Morgan Dempsey Capital Management LLC Lowers Position in Lockheed Martin Corporation $LMT

Morgan Dempsey Capital Management LLC lessened its stake in Lockheed Martin Corporation (NYSE:LMT) by 0.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,051 shares of the aerospace company’s stock after selling 101 shares during the quarter. Lockheed Martin makes up about 2.9% of Morgan Dempsey Capital Management LLC’s investment portfolio, making the stock its 13th largest position. Morgan Dempsey Capital Management LLC’s holdings in Lockheed Martin were worth $6,971,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of LMT. TruNorth Capital Management LLC purchased a new position in shares of Lockheed Martin in the first quarter worth $31,000. Frazier Financial Advisors LLC bought a new stake in Lockheed Martin in the second quarter worth $34,000. EQ Wealth Advisors LLC bought a new stake in Lockheed Martin in the first quarter worth $43,000. GFG Capital LLC bought a new stake in Lockheed Martin in the second quarter worth $43,000. Finally, Bernard Wealth Management Corp. increased 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 Trading Up 0.4%

LMT stock opened at $495.24 on Friday. 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 Corporation has a twelve month low of $410.11 and a twelve month high of $618.95. The stock has a market capitalization of $115.62 billion, a price-to-earnings ratio of 27.89, a price-to-earnings-growth ratio of 1.74 and a beta of 0.28. The firm’s fifty day simple moving average is $471.93 and its two-hundred day simple moving average is $464.78.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, beating analysts’ consensus estimates of $6.57 by $0.72. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The business had revenue of $18.16 billion for the quarter, compared to analysts’ expectations of $18.59 billion. During the same quarter in the previous year, the business posted $7.11 earnings per share. The business’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. As a group, analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st will be issued a $3.45 dividend. The ex-dividend date is Monday, December 1st. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.8%. Lockheed Martin’s dividend payout ratio (DPR) is currently 77.70%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Morgan Stanley boosted their price target on shares of Lockheed Martin from $530.00 to $630.00 and gave the stock an “overweight” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft set a $519.00 price target on shares of Lockheed Martin and gave the stock a “hold” rating in a research report on Wednesday, October 8th. Alembic Global Advisors upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a research report on Thursday, August 28th. Weiss Ratings restated a “hold (c)” rating on shares of Lockheed Martin in a research report on Wednesday, October 8th. Finally, Vertical Research restated a “hold” rating and issued a $460.00 price target on shares of Lockheed Martin in a research report on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Lockheed Martin currently has a consensus rating of “Hold” and a consensus price target of $510.29.

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.