Lockheed Martin Corporation $LMT Shares Sold by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC lessened its stake in Lockheed Martin Corporation (NYSE:LMT) by 52.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,561 shares of the aerospace company’s stock after selling 1,747 shares during the quarter. Impact Partnership Wealth LLC’s holdings in Lockheed Martin were worth $723,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Mid American Wealth Advisory Group Inc. purchased a new stake in shares of Lockheed Martin in the 2nd quarter worth about $28,000. TruNorth Capital Management LLC acquired a new position in shares of Lockheed Martin during the 1st quarter worth approximately $31,000. Frazier Financial Advisors LLC purchased a new stake in Lockheed Martin in the 2nd quarter valued at approximately $34,000. GFG Capital LLC acquired a new stake in Lockheed Martin during the 2nd quarter valued at $43,000. Finally, Bernard Wealth Management Corp. increased its position in Lockheed Martin by 251.9% during the second quarter. Bernard Wealth Management Corp. now owns 95 shares of the aerospace company’s stock worth $44,000 after buying an additional 68 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Lockheed Martin news, COO John Frank A. St sold 7,792 shares of the firm’s stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $491.04, for a total value of $3,826,183.68. Following the completion of the transaction, the chief operating officer directly owned 1 shares in the company, valued at $491.04. This trade represents a 99.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.14% of the company’s stock.

Lockheed Martin Price Performance

Shares of LMT opened at $485.21 on Thursday. The firm has a market capitalization of $112.28 billion, a price-to-earnings ratio of 27.09, a price-to-earnings-growth ratio of 1.69 and a beta of 0.28. The stock’s fifty day moving average is $480.12 and its 200-day moving average is $466.96. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $576.43. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.97 and a current ratio of 1.13.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, beating analysts’ consensus estimates of $6.33 by $0.62. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The business had revenue of $18.61 billion for the quarter, compared to analyst estimates of $18.45 billion. During the same quarter last year, the business earned $6.84 earnings per share. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. Equities analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be paid a $3.45 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $13.80 dividend on an annualized basis and a yield of 2.8%. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s dividend payout ratio (DPR) is 73.70%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on LMT. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lockheed Martin in a research note on Wednesday, October 8th. Cowen lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Thursday, July 10th. Vertical Research restated a “hold” rating and issued a $460.00 price objective on shares of Lockheed Martin in a report on Tuesday, July 22nd. Wall Street Zen raised Lockheed Martin from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating for the company in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Lockheed Martin presently has an average rating of “Hold” and a consensus price target of $513.47.

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.