Lockheed Martin Corporation $LMT Shares Sold by West Tower Group LLC

West Tower Group LLC cut its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 20.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 800 shares of the aerospace company’s stock after selling 200 shares during the quarter. West Tower Group LLC’s holdings in Lockheed Martin were worth $371,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LMT. TruNorth Capital Management LLC acquired a new position in Lockheed Martin during the first quarter worth about $31,000. Frazier Financial Advisors LLC acquired a new position in Lockheed Martin during the second quarter worth about $34,000. EQ Wealth Advisors LLC acquired a new position in Lockheed Martin during the first quarter worth about $43,000. GFG Capital LLC acquired a new position in Lockheed Martin during the second quarter worth about $43,000. Finally, Bernard Wealth Management Corp. boosted its position 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 acquiring an additional 68 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. UBS Group decreased 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. JPMorgan Chase & Co. decreased their target price on shares of Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating on the stock in a report on Wednesday, July 23rd. Bank of America decreased their target price on shares of Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating on the stock in a report on Thursday, August 21st. Robert W. Baird boosted their target price on shares of Lockheed Martin from $500.00 to $550.00 and gave the company an “outperform” rating in a report on Monday, October 6th. Finally, Royal Bank Of Canada boosted their target price on shares of Lockheed Martin from $440.00 to $525.00 and gave the company a “sector perform” rating in a report on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $510.29.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $495.24 on Monday. The firm’s 50 day moving average price is $471.93 and its 200-day moving average price is $464.85. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $618.95. The firm has a market cap of $115.62 billion, a P/E ratio of 27.89, a P/E/G ratio of 1.74 and a beta of 0.28.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, topping the consensus estimate of $6.57 by $0.72. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The firm had revenue of $18.16 billion for the quarter, compared to analyst estimates of $18.59 billion. During the same period in the prior year, the business posted $7.11 EPS. The business’s revenue for the quarter was up .2% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, equities research analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be paid a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Monday, December 1st. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s payout ratio is currently 74.32%.

About Lockheed Martin

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.