Koshinski Asset Management Inc. Sells 77 Shares of Lockheed Martin Corporation $LMT

Koshinski Asset Management Inc. reduced its holdings in Lockheed Martin Corporation (NYSE:LMT) by 1.7% during the 2nd quarter, Holdings Channel reports. The fund owned 4,325 shares of the aerospace company’s stock after selling 77 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Lockheed Martin were worth $2,003,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Nicholson Wealth Management Group LLC raised its position in Lockheed Martin by 2.3% in the 2nd quarter. Nicholson Wealth Management Group LLC now owns 3,715 shares of the aerospace company’s stock valued at $1,721,000 after purchasing an additional 85 shares during the last quarter. Easterly Investment Partners LLC increased its stake in shares of Lockheed Martin by 137.4% in the second quarter. Easterly Investment Partners LLC now owns 6,672 shares of the aerospace company’s stock valued at $3,090,000 after buying an additional 3,862 shares in the last quarter. Arista Wealth Management LLC acquired a new stake in shares of Lockheed Martin in the second quarter valued at $1,715,000. Stratos Wealth Partners LTD. raised its holdings in shares of Lockheed Martin by 4.4% in the second quarter. Stratos Wealth Partners LTD. now owns 9,493 shares of the aerospace company’s stock valued at $4,397,000 after buying an additional 396 shares during the last quarter. Finally, Stratos Wealth Advisors LLC lifted its position in Lockheed Martin by 2.7% during the 2nd quarter. Stratos Wealth Advisors LLC now owns 1,000 shares of the aerospace company’s stock worth $463,000 after buying an additional 26 shares in the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Stock Performance

LMT stock opened at $495.24 on Friday. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $618.95. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47. The company has a market cap of $115.62 billion, a P/E ratio of 27.89, a price-to-earnings-growth ratio of 1.74 and a beta of 0.28. The business’s fifty day moving average is $471.93 and its 200-day moving average is $464.78.

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

Lockheed Martin Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be paid a $3.45 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $13.80 annualized dividend and a dividend yield of 2.8%. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s dividend payout ratio (DPR) is 77.70%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Morgan Stanley boosted their target price on shares of Lockheed Martin from $530.00 to $630.00 and gave the stock an “overweight” rating in a research note on Wednesday. Cowen lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Thursday, July 10th. Truist Financial upped their price objective on Lockheed Martin from $440.00 to $500.00 and gave the stock a “hold” rating in a report on Wednesday. Royal Bank Of Canada lifted their target price on Lockheed Martin from $440.00 to $525.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 7th. Finally, The Goldman Sachs Group upped their price target on Lockheed Martin from $398.00 to $425.00 and gave the company a “sell” rating in a research note on Friday, October 10th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $510.29.

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.