Koshinski Asset Management Inc. Has $2 Million Holdings in Lockheed Martin Corporation $LMT

Koshinski Asset Management Inc. lessened its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 1.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,325 shares of the aerospace company’s stock after selling 77 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Lockheed Martin were worth $2,003,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in LMT. Charles Schwab Investment Management Inc. boosted its holdings in Lockheed Martin by 7.5% during 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 acquiring an additional 560,457 shares during the period. Royal Bank of Canada boosted its stake in Lockheed Martin by 1.4% during the 1st quarter. Royal Bank of Canada now owns 2,287,495 shares of the aerospace company’s stock valued at $1,021,846,000 after purchasing an additional 31,443 shares during the period. Invesco Ltd. boosted its stake in Lockheed Martin by 0.6% during the 1st quarter. Invesco Ltd. now owns 2,144,827 shares of the aerospace company’s stock valued at $958,116,000 after purchasing an additional 12,899 shares during the period. Dimensional Fund Advisors LP grew its holdings in Lockheed Martin by 1.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,299,092 shares of the aerospace company’s stock valued at $580,317,000 after buying an additional 24,512 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in Lockheed Martin by 4.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,161,687 shares of the aerospace company’s stock worth $518,937,000 after buying an additional 51,522 shares during the period. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Stock Performance

NYSE LMT opened at $495.24 on Friday. The stock has a market cap of $115.62 billion, a P/E ratio of 27.89, a PEG ratio of 1.74 and a beta of 0.28. The company’s 50-day simple moving average is $471.93 and its 200 day simple moving average is $464.78. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $618.95. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, beating analysts’ consensus estimates of $6.57 by $0.72. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The company had revenue of $18.16 billion for the quarter, compared to the consensus estimate of $18.59 billion. During the same period in the previous year, the business earned $7.11 earnings per share. The company’s quarterly revenue was up .2% on a year-over-year basis. 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 Increases Dividend

The business also recently declared 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 2.8%. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. The ex-dividend date is Monday, December 1st. Lockheed Martin’s dividend payout ratio (DPR) is currently 77.70%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Truist Financial increased their price objective on Lockheed Martin from $440.00 to $500.00 and gave the company a “hold” rating in a research report on Wednesday. Weiss Ratings reissued a “hold (c)” rating on shares of Lockheed Martin in a report on Wednesday, October 8th. Royal Bank Of Canada boosted their price objective on shares of Lockheed Martin from $440.00 to $525.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 7th. 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. Finally, Bank of America decreased their target price on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating on the stock in a research report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $510.29.

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.