Scholtz & Company LLC Decreases Stock Position in Lockheed Martin Corporation $LMT

Scholtz & Company LLC cut its position in Lockheed Martin Corporation (NYSE:LMT) by 2.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,000 shares of the aerospace company’s stock after selling 25 shares during the quarter. Scholtz & Company LLC’s holdings in Lockheed Martin were worth $463,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its stake in shares of Lockheed Martin by 7.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 8,031,528 shares of the aerospace company’s stock valued at $3,587,444,000 after purchasing an additional 560,457 shares during the period. Royal Bank of Canada raised its holdings in Lockheed Martin by 1.4% in the first quarter. Royal Bank of Canada now owns 2,287,495 shares of the aerospace company’s stock valued at $1,021,846,000 after acquiring an additional 31,443 shares in the last quarter. Invesco Ltd. raised its holdings in Lockheed Martin by 0.6% in the first quarter. Invesco Ltd. now owns 2,144,827 shares of the aerospace company’s stock valued at $958,116,000 after acquiring an additional 12,899 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Lockheed Martin by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,299,092 shares of the aerospace company’s stock valued at $580,317,000 after acquiring an additional 24,512 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Lockheed Martin by 4.6% in the first quarter. Goldman Sachs Group Inc. now owns 1,161,687 shares of the aerospace company’s stock valued at $518,937,000 after acquiring an additional 51,522 shares in the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Lockheed Martin

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on LMT. Alembic Global Advisors raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a report on Thursday, August 28th. Bank of America cut their price target on shares of Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating on the stock in a report on Thursday, August 21st. Wall Street Zen raised shares of Lockheed Martin from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Robert W. Baird upped their price target on Lockheed Martin from $500.00 to $550.00 and gave the company an “outperform” rating in a research report on Monday, October 6th. Finally, Morgan Stanley upped their price target on Lockheed Martin from $530.00 to $630.00 and gave the company an “overweight” rating in a research report on Wednesday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Lockheed Martin currently has an average rating of “Hold” and a consensus price target of $513.47.

Lockheed Martin Stock Up 0.9%

LMT stock opened at $489.47 on Friday. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $576.43. The firm has a market cap of $113.26 billion, a PE ratio of 27.33, a P/E/G ratio of 1.69 and a beta of 0.28. The firm has a 50 day simple moving average of $480.97 and a 200 day simple moving average of $467.11. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.13 and a quick ratio of 0.97.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, October 21st. The aerospace company reported $6.95 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 business had revenue of $18.61 billion during the quarter, compared to analyst estimates of $18.45 billion. During the same period in the prior year, the business earned $6.84 earnings per share. The business’s quarterly 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. 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 firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be paid a dividend of $3.45 per share. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. This represents a $13.80 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Monday, December 1st. Lockheed Martin’s dividend payout ratio (DPR) is currently 77.05%.

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.