Lockheed Martin Corporation $LMT Shares Sold by Grant Private Wealth Management Inc

Grant Private Wealth Management Inc trimmed its position in Lockheed Martin Corporation (NYSE:LMT) by 87.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 612 shares of the aerospace company’s stock after selling 4,385 shares during the period. Grant Private Wealth Management Inc’s holdings in Lockheed Martin were worth $306,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LMT. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Lockheed Martin in the second quarter valued at $28,000. Twin Peaks Wealth Advisors LLC acquired a new position in Lockheed Martin during the second quarter worth about $29,000. Frazier Financial Advisors LLC bought a new stake in Lockheed Martin in the second quarter worth about $34,000. MTM Investment Management LLC acquired a new stake in Lockheed Martin in the 2nd quarter valued at about $36,000. Finally, Kilter Group LLC bought a new position in shares of Lockheed Martin during the 2nd quarter valued at about $40,000. 74.19% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Lockheed Martin news, COO John Frank A. St sold 7,792 shares of Lockheed Martin stock in a transaction dated 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 owned 1 shares of the company’s stock, valued at $491.04. The trade was a 99.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.14% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on LMT. The Goldman Sachs Group boosted their target price on shares of Lockheed Martin from $398.00 to $425.00 and gave the stock a “sell” rating in a report on Friday, October 10th. Wall Street Zen lowered shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Citigroup initiated coverage on Lockheed Martin in a research report on Thursday, December 11th. They set a “neutral” rating and a $505.00 price objective for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Lockheed Martin in a research note on Wednesday, October 8th. Finally, Robert W. Baird boosted their target price on Lockheed Martin from $500.00 to $550.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, seventeen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $503.89.

Lockheed Martin Trading Down 1.5%

Lockheed Martin stock opened at $477.08 on Wednesday. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $516.00. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.97 and a current ratio of 1.13. The firm has a market capitalization of $110.40 billion, a price-to-earnings ratio of 26.64, a P/E/G ratio of 1.46 and a beta of 0.24. The company has a 50 day moving average price of $474.74 and a 200 day moving average price of $465.62.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.33 by $0.62. The company 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%.The company’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.84 earnings per share. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. Research analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be given a dividend of $3.45 per share. This represents a $13.80 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Monday, December 1st. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s dividend payout ratio 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.