TrueWealth Advisors LLC Sells 58 Shares of Lockheed Martin Corporation $LMT

TrueWealth Advisors LLC lowered its position in Lockheed Martin Corporation (NYSE:LMT) by 7.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 707 shares of the aerospace company’s stock after selling 58 shares during the quarter. TrueWealth Advisors LLC’s holdings in Lockheed Martin were worth $327,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC boosted its position in Lockheed Martin by 5.0% during the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock valued at $1,941,000 after acquiring an additional 191 shares in the last quarter. Toronto Dominion Bank boosted its position in Lockheed Martin by 74.6% during the 4th quarter. Toronto Dominion Bank now owns 183,943 shares of the aerospace company’s stock valued at $89,386,000 after acquiring an additional 78,568 shares in the last quarter. Strategic Wealth Partners Ltd. boosted its position in Lockheed Martin by 12.4% during the 4th quarter. Strategic Wealth Partners Ltd. now owns 1,332 shares of the aerospace company’s stock valued at $647,000 after acquiring an additional 147 shares in the last quarter. State of Wyoming boosted its position in Lockheed Martin by 93.9% during the 4th quarter. State of Wyoming now owns 1,113 shares of the aerospace company’s stock valued at $541,000 after acquiring an additional 539 shares in the last quarter. Finally, Tidal Investments LLC boosted its position in Lockheed Martin by 204.6% during the 4th quarter. Tidal Investments LLC now owns 78,833 shares of the aerospace company’s stock valued at $38,308,000 after acquiring an additional 52,955 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Analysts Set New Price Targets

LMT has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their target price on Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 23rd. Robert W. Baird dropped their target price on Lockheed Martin from $540.00 to $500.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 23rd. TD Cowen reaffirmed a “hold” rating and set a $480.00 target price (down previously from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. UBS Group decreased their price objective on Lockheed Martin from $498.00 to $453.00 and set a “neutral” rating for the company in a report on Wednesday, July 23rd. Finally, Sanford C. Bernstein set a $551.00 price objective on Lockheed Martin and gave the company a “market perform” rating in a report on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $494.00.

Lockheed Martin Stock Performance

NYSE LMT opened at $471.10 on Monday. The stock has a 50-day simple moving average of $446.39 and a two-hundred day simple moving average of $458.41. The firm has a market capitalization of $109.98 billion, a P/E ratio of 26.53, a PEG ratio of 1.66 and a beta of 0.26. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $618.95. 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 (NYSE:LMT) last posted its 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. 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 analysts’ expectations of $18.59 billion. During the same period last year, the firm earned $7.11 EPS. 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. On average, equities analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

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

Lockheed Martin Company 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.