Lockheed Martin Corporation $LMT Shares Sold by Security National Bank

Security National Bank lessened its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 59.4% during the 2nd quarter, Holdings Channel reports. The firm owned 520 shares of the aerospace company’s stock after selling 760 shares during the period. Security National Bank’s holdings in Lockheed Martin were worth $241,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in LMT. TruNorth Capital Management LLC acquired a new stake in shares of Lockheed Martin during the first quarter worth about $31,000. Heck Capital Advisors LLC acquired a new stake in shares of Lockheed Martin during the fourth quarter worth about $35,000. EQ Wealth Advisors LLC acquired a new stake in shares of Lockheed Martin during the first quarter worth about $43,000. Ritter Daniher Financial Advisory LLC DE acquired a new stake in Lockheed Martin in the first quarter valued at approximately $45,000. Finally, McIlrath & Eck LLC raised its holdings in Lockheed Martin by 161.0% in the first quarter. McIlrath & Eck LLC now owns 107 shares of the aerospace company’s stock valued at $48,000 after acquiring an additional 66 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Up 0.1%

LMT stock opened at $473.67 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $618.95. The company’s 50 day moving average is $447.07 and its two-hundred day moving average is $458.94. The stock has a market cap of $110.59 billion, a P/E ratio of 26.67, a PEG ratio of 1.66 and a beta of 0.26.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, topping 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 net margin of 5.85% and a return on equity of 107.60%. The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period last year, the firm posted $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Research analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders 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 dividend yield of 2.8%. Lockheed Martin’s dividend payout ratio (DPR) is 74.32%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on LMT. Vertical Research reaffirmed a “hold” rating and issued a $460.00 target price on shares of Lockheed Martin in a report on Tuesday, July 22nd. UBS Group reduced their target price on shares of Lockheed Martin from $498.00 to $453.00 and set a “neutral” rating on the stock in a report on Wednesday, July 23rd. TD Cowen reaffirmed a “hold” rating and issued a $480.00 target price (down previously from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. Alembic Global Advisors raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a report on Thursday, August 28th. Finally, Cowen cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Thursday, July 10th. One 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. According to data from MarketBeat, Lockheed Martin currently has an average rating of “Hold” and an average price target of $494.00.

Lockheed Martin 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.