Lockheed Martin Corporation $LMT Shares Sold by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. trimmed its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 0.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,502 shares of the aerospace company’s stock after selling 198 shares during the period. Johnson Investment Counsel Inc.’s holdings in Lockheed Martin were worth $9,958,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. TruNorth Capital Management LLC bought a new stake in Lockheed Martin during the first quarter worth approximately $31,000. GFG Capital LLC bought a new stake in Lockheed Martin during the second quarter worth approximately $43,000. Bernard Wealth Management Corp. boosted its holdings in Lockheed Martin by 251.9% during the second quarter. Bernard Wealth Management Corp. now owns 95 shares of the aerospace company’s stock worth $44,000 after buying an additional 68 shares in the last quarter. EQ Wealth Advisors LLC bought a new stake in Lockheed Martin during the first quarter worth approximately $43,000. Finally, Ritter Daniher Financial Advisory LLC DE bought a new stake in Lockheed Martin during the first quarter worth approximately $45,000. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Trading Down 0.5%

Lockheed Martin stock opened at $505.11 on Monday. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $618.95. 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 firm has a market capitalization of $117.93 billion, a price-to-earnings ratio of 28.44, a P/E/G ratio of 1.77 and a beta of 0.28. The company has a 50 day moving average price of $464.89 and a 200 day moving average price of $463.09.

Lockheed Martin (NYSE:LMT) last released 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. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The company had revenue of $18.16 billion during the quarter, compared to the consensus estimate of $18.59 billion. During the same quarter in the prior year, the firm earned $7.11 EPS. The company’s revenue was up .2% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Research analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be given a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Monday, December 1st. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s payout ratio is currently 77.70%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. UBS Group reduced their target price on shares of Lockheed Martin from $498.00 to $453.00 and set a “neutral” rating for the company in a report on Wednesday, July 23rd. Sanford C. Bernstein set a $551.00 price objective on shares of Lockheed Martin and gave the stock a “market perform” rating in a research note on Monday, July 14th. Bank of America decreased their price objective 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. Cowen lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Thursday, July 10th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lockheed Martin in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $503.53.

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.