Compton Wealth Advisory Group LLC Sells 662 Shares of Lockheed Martin Corporation $LMT

Compton Wealth Advisory Group LLC reduced its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 17.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,178 shares of the aerospace company’s stock after selling 662 shares during the period. Compton Wealth Advisory Group LLC’s holdings in Lockheed Martin were worth $1,472,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Entropy Technologies LP lifted its holdings in Lockheed Martin by 410.2% during the 1st quarter. Entropy Technologies LP now owns 17,626 shares of the aerospace company’s stock valued at $7,874,000 after purchasing an additional 14,171 shares during the last quarter. PTM Wealth Management LLC bought a new position in Lockheed Martin during the 1st quarter valued at about $377,000. First American Bank lifted its holdings in Lockheed Martin by 18.8% during the 1st quarter. First American Bank now owns 8,393 shares of the aerospace company’s stock valued at $3,749,000 after purchasing an additional 1,327 shares during the last quarter. Empowered Funds LLC lifted its holdings in Lockheed Martin by 21.2% during the 1st quarter. Empowered Funds LLC now owns 40,380 shares of the aerospace company’s stock valued at $18,038,000 after purchasing an additional 7,052 shares during the last quarter. Finally, Cantor Fitzgerald Investment Advisors L.P. lifted its holdings in Lockheed Martin by 18.6% during the 1st quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 17,129 shares of the aerospace company’s stock valued at $7,652,000 after purchasing an additional 2,686 shares during the last quarter. 74.19% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on LMT shares. Royal Bank Of Canada cut their price target on shares of Lockheed Martin from $480.00 to $440.00 and set a “sector perform” rating for the company in a report on Wednesday, July 23rd. Truist Financial downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating and dropped their target price for the stock from $554.00 to $440.00 in a research note on Wednesday, July 23rd. Wall Street Zen downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. UBS Group dropped 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, Robert W. Baird dropped their target price on shares of Lockheed Martin from $540.00 to $500.00 and set an “outperform” rating for the company in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $494.00.

Lockheed Martin Stock Down 0.2%

Shares of NYSE:LMT opened at $473.29 on Thursday. The company has a 50 day moving average price of $446.89 and a two-hundred day moving average price of $458.78. 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 52 week low of $410.11 and a 52 week high of $618.95. The company has a market capitalization of $110.49 billion, a PE ratio of 26.65, a PEG ratio of 1.67 and a beta of 0.26.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (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 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 earnings per share. The firm’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. Analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be issued a dividend of $3.30 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $13.20 annualized dividend and a yield of 2.8%. Lockheed Martin’s dividend payout ratio is presently 74.32%.

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.