Thrivent Financial for Lutherans Trims Position in Lockheed Martin Corporation $LMT

Thrivent Financial for Lutherans lowered its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 64.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,988 shares of the aerospace company’s stock after selling 46,163 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Lockheed Martin were worth $11,539,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Investment Advisory Services Inc. TX ADV lifted its position in Lockheed Martin by 4.7% during the 2nd quarter. Investment Advisory Services Inc. TX ADV now owns 486 shares of the aerospace company’s stock worth $225,000 after acquiring an additional 22 shares during the period. Broadway Wealth Solutions Inc. raised its stake in shares of Lockheed Martin by 4.5% during the second quarter. Broadway Wealth Solutions Inc. now owns 511 shares of the aerospace company’s stock worth $237,000 after purchasing an additional 22 shares during the last quarter. Davis Investment Partners LLC lifted its holdings in shares of Lockheed Martin by 2.0% during the second quarter. Davis Investment Partners LLC now owns 1,168 shares of the aerospace company’s stock worth $544,000 after purchasing an additional 23 shares during the period. Aaron Wealth Advisors LLC lifted its holdings in shares of Lockheed Martin by 1.1% during the second quarter. Aaron Wealth Advisors LLC now owns 2,125 shares of the aerospace company’s stock worth $984,000 after purchasing an additional 23 shares during the period. Finally, Pachira Investments Inc. grew its position in Lockheed Martin by 0.5% in the 2nd quarter. Pachira Investments Inc. now owns 4,838 shares of the aerospace company’s stock valued at $2,241,000 after buying an additional 23 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Trading Down 0.4%

Shares of LMT opened at $474.93 on Thursday. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 3.32. The firm’s 50-day moving average is $473.96 and its two-hundred day moving average is $465.69. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $516.00. The firm has a market capitalization of $109.90 billion, a P/E ratio of 26.52, a PEG ratio of 1.44 and a beta of 0.24.

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

Lockheed Martin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be issued a $3.45 dividend. This represents a $13.80 annualized dividend and a yield of 2.9%. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. The ex-dividend date of this dividend is Monday, December 1st. Lockheed Martin’s dividend payout ratio is currently 77.05%.

Insider Buying and Selling at Lockheed Martin

In other news, COO John Frank A. St sold 7,792 shares of Lockheed Martin 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 completion of 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 filing with the SEC, which is available through this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Alembic Global Advisors upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a research report on Thursday, August 28th. The Goldman Sachs Group boosted their price target on shares of Lockheed Martin from $398.00 to $425.00 and gave the stock a “sell” rating in a research note on Friday, October 10th. BNP Paribas Exane started coverage on shares of Lockheed Martin in a research report on Tuesday, November 18th. They issued an “outperform” rating and a $550.00 price objective for the company. Bank of America lowered their price objective on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating on the stock in a report on Thursday, August 21st. Finally, Morgan Stanley reissued an “equal weight” rating and set a $543.00 target price (down from $630.00) on shares of Lockheed Martin in a research note on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, seventeen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $503.89.

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.