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

GPS Wealth Strategies Group LLC lowered its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 86.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in LMT. United Financial Planning Group LLC acquired a new stake in Lockheed Martin in the third quarter worth about $25,000. Grey Fox Wealth Advisors LLC acquired a new stake in Lockheed Martin in the third quarter worth about $27,000. Tucker Asset Management LLC acquired a new stake in Lockheed Martin in the fourth quarter worth about $32,000. Beacon Financial Strategies CORP acquired a new stake in Lockheed Martin in the fourth quarter worth about $34,000. Finally, Pilgrim Partners Asia Pte Ltd acquired a new stake in Lockheed Martin in the third quarter worth about $35,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Up 2.1%

Shares of NYSE:LMT opened at $533.57 on Friday. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $692.00. The stock 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. 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 has a 50-day moving average price of $577.71 and a 200-day moving average price of $556.03.

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

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Monday, June 1st will be given a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a yield of 2.6%. The ex-dividend date is Monday, June 1st. Lockheed Martin’s dividend payout ratio (DPR) is currently 66.83%.

Wall Street Analyst Weigh In

LMT has been the subject of several recent analyst reports. JPMorgan Chase & Co. lowered their price target on Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft lowered their price target on Lockheed Martin from $615.00 to $575.00 and set a “hold” rating for the company in a report on Friday, April 24th. Wall Street Zen downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. DZ Bank upgraded Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. Finally, The Goldman Sachs Group raised their price objective on Lockheed Martin from $464.00 to $517.00 and gave the stock a “sell” rating in a research note on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $620.68.

Lockheed Martin Company Profile

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.