Princeton Global Asset Management LLC Sells 7,106 Shares of Lockheed Martin Corporation $LMT

Princeton Global Asset Management LLC decreased its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 89.1% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 870 shares of the aerospace company’s stock after selling 7,106 shares during the quarter. Princeton Global Asset Management LLC’s holdings in Lockheed Martin were worth $403,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. TruNorth Capital Management LLC bought a new position in shares of Lockheed Martin during the 1st quarter worth about $31,000. Frazier Financial Advisors LLC bought a new position in shares of Lockheed Martin during the 2nd quarter worth about $34,000. GFG Capital LLC bought a new position in shares of Lockheed Martin during the 2nd quarter worth about $43,000. Bernard Wealth Management Corp. increased its holdings in shares of Lockheed Martin by 251.9% during the 2nd quarter. Bernard Wealth Management Corp. now owns 95 shares of the aerospace company’s stock worth $44,000 after purchasing an additional 68 shares during the period. Finally, EQ Wealth Advisors LLC bought a new position in shares of Lockheed Martin during the 1st quarter worth about $43,000. Institutional investors own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

LMT has been the topic of a number of analyst reports. Robert W. Baird upped their target price on shares of Lockheed Martin from $500.00 to $550.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. Deutsche Bank Aktiengesellschaft set a $519.00 target price on shares of Lockheed Martin and gave the company a “hold” rating in a research note on Wednesday, October 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Lockheed Martin in a research note on Wednesday, October 8th. Truist Financial upped their target price on shares of Lockheed Martin from $440.00 to $500.00 and gave the company a “hold” rating in a research note on Wednesday. Finally, Morgan Stanley upped their target price on shares of Lockheed Martin from $530.00 to $630.00 and gave the company an “overweight” rating in a research note on Wednesday. One equities 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’s stock. Based on data from MarketBeat, Lockheed Martin has an average rating of “Hold” and an average price target of $510.29.

Lockheed Martin Price Performance

NYSE:LMT opened at $495.24 on Monday. The firm has a market cap of $115.62 billion, a PE ratio of 27.89, a price-to-earnings-growth ratio of 1.74 and a beta of 0.28. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 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. The company’s 50-day moving average price is $471.93 and its two-hundred day moving average price is $464.85.

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

Lockheed Martin Increases Dividend

The company 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 boost 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 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.