Wolff Financial Management LLC Sells 276 Shares of Lockheed Martin Corporation $LMT

Wolff Financial Management LLC lessened its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 21.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 986 shares of the aerospace company’s stock after selling 276 shares during the period. Wolff Financial Management LLC’s holdings in Lockheed Martin were worth $457,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. TruNorth Capital Management LLC bought a new stake in shares of Lockheed Martin during the 1st quarter worth approximately $31,000. Heck Capital Advisors LLC bought a new stake in shares of Lockheed Martin during the 4th quarter worth approximately $35,000. EQ Wealth Advisors LLC bought a new stake in shares of Lockheed Martin during the 1st quarter worth approximately $43,000. Ritter Daniher Financial Advisory LLC DE bought a new stake in shares of Lockheed Martin during the 1st quarter worth approximately $45,000. Finally, McIlrath & Eck LLC lifted its holdings in shares of Lockheed Martin by 161.0% during the 1st quarter. McIlrath & Eck LLC now owns 107 shares of the aerospace company’s stock worth $48,000 after acquiring an additional 66 shares during the period. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Up 0.2%

LMT opened at $474.09 on Wednesday. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $618.95. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47. The company has a fifty day moving average of $446.69 and a 200-day moving average of $458.68. The stock has a market cap of $110.68 billion, a PE ratio of 26.69, a price-to-earnings-growth ratio of 1.66 and a beta of 0.26.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, topping analysts’ consensus estimates of $6.57 by $0.72. The business had revenue of $18.16 billion during the quarter, compared to analysts’ expectations of $18.59 billion. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same period last year, the company posted $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. On average, sell-side analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be issued a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin’s dividend payout ratio (DPR) is presently 74.32%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on LMT. Sanford C. Bernstein set a $551.00 target price on shares of Lockheed Martin and gave the stock a “market perform” rating in a research note on Monday, July 14th. Truist Financial cut shares of Lockheed Martin from a “buy” rating to a “hold” rating and decreased their target price for the stock from $554.00 to $440.00 in a research note on Wednesday, July 23rd. UBS Group decreased their target price on shares of Lockheed Martin from $498.00 to $453.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 23rd. Royal Bank Of Canada decreased their target price on shares of Lockheed Martin from $480.00 to $440.00 and set a “sector perform” rating on the stock in a research note on Wednesday, July 23rd. Finally, Vertical Research reaffirmed a “hold” rating and set a $460.00 target price on shares of Lockheed Martin in a research note on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $494.00.

About Lockheed Martin

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.