Transform Wealth LLC Sells 30 Shares of Lockheed Martin Co. (NYSE:LMT)

Posted by on Jun 26th, 2023

Transform Wealth LLC decreased its holdings in shares of Lockheed Martin Co. (NYSE:LMT – Get Rating) by 3.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 980 shares of the aerospace company’s stock after selling 30 shares during the period. Transform Wealth LLC’s holdings in Lockheed Martin were worth $463,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in LMT. Grey Fox Wealth Advisors LLC bought a new stake in Lockheed Martin during the fourth quarter valued at $27,000. Okabena Investment Services Inc. bought a new stake in Lockheed Martin during the fourth quarter worth about $28,000. Mendota Financial Group LLC bought a new stake in Lockheed Martin during the fourth quarter worth about $29,000. Coppell Advisory Solutions Corp. bought a new stake in Lockheed Martin during the fourth quarter worth about $31,000. Finally, NewSquare Capital LLC bought a new stake in Lockheed Martin during the fourth quarter worth about $36,000. Institutional investors own 75.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on LMT shares. Robert W. Baird lowered Lockheed Martin from an “outperform” rating to a “neutral” rating and set a $513.00 price target for the company. in a research note on Wednesday, April 12th. Credit Suisse Group lifted their price objective on Lockheed Martin from $510.00 to $550.00 and gave the stock an “outperform” rating in a report on Wednesday, April 19th. JPMorgan Chase & Co. lifted their price objective on Lockheed Martin from $480.00 to $500.00 and gave the stock a “neutral” rating in a report on Wednesday, April 19th. Sanford C. Bernstein boosted their price target on Lockheed Martin from $478.00 to $496.00 and gave the company a “market perform” rating in a report on Thursday, April 20th. Finally, Citigroup boosted their price target on Lockheed Martin from $546.00 to $579.00 and gave the company a “buy” rating in a report on Wednesday, April 19th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Lockheed Martin presently has an average rating of “Hold” and an average price target of $494.79.

Insider Transactions at Lockheed Martin

In related news, Director John Donovan purchased 506 shares of the company’s stock in a transaction dated Wednesday, April 19th. The shares were purchased at an average cost of $495.17 per share, with a total value of $250,556.02. Following the transaction, the director now directly owns 2,830 shares in the company, valued at approximately $1,401,331.10. The purchase was disclosed in a document filed with the SEC, which is available through this link. In other Lockheed Martin news, Director John Donovan acquired 506 shares of the stock in a transaction that occurred on Wednesday, April 19th. The shares were acquired at an average cost of $495.17 per share, with a total value of $250,556.02. Following the transaction, the director now owns 2,830 shares of the company’s stock, valued at approximately $1,401,331.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Stephanie C. Hill sold 2,391 shares of the company’s stock in a transaction that occurred on Thursday, April 20th. The shares were sold at an average price of $490.84, for a total value of $1,173,598.44. Following the completion of the transaction, the executive vice president now directly owns 12,604 shares in the company, valued at $6,186,547.36. The disclosure for this sale can be found here. Insiders own 0.17% of the company’s stock.

Lockheed Martin Stock Down 0.9 %

LMT stock opened at $459.36 on Monday. Lockheed Martin Co. has a fifty-two week low of $373.67 and a fifty-two week high of $508.10. The business’s 50 day moving average price is $460.10 and its two-hundred day moving average price is $469.12. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.10 and a current ratio of 1.30. The company has a market capitalization of $116.33 billion, a price-to-earnings ratio of 20.99, a price-to-earnings-growth ratio of 2.79 and a beta of 0.67.

Lockheed Martin (NYSE:LMT – Get Rating) last issued its quarterly earnings results on Tuesday, April 18th. The aerospace company reported $6.43 EPS for the quarter, topping analysts’ consensus estimates of $6.08 by $0.35. Lockheed Martin had a return on equity of 67.75% and a net margin of 8.60%. The firm had revenue of $15.13 billion for the quarter, compared to analysts’ expectations of $15.01 billion. During the same period in the previous year, the firm posted $6.44 EPS. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. As a group, analysts forecast that Lockheed Martin Co. will post 26.76 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 1st will be given a $3.00 dividend. The ex-dividend date is Thursday, August 31st. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.61%. Lockheed Martin’s dividend payout ratio is currently 54.84%.

Lockheed Martin Profile

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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. It operates through four segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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