Community Bank N.A. Has $2.76 Million Holdings in Lockheed Martin Corporation $LMT

Community Bank N.A. lessened its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 4.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,968 shares of the aerospace company’s stock after selling 280 shares during the period. Community Bank N.A.’s holdings in Lockheed Martin were worth $2,764,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in LMT. TruNorth Capital Management LLC bought a new stake in Lockheed Martin in the 1st quarter valued at $31,000. GFG Capital LLC bought a new stake in Lockheed Martin in the 2nd quarter valued at $43,000. Bernard Wealth Management Corp. grew its position in shares of Lockheed Martin by 251.9% during the 2nd quarter. Bernard Wealth Management Corp. now owns 95 shares of the aerospace company’s stock worth $44,000 after purchasing an additional 68 shares in the last quarter. EQ Wealth Advisors LLC acquired a new position in shares of Lockheed Martin during the 1st quarter worth approximately $43,000. Finally, Ritter Daniher Financial Advisory LLC DE acquired a new position in shares of Lockheed Martin during the 1st quarter worth approximately $45,000. Institutional investors own 74.19% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. TD Cowen restated a “hold” rating and set a $480.00 target price (down previously from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. Royal Bank Of Canada increased their target price on shares of Lockheed Martin from $440.00 to $525.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 7th. UBS Group decreased their target price on shares of Lockheed Martin from $498.00 to $453.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 23rd. Wall Street Zen lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Finally, Alembic Global Advisors upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a research report on Thursday, August 28th. 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $503.53.

Lockheed Martin Stock Performance

NYSE LMT opened at $503.67 on Tuesday. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47. The firm has a market capitalization of $117.59 billion, a price-to-earnings ratio of 28.36, a P/E/G ratio of 1.77 and a beta of 0.28. The firm’s 50 day simple moving average is $466.48 and its 200 day simple moving average is $463.53. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $618.95.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.57 by $0.72. The business had revenue of $18.16 billion for the quarter, compared to analyst estimates of $18.59 billion. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The firm’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the business posted $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, research analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st will be issued a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a dividend yield of 2.7%. 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 (DPR) is currently 74.32%.

About Lockheed Martin

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.