Wellington Shields Capital Management LLC Sells 400 Shares of Lockheed Martin Corporation $LMT

Wellington Shields Capital Management LLC decreased its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 9.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,721 shares of the aerospace company’s stock after selling 400 shares during the period. Wellington Shields Capital Management LLC’s holdings in Lockheed Martin were worth $1,724,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Brighton Jones LLC grew its stake in Lockheed Martin by 5.0% in the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock worth $1,941,000 after purchasing an additional 191 shares during the period. Silver Oak Securities Incorporated boosted its holdings in shares of Lockheed Martin by 10.4% during the 1st quarter. Silver Oak Securities Incorporated now owns 1,273 shares of the aerospace company’s stock valued at $562,000 after buying an additional 120 shares in the last quarter. IFM Investors Pty Ltd grew its position in shares of Lockheed Martin by 12.6% in the 1st quarter. IFM Investors Pty Ltd now owns 8,053 shares of the aerospace company’s stock worth $3,597,000 after buying an additional 899 shares during the period. World Investment Advisors lifted its holdings in shares of Lockheed Martin by 0.3% during the first quarter. World Investment Advisors now owns 8,610 shares of the aerospace company’s stock valued at $3,846,000 after purchasing an additional 29 shares during the last quarter. Finally, Concurrent Investment Advisors LLC boosted its position in shares of Lockheed Martin by 15.9% in the 1st quarter. Concurrent Investment Advisors LLC now owns 14,367 shares of the aerospace company’s stock worth $6,418,000 after purchasing an additional 1,971 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Bank of America dropped their target price on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating on the stock in a report on Thursday, August 21st. Deutsche Bank Aktiengesellschaft set a $519.00 price target on shares of Lockheed Martin and gave the stock a “hold” rating in a research note on Wednesday, October 8th. Royal Bank Of Canada raised their price objective on shares of Lockheed Martin from $440.00 to $525.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 7th. Truist Financial lifted their target price on shares of Lockheed Martin from $440.00 to $500.00 and gave the stock a “hold” rating in a report on Wednesday, October 15th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Lockheed Martin in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Lockheed Martin currently has an average rating of “Hold” and an average price target of $513.47.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $492.04 on Monday. The firm has a market capitalization of $113.86 billion, a PE ratio of 27.47, a P/E/G ratio of 1.69 and a beta of 0.28. The company has a 50 day moving average price of $481.90 and a 200-day moving average price of $467.14. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $576.43. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 3.32.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, topping analysts’ consensus estimates of $6.33 by $0.62. The business had revenue of $18.61 billion during the quarter, compared to the consensus estimate of $18.45 billion. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The firm’s revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.84 EPS. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. As a group, equities research analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current 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 given a $3.45 dividend. The ex-dividend date of this dividend is Monday, December 1st. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. This represents a $13.80 annualized dividend and a yield of 2.8%. Lockheed Martin’s payout ratio is 77.05%.

Insider Buying and Selling

In other Lockheed Martin news, COO John Frank A. St sold 7,792 shares of the stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $491.04, for a total value of $3,826,183.68. Following the transaction, the chief operating officer directly owned 1 shares in the company, valued at approximately $491.04. This trade represents a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

About Lockheed Martin

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.