CMG Global Holdings LLC Cuts Stock Holdings in Lockheed Martin Corporation $LMT

CMG Global Holdings LLC decreased its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 3.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 729 shares of the aerospace company’s stock after selling 28 shares during the period. CMG Global Holdings LLC’s holdings in Lockheed Martin were worth $307,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. TruNorth Capital Management LLC purchased a new position in Lockheed Martin in the first quarter worth $31,000. Frazier Financial Advisors LLC purchased a new position in Lockheed Martin in the second quarter worth $34,000. EQ Wealth Advisors LLC purchased a new position in Lockheed Martin in the first quarter worth $43,000. GFG Capital LLC purchased a new position in Lockheed Martin in the second quarter worth $43,000. Finally, Bernard Wealth Management Corp. boosted its position in Lockheed Martin by 251.9% in the second 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 last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Shares of LMT opened at $495.24 on Monday. The firm has a market cap of $115.62 billion, a PE ratio of 27.89, a PEG ratio of 1.74 and a beta of 0.28. The stock’s fifty day moving average price is $471.93 and its two-hundred day moving average price is $464.85. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $618.95.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.57 by $0.72. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.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 previous year, the company posted $7.11 earnings per share. The business’s revenue was up .2% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. On average, equities research analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Increases Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Monday, December 1st. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s dividend payout ratio is presently 74.32%.

Analyst Ratings Changes

Several research firms have weighed in on LMT. Morgan Stanley boosted their price objective on Lockheed Martin from $530.00 to $630.00 and gave the stock an “overweight” rating in a research report on Wednesday. Sanford C. Bernstein set a $551.00 price objective on Lockheed Martin and gave the stock a “market perform” rating in a research report on Monday, July 14th. The Goldman Sachs Group boosted their price objective on Lockheed Martin from $398.00 to $425.00 and gave the stock a “sell” rating in a research report on Friday, October 10th. Vertical Research reissued a “hold” rating and issued a $460.00 price objective on shares of Lockheed Martin in a research report on Tuesday, July 22nd. Finally, Susquehanna boosted their target price on Lockheed Martin from $490.00 to $590.00 and gave the company a “positive” rating in a research note on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lockheed Martin presently has an average rating of “Hold” and a consensus price target of $510.29.

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.