Lockheed Martin Corporation $LMT Shares Sold by Total Wealth Planning & Management Inc.

Total Wealth Planning & Management Inc. cut its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 2.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,641 shares of the aerospace company’s stock after selling 37 shares during the period. Total Wealth Planning & Management Inc.’s holdings in Lockheed Martin were worth $760,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. TruNorth Capital Management LLC acquired a new stake in Lockheed Martin during the first quarter valued at approximately $31,000. EQ Wealth Advisors LLC acquired a new stake in Lockheed Martin during the first quarter valued at approximately $43,000. GFG Capital LLC acquired a new stake in Lockheed Martin during the second quarter valued at approximately $43,000. Ritter Daniher Financial Advisory LLC DE acquired a new stake in Lockheed Martin during the first quarter valued at approximately $45,000. Finally, McIlrath & Eck LLC lifted its stake in Lockheed Martin by 161.0% during the first quarter. McIlrath & Eck LLC now owns 107 shares of the aerospace company’s stock valued at $48,000 after purchasing an additional 66 shares during the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LMT has been the subject of several research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Lockheed Martin in a research report on Wednesday. Susquehanna upped their price target on shares of Lockheed Martin from $490.00 to $590.00 and gave the company a “positive” rating in a research report on Thursday. Cowen downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Thursday, July 10th. Royal Bank Of Canada reduced 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 research report on Wednesday, July 23rd. Finally, Robert W. Baird upped their price target on shares of Lockheed Martin from $500.00 to $550.00 and gave the company an “outperform” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fifteen have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $503.13.

Lockheed Martin Stock Performance

Shares of LMT opened at $507.51 on Friday. The company’s fifty day moving average is $463.21 and its 200-day moving average is $462.39. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $618.95. The firm has a market cap of $118.49 billion, a price-to-earnings ratio of 28.58, a price-to-earnings-growth ratio of 1.81 and a beta of 0.28. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results 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 company had revenue of $18.16 billion for the quarter, compared to analyst estimates of $18.59 billion. During the same quarter in the prior year, the business posted $7.11 EPS. Lockheed Martin’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. Equities analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st will be paid a dividend of $3.45 per share. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. The ex-dividend date is Monday, December 1st. This represents a $13.80 annualized dividend and a dividend yield of 2.7%. Lockheed Martin’s dividend payout ratio (DPR) is currently 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.