Prospera Financial Services Inc Sells 113 Shares of Lockheed Martin Corporation $LMT

Prospera Financial Services Inc lowered its position in Lockheed Martin Corporation (NYSE:LMT) by 0.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,164 shares of the aerospace company’s stock after selling 113 shares during the period. Prospera Financial Services Inc’s holdings in Lockheed Martin were worth $7,029,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of LMT. Brighton Jones LLC grew its stake in 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 buying an additional 191 shares during the last quarter. Cerity Partners LLC boosted its holdings in Lockheed Martin by 5.6% in the first quarter. Cerity Partners LLC now owns 156,183 shares of the aerospace company’s stock worth $69,768,000 after acquiring an additional 8,308 shares in the last quarter. Country Club Bank grew its stake in shares of Lockheed Martin by 2.8% during the first quarter. Country Club Bank now owns 4,446 shares of the aerospace company’s stock worth $1,963,000 after acquiring an additional 119 shares during the last quarter. PYA Waltman Capital LLC grew its stake in shares of Lockheed Martin by 5.7% during the first quarter. PYA Waltman Capital LLC now owns 4,529 shares of the aerospace company’s stock worth $2,023,000 after acquiring an additional 245 shares during the last quarter. Finally, SkyOak Wealth LLC increased its holdings in shares of Lockheed Martin by 196.9% during the first quarter. SkyOak Wealth LLC now owns 1,422 shares of the aerospace company’s stock valued at $635,000 after acquiring an additional 943 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Down 2.3%

NYSE:LMT opened at $457.93 on Friday. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.13 and a quick ratio of 0.97. The company’s fifty day moving average price is $483.98 and its 200-day moving average price is $467.55. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $576.43. The firm has a market capitalization of $105.96 billion, a P/E ratio of 25.57, a PEG ratio of 1.69 and a beta of 0.25.

Lockheed Martin (NYSE:LMT) last posted 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. The company had revenue of $18.61 billion during the quarter, compared to the consensus estimate of $18.45 billion. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the firm posted $6.84 earnings per share. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. As a group, equities research analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be issued a $3.45 dividend. The ex-dividend date of this dividend is Monday, December 1st. 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 yield of 3.0%. Lockheed Martin’s dividend payout ratio is presently 77.05%.

Insider Buying and Selling

In other Lockheed Martin news, COO John Frank A. St sold 7,792 shares of the company’s stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $491.04, for a total value of $3,826,183.68. Following the sale, the chief operating officer owned 1 shares in the company, valued at approximately $491.04. This represents a 99.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

LMT has been the subject of a number of recent analyst reports. UBS Group lowered their target price on shares of Lockheed Martin from $514.00 to $513.00 and set a “neutral” rating for the company in a research note on Wednesday, October 22nd. JPMorgan Chase & Co. decreased their price target on shares of Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating for the company in a report on Wednesday, July 23rd. Alembic Global Advisors upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a research note on Thursday, August 28th. Weiss Ratings reissued a “hold (c)” rating on shares of Lockheed Martin in a research report on Wednesday, October 8th. Finally, Vertical Research restated a “hold” rating and issued a $460.00 target price on shares of Lockheed Martin in a research note on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $513.47.

Lockheed Martin Company 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.