GPS Wealth Strategies Group LLC Sells 5,168 Shares of Lockheed Martin Corporation $LMT

GPS Wealth Strategies Group LLC cut its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 86.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 802 shares of the aerospace company’s stock after selling 5,168 shares during the quarter. GPS Wealth Strategies Group LLC’s holdings in Lockheed Martin were worth $388,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Oppenheimer & Co. Inc. increased its stake in Lockheed Martin by 9.3% during the third quarter. Oppenheimer & Co. Inc. now owns 39,410 shares of the aerospace company’s stock worth $19,674,000 after acquiring an additional 3,352 shares during the last quarter. Welch Group LLC raised its holdings in Lockheed Martin by 1.5% during the 4th quarter. Welch Group LLC now owns 132,684 shares of the aerospace company’s stock valued at $64,175,000 after buying an additional 1,999 shares during the period. Jain Global LLC purchased a new stake in Lockheed Martin during the 3rd quarter valued at $38,064,000. Atlantic Union Bankshares Corp raised its holdings in Lockheed Martin by 182.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 37,014 shares of the aerospace company’s stock valued at $18,478,000 after buying an additional 23,888 shares during the period. Finally, Clough Capital Partners L P purchased a new stake in Lockheed Martin during the 3rd quarter valued at $31,018,000. 74.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on LMT shares. Truist Financial increased their price target on Lockheed Martin from $605.00 to $695.00 and gave the company a “buy” rating in a report on Friday, January 30th. Sanford C. Bernstein decreased their price target on Lockheed Martin from $661.00 to $614.00 and set a “market perform” rating on the stock in a report on Monday, May 18th. Citigroup reduced their target price on Lockheed Martin from $675.00 to $571.00 and set a “neutral” rating on the stock in a research note on Monday, May 18th. Jefferies Financial Group reiterated a “hold” rating and issued a $595.00 target price on shares of Lockheed Martin in a research note on Sunday, April 26th. Finally, DZ Bank upgraded Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Lockheed Martin presently has a consensus rating of “Hold” and an average target price of $620.68.

Lockheed Martin Stock Performance

LMT stock opened at $533.57 on Friday. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $692.00. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 2.74. The business’s fifty day simple moving average is $577.71 and its two-hundred day simple moving average is $556.03. The firm has a market cap of $123.02 billion, a price-to-earnings ratio of 25.84, a PEG ratio of 0.95 and a beta of 0.10.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.79 by ($0.35). Lockheed Martin had a return on equity of 101.64% and a net margin of 6.38%.The firm had revenue of $18.02 billion for the quarter, compared to the consensus estimate of $18.38 billion. During the same period in the previous year, the company posted $7.28 EPS. Lockheed Martin’s quarterly revenue was up .3% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Analysts predict that Lockheed Martin Corporation will post 29.88 earnings per share for the current year.

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Monday, June 1st will be given a dividend of $3.45 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.6%. Lockheed Martin’s dividend payout ratio is presently 66.83%.

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.