Goelzer Investment Management Inc. Cuts Stock Position in Lockheed Martin Corporation $LMT

Goelzer Investment Management Inc. lowered its position in Lockheed Martin Corporation (NYSE:LMT) by 5.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 27,491 shares of the aerospace company’s stock after selling 1,487 shares during the period. Lockheed Martin makes up about 0.7% of Goelzer Investment Management Inc.’s portfolio, making the stock its 20th largest position. Goelzer Investment Management Inc.’s holdings in Lockheed Martin were worth $12,732,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of LMT. TruNorth Capital Management LLC purchased a new position in shares of Lockheed Martin in the 1st quarter worth approximately $31,000. Heck Capital Advisors LLC purchased a new position in shares of Lockheed Martin in the 4th quarter worth approximately $35,000. EQ Wealth Advisors LLC purchased a new position in shares of Lockheed Martin in the 1st quarter worth approximately $43,000. Ritter Daniher Financial Advisory LLC DE acquired a new stake in Lockheed Martin in the 1st quarter worth approximately $45,000. Finally, McIlrath & Eck LLC boosted its stake in Lockheed Martin by 161.0% in the 1st quarter. McIlrath & Eck LLC now owns 107 shares of the aerospace company’s stock worth $48,000 after purchasing an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on LMT shares. Robert W. Baird lowered their target price on shares of Lockheed Martin from $540.00 to $500.00 and set an “outperform” rating for the company in a research note on Wednesday, July 23rd. Bank of America lowered their target price on shares of Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a research note on Thursday, August 21st. UBS Group lowered their target price on shares of Lockheed Martin from $498.00 to $453.00 and set a “neutral” rating for the company in a research note on Wednesday, July 23rd. Wall Street Zen cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Finally, Sanford C. Bernstein set a $551.00 target price on shares of Lockheed Martin and gave the stock a “market perform” rating in a research note on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $494.00.

Lockheed Martin Stock Performance

NYSE:LMT opened at $474.09 on Wednesday. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98. The company has a fifty day moving average of $446.69 and a two-hundred day moving average of $458.68. The stock has a market capitalization of $110.68 billion, a PE ratio of 26.69, a P/E/G ratio of 1.66 and a beta of 0.26. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $618.95.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, topping analysts’ consensus estimates of $6.57 by $0.72. The company had revenue of $18.16 billion during the quarter, compared to analysts’ expectations 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 period in the prior year, the business posted $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, research analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $3.30 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 2.8%. Lockheed Martin’s dividend payout ratio is currently 74.32%.

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.