinnaker Trust now owns 721 shares of the aerospace company’s stock worth $322,000 after acquiring an additional 50 shares during the period. Smallwood Wealth Investment Management LLC bought a new position in Lockheed Martin in the 1st quarter valued at approximately $129,000. Deseret Mutual Benefit Administrators lifted its stake in Lockheed Martin by 4.7% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 2,428 shares of the aerospace company’s stock valued at $1,085,000 after purchasing an additional 110 shares during the last quarter. Finally, Benchmark Financial Wealth Advisors LLC lifted its stake in Lockheed Martin by 31.6% in the 1st quarter. Benchmark Financial Wealth Advisors LLC now owns 658 shares of the aerospace company’s stock valued at $294,000 after purchasing an additional 158 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Vertical Research reissued a “hold” rating and issued a $460.00 price objective on shares of Lockheed Martin in a research note on Tuesday, July 22nd. Sanford C. Bernstein increased their price objective on shares of Lockheed Martin from $497.00 to $545.00 and gave the company a “market perform” rating in a research note on Monday, October 20th. Truist Financial increased their price objective on shares of Lockheed Martin from $440.00 to $500.00 and gave the company a “hold” rating in a research note on Wednesday, October 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Lockheed Martin in a research note on Wednesday, October 8th. Finally, Bank of America dropped their price objective on shares of 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 research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $513.47.

Insider Buying and Selling at Lockheed Martin

In other news, COO John Frank A. St sold 7,792 shares of the stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $491.04, for a total transaction of $3,826,183.68. Following the completion of the sale, the chief operating officer directly owned 1 shares in the company, valued at $491.04. This represents a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.14% of the stock is currently owned by company insiders.

Lockheed Martin Trading Down 0.2%

Shares of NYSE LMT opened at $486.05 on Wednesday. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.97 and a current ratio of 1.13. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $576.43. The firm has a 50 day moving average price of $479.34 and a two-hundred day moving average price of $466.88. The stock has a market cap of $112.47 billion, a P/E ratio of 27.14, a price-to-earnings-growth ratio of 1.70 and a beta of 0.28.

Lockheed Martin (NYSE:LMT) last announced its quarterly 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 net margin of 5.73% and a return on equity of 111.84%. The firm had revenue of $18.61 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. As a group, equities 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. Stockholders of record on Monday, December 1st will be given a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a dividend yield of 2.8%. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. The ex-dividend date is Monday, December 1st. Lockheed Martin’s dividend payout ratio is currently 73.70%.

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.