Monetary Management Group Inc. Cuts Position in Lockheed Martin Corporation $LMT

Monetary Management Group Inc. decreased its holdings in Lockheed Martin Corporation (NYSE:LMT) by 53.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,427 shares of the aerospace company’s stock after selling 1,650 shares during the quarter. Monetary Management Group Inc.’s holdings in Lockheed Martin were worth $637,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of LMT. GAMMA Investing LLC raised its position in Lockheed Martin by 41,104.9% in the first quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company’s stock worth $889,593,000 after acquiring an additional 1,986,600 shares in the last quarter. Castlekeep Investment Advisors LLC purchased a new position in Lockheed Martin in the fourth quarter worth $526,587,000. Leigh Baldwin & CO. LLC purchased a new position in Lockheed Martin in the fourth quarter worth $451,985,000. Charles Schwab Investment Management Inc. increased its position 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 buying an additional 560,457 shares in the last quarter. Finally, Nuveen LLC purchased a new position in shares of Lockheed Martin in the first quarter valued at $221,790,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Up 0.2%

LMT opened at $446.7530 on Friday. 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 firm has a market cap of $104.30 billion, a P/E ratio of 25.16, a PEG ratio of 1.57 and a beta of 0.27. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $618.95. The business’s fifty day simple moving average is $449.45 and its 200 day simple moving average is $456.35.

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

Lockheed Martin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be paid a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin’s dividend payout ratio (DPR) is presently 74.32%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on LMT shares. Royal Bank Of Canada dropped their price target on Lockheed Martin from $480.00 to $440.00 and set a “sector perform” rating for the company in a research report on Wednesday, July 23rd. Sanford C. Bernstein set a $551.00 price target on Lockheed Martin and gave the company a “market perform” rating in a research report on Monday, July 14th. Truist Financial cut Lockheed Martin from a “buy” rating to a “hold” rating and dropped their price target for the company from $554.00 to $440.00 in a research report on Wednesday, July 23rd. UBS Group dropped their price target on Lockheed Martin from $498.00 to $453.00 and set a “neutral” rating for the company in a research report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. dropped their price target on Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating for the company in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to MarketBeat, Lockheed Martin presently has an average rating of “Hold” and an average price target of $506.35.

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.