Lockheed Martin Corporation $LMT Shares Sold by Nebula Research & Development LLC

Nebula Research & Development LLC reduced its position in Lockheed Martin Corporation (NYSE:LMT) by 21.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,466 shares of the aerospace company’s stock after selling 1,770 shares during the quarter. Nebula Research & Development LLC’s holdings in Lockheed Martin were worth $2,995,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Tyler Stone Wealth Management boosted its position in Lockheed Martin by 3.3% during the first quarter. Tyler Stone Wealth Management now owns 684 shares of the aerospace company’s stock worth $306,000 after acquiring an additional 22 shares during the last quarter. Investment Advisory Services Inc. TX ADV boosted its holdings in shares of 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 purchasing an additional 22 shares during the last quarter. Broadway Wealth Solutions Inc. grew its position in shares of Lockheed Martin by 4.5% in the second quarter. Broadway Wealth Solutions Inc. now owns 511 shares of the aerospace company’s stock valued at $237,000 after purchasing an additional 22 shares in the last quarter. Davis Investment Partners LLC increased its holdings in shares of Lockheed Martin by 2.0% in the second quarter. Davis Investment Partners LLC now owns 1,168 shares of the aerospace company’s stock valued at $544,000 after purchasing an additional 23 shares during the last quarter. Finally, Aaron Wealth Advisors LLC lifted its position in 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 buying an additional 23 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $468.47 on Thursday. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.97 and a current ratio of 1.13. The firm has a market cap of $108.40 billion, a P/E ratio of 26.16, a P/E/G ratio of 1.35 and a beta of 0.24. The firm’s 50 day moving average price is $477.02 and its 200-day moving average price is $465.55. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $516.00.

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 analysts’ consensus estimates of $6.33 by $0.62. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.The company had revenue of $18.61 billion for the quarter, compared to analyst estimates of $18.45 billion. During the same quarter in the previous year, the company earned $6.84 earnings per share. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. As a group, equities research analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be paid a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a yield of 2.9%. 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. Lockheed Martin’s dividend payout ratio is currently 77.05%.

Wall Street Analyst Weigh In

LMT has been the subject of several analyst reports. Truist Financial upped their target price on Lockheed Martin from $440.00 to $500.00 and gave the company a “hold” rating in a report on Wednesday, October 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Lockheed Martin in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft set a $519.00 price objective on shares of Lockheed Martin and gave the stock a “hold” rating in a research report on Wednesday, October 8th. The Goldman Sachs Group increased their price target on shares of Lockheed Martin from $398.00 to $425.00 and gave the company a “sell” rating in a research note on Friday, October 10th. Finally, Susquehanna raised their price target on shares of Lockheed Martin from $490.00 to $590.00 and gave the stock a “positive” rating in a report on Thursday, October 9th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, fifteen have assigned a Hold rating and one has assigned 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 $515.50.

Insiders Place Their Bets

In other Lockheed Martin news, COO John Frank A. St sold 7,792 shares of Lockheed Martin stock in a transaction dated 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 transaction, the chief operating officer directly 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 legal filing with the SEC, which is available through this link. 0.14% of the stock is currently owned by corporate insiders.

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.