Greystone Financial Group LLC Sells 1,589 Shares of Lockheed Martin Corporation $LMT

Greystone Financial Group LLC reduced its stake in Lockheed Martin Corporation (NYSE:LMT) by 5.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 27,257 shares of the aerospace company’s stock after selling 1,589 shares during the period. Lockheed Martin accounts for 2.1% of Greystone Financial Group LLC’s holdings, making the stock its 16th largest holding. Greystone Financial Group LLC’s holdings in Lockheed Martin were worth $13,607,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of LMT. Investment Research & Advisory Group Inc. grew its stake in Lockheed Martin by 3.9% in the 3rd quarter. Investment Research & Advisory Group Inc. now owns 6,007 shares of the aerospace company’s stock valued at $3,001,000 after buying an additional 226 shares during the last quarter. Daymark Wealth Partners LLC lifted its position in Lockheed Martin by 8.0% during the third quarter. Daymark Wealth Partners LLC now owns 9,714 shares of the aerospace company’s stock worth $4,849,000 after acquiring an additional 722 shares during the last quarter. GoalVest Advisory LLC boosted its holdings in shares of Lockheed Martin by 8.7% during the third quarter. GoalVest Advisory LLC now owns 3,774 shares of the aerospace company’s stock worth $1,884,000 after acquiring an additional 302 shares during the period. Semus Wealth Partners LLC grew its position in shares of Lockheed Martin by 37.6% in the third quarter. Semus Wealth Partners LLC now owns 1,148 shares of the aerospace company’s stock valued at $573,000 after purchasing an additional 314 shares during the last quarter. Finally, Sandy Cove Advisors LLC acquired a new position in shares of Lockheed Martin in the third quarter valued at approximately $206,000. 74.19% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

LMT has been the subject of several research reports. Truist Financial lifted their price target on Lockheed Martin from $440.00 to $500.00 and gave the stock a “hold” rating in a report on Wednesday, October 15th. The Goldman Sachs Group lifted their target price on Lockheed Martin from $398.00 to $425.00 and gave the stock a “sell” rating in a report on Friday, October 10th. BNP Paribas raised shares of Lockheed Martin to a “strong-buy” rating in a research report on Tuesday, November 18th. Wall Street Zen lowered shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 13th. Finally, Citigroup initiated coverage on shares of Lockheed Martin in a research note on Thursday, December 11th. They issued a “neutral” rating and a $505.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, eighteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Lockheed Martin has a consensus rating of “Hold” and an average price target of $506.67.

Lockheed Martin Stock Performance

LMT opened at $496.77 on Monday. 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 Corporation has a 52-week low of $410.11 and a 52-week high of $516.00. The firm has a market cap of $114.95 billion, a P/E ratio of 27.74, a price-to-earnings-growth ratio of 1.41 and a beta of 0.24. The business’s fifty day moving average is $470.79 and its 200-day moving average is $466.29.

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

Lockheed Martin Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 1st were given a dividend of $3.45 per share. The ex-dividend date was Monday, December 1st. This represents a $13.80 annualized dividend and a dividend yield of 2.8%. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s dividend payout ratio (DPR) is 77.05%.

Insider Transactions at Lockheed Martin

In other Lockheed Martin news, COO John Frank A. St sold 7,792 shares of the business’s stock in a transaction that occurred 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 transaction, the chief operating officer directly owned 1 shares in the company, valued at $491.04. The trade was a 99.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is owned by company insiders.

About Lockheed Martin

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.