Lockheed Martin Corporation $LMT Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. reduced its stake in Lockheed Martin Corporation (NYSE:LMT) by 3.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,756 shares of the aerospace company’s stock after selling 353 shares during the quarter. Hantz Financial Services Inc.’s holdings in Lockheed Martin were worth $4,055,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in LMT. Brighton Jones LLC grew its holdings in shares of Lockheed Martin by 5.0% during the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock worth $1,941,000 after buying an additional 191 shares in the last quarter. Vontobel Holding Ltd. boosted its position in Lockheed Martin by 106.4% during the first quarter. Vontobel Holding Ltd. now owns 7,642 shares of the aerospace company’s stock worth $3,414,000 after acquiring an additional 3,940 shares during the last quarter. Clear Creek Financial Management LLC grew its stake in Lockheed Martin by 27.0% in the 1st quarter. Clear Creek Financial Management LLC now owns 569 shares of the aerospace company’s stock worth $254,000 after acquiring an additional 121 shares during the period. Strategic Financial Concepts LLC raised its holdings in Lockheed Martin by 12.1% in the 1st quarter. Strategic Financial Concepts LLC now owns 537 shares of the aerospace company’s stock valued at $240,000 after acquiring an additional 58 shares during the last quarter. Finally, Revisor Wealth Management LLC purchased a new position in shares of Lockheed Martin during the 1st quarter worth $227,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on LMT. JPMorgan Chase & Co. decreased their price objective on Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating on the stock in a report on Wednesday, July 23rd. Robert W. Baird lifted their price target on Lockheed Martin from $500.00 to $550.00 and gave the company an “outperform” rating in a report on Monday, October 6th. Wall Street Zen upgraded Lockheed Martin from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Weiss Ratings reissued a “hold (c)” rating on shares of Lockheed Martin in a research report on Wednesday, October 8th. Finally, TD Cowen reaffirmed a “hold” rating and set a $480.00 price target (down previously from $500.00) on shares of Lockheed Martin in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $513.47.

Insider Transactions 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 stock was sold at an average price of $491.04, for a total transaction of $3,826,183.68. Following 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 document filed with the SEC, which is available through this hyperlink. 0.14% of the stock is owned by company insiders.

Lockheed Martin Stock Up 0.5%

Shares of Lockheed Martin stock opened at $492.04 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 3.32. The firm has a market cap of $113.86 billion, a P/E ratio of 27.47, a P/E/G ratio of 1.69 and a beta of 0.28. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $576.43. The business has a 50-day moving average price of $481.90 and a 200 day moving average price of $467.23.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share for the quarter, beating the consensus estimate of $6.33 by $0.62. The firm had revenue of $18.61 billion during 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 quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the company earned $6.84 earnings per share. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. On average, sell-side analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be paid a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a 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 dividend payout ratio (DPR) is 77.05%.

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.