Tufton Capital Management Decreases Position in Lockheed Martin Corporation $LMT

Tufton Capital Management cut its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 4.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,000 shares of the aerospace company’s stock after selling 854 shares during the period. Lockheed Martin accounts for about 1.7% of Tufton Capital Management’s portfolio, making the stock its 21st biggest position. Tufton Capital Management’s holdings in Lockheed Martin were worth $8,799,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. NewSquare Capital LLC raised its position in Lockheed Martin by 153.2% during the second quarter. NewSquare Capital LLC now owns 119 shares of the aerospace company’s stock valued at $55,000 after purchasing an additional 72 shares during the period. Freestone Capital Holdings LLC raised its position in Lockheed Martin by 2.3% during the second quarter. Freestone Capital Holdings LLC now owns 13,594 shares of the aerospace company’s stock valued at $6,296,000 after purchasing an additional 307 shares during the period. Machina Capital S.A.S. raised its position in Lockheed Martin by 97.2% during the second quarter. Machina Capital S.A.S. now owns 10,325 shares of the aerospace company’s stock valued at $4,782,000 after purchasing an additional 5,090 shares during the period. Westside Investment Management Inc. raised its position in Lockheed Martin by 1.8% during the second quarter. Westside Investment Management Inc. now owns 1,489 shares of the aerospace company’s stock valued at $691,000 after purchasing an additional 26 shares during the period. Finally, Texas Bank & Trust Co raised its position in Lockheed Martin by 2.7% during the second quarter. Texas Bank & Trust Co now owns 2,756 shares of the aerospace company’s stock valued at $1,276,000 after purchasing an additional 72 shares during the period. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Trading Down 0.8%

LMT opened at $487.91 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 3.32. The company has a market capitalization of $112.90 billion, a P/E ratio of 27.24, a PEG ratio of 1.69 and a beta of 0.28. The stock’s fifty day moving average is $482.70 and its two-hundred day moving average is $467.31. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $576.43.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.33 by $0.62. The business had revenue of $18.61 billion for the quarter, compared to analysts’ expectations of $18.45 billion. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.The business’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter last year, the firm earned $6.84 EPS. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. Analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Increases Dividend

The business 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 dividend of $3.45 per share. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. The ex-dividend date of this dividend is Monday, December 1st. This represents a $13.80 annualized dividend and a yield of 2.8%. Lockheed Martin’s payout ratio is 77.05%.

Analyst Upgrades and Downgrades

LMT has been the topic of several recent analyst reports. Truist Financial increased their price target on Lockheed Martin from $440.00 to $500.00 and gave the stock a “hold” rating in a report on Wednesday, October 15th. Wall Street Zen upgraded Lockheed Martin from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Vertical Research reiterated a “hold” rating and issued a $460.00 price target on shares of Lockheed Martin in a report on Tuesday, July 22nd. Sanford C. Bernstein increased their price target on Lockheed Martin from $497.00 to $545.00 and gave the stock a “market perform” rating in a report on Monday, October 20th. Finally, TD Cowen reiterated a “hold” rating and issued a $480.00 price target (down from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $513.47.

Insider Transactions at Lockheed Martin

In other news, COO John Frank A. St sold 7,792 shares of the firm’s stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $491.04, for a total value of $3,826,183.68. Following the completion of the sale, the chief operating officer owned 1 shares of the company’s stock, valued at $491.04. This trade represents a 99.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.14% of the company’s stock.

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.