Community Bank N.A. Has $2.76 Million Stock Position in Lockheed Martin Corporation $LMT

Community Bank N.A. decreased its position in Lockheed Martin Corporation (NYSE:LMT) by 4.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,968 shares of the aerospace company’s stock after selling 280 shares during the period. Community Bank N.A.’s holdings in Lockheed Martin were worth $2,764,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Entropy Technologies LP grew its holdings in shares of Lockheed Martin by 410.2% in the 1st quarter. Entropy Technologies LP now owns 17,626 shares of the aerospace company’s stock valued at $7,874,000 after buying an additional 14,171 shares during the period. PTM Wealth Management LLC acquired a new position in Lockheed Martin in the 1st quarter worth $377,000. First American Bank boosted its stake in Lockheed Martin by 18.8% in the 1st quarter. First American Bank now owns 8,393 shares of the aerospace company’s stock worth $3,749,000 after purchasing an additional 1,327 shares during the period. Empowered Funds LLC boosted its stake in Lockheed Martin by 21.2% in the 1st quarter. Empowered Funds LLC now owns 40,380 shares of the aerospace company’s stock worth $18,038,000 after purchasing an additional 7,052 shares during the period. Finally, Cantor Fitzgerald Investment Advisors L.P. boosted its stake in Lockheed Martin by 18.6% in the 1st quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 17,129 shares of the aerospace company’s stock worth $7,652,000 after purchasing an additional 2,686 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Trading Down 0.3%

Lockheed Martin stock opened at $503.67 on Tuesday. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83. The firm has a 50-day moving average of $466.48 and a 200-day moving average of $463.53. The company has a market cap of $117.59 billion, a price-to-earnings ratio of 28.36, a P/E/G ratio of 1.77 and a beta of 0.28. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $618.95.

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

Lockheed Martin Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be paid a $3.45 dividend. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. The ex-dividend date is Monday, December 1st. This represents a $13.80 dividend on an annualized basis and a yield of 2.7%. Lockheed Martin’s dividend payout ratio (DPR) is currently 74.32%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on LMT. 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. The Goldman Sachs Group upped their target price on shares of Lockheed Martin from $398.00 to $425.00 and gave the stock a “sell” rating in a research note on Friday. 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 research note on Wednesday, July 23rd. Susquehanna increased their price objective on shares of Lockheed Martin from $490.00 to $590.00 and gave the stock a “positive” rating in a research note on Thursday. Finally, Alembic Global Advisors upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a research note on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Lockheed Martin currently has a consensus rating of “Hold” and an average target price of $503.53.

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.