Intellectus Partners LLC Lowers Stock Holdings in Lockheed Martin Corporation $LMT

Intellectus Partners LLC lowered its holdings in Lockheed Martin Corporation (NYSE:LMT) by 2.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,444 shares of the aerospace company’s stock after selling 169 shares during the period. Lockheed Martin accounts for 0.7% of Intellectus Partners LLC’s investment portfolio, making the stock its 26th biggest position. Intellectus Partners LLC’s holdings in Lockheed Martin were worth $3,448,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in LMT. Mid American Wealth Advisory Group Inc. purchased a new position in shares of Lockheed Martin during the 2nd quarter worth about $28,000. TruNorth Capital Management LLC purchased a new stake in Lockheed Martin in the first quarter valued at approximately $31,000. Frazier Financial Advisors LLC acquired a new position in Lockheed Martin during the second quarter worth approximately $34,000. GFG Capital LLC purchased a new position in Lockheed Martin during the second quarter worth approximately $43,000. Finally, Bernard Wealth Management Corp. raised its stake 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 purchasing an additional 68 shares during the period. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lockheed Martin

In related news, COO John Frank A. St sold 7,792 shares of the firm’s stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $491.04, for a total transaction of $3,826,183.68. Following the completion of the sale, the chief operating officer directly owned 1 shares of the company’s stock, valued at approximately $491.04. This trade represents a 99.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.14% of the company’s stock.

Lockheed Martin Price Performance

Shares of NYSE LMT opened at $492.04 on Monday. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.13 and a quick ratio of 0.97. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $576.43. The company has a market capitalization of $113.86 billion, a price-to-earnings ratio of 27.47, a PEG ratio of 1.69 and a beta of 0.28. The business has a 50-day moving average of $481.90 and a 200-day moving average of $467.14.

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

Lockheed Martin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st will be paid a $3.45 dividend. This represents a $13.80 annualized dividend and a dividend yield of 2.8%. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. The ex-dividend date is Monday, December 1st. Lockheed Martin’s payout ratio is currently 77.05%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Morgan Stanley boosted their price objective on shares of Lockheed Martin from $530.00 to $630.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. UBS Group lowered their price target on Lockheed Martin from $514.00 to $513.00 and set a “neutral” rating for the company in a research report on Wednesday, October 22nd. Robert W. Baird raised their price objective on Lockheed Martin from $500.00 to $550.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. Truist Financial lifted their price objective on Lockheed Martin from $440.00 to $500.00 and gave the company a “hold” rating in a research note on Wednesday, October 15th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Lockheed Martin in a research report on Wednesday, October 8th. One equities research 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, the stock 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.