Lockheed Martin Corporation $LMT Shares Sold by Ipswich Investment Management Co. Inc.

Ipswich Investment Management Co. Inc. decreased its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 81.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 530 shares of the aerospace company’s stock after selling 2,360 shares during the period. Ipswich Investment Management Co. Inc.’s holdings in Lockheed Martin were worth $265,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Lockheed Martin by 1.0% during the second quarter. Vanguard Group Inc. now owns 21,697,527 shares of the aerospace company’s stock worth $10,048,993,000 after acquiring an additional 214,565 shares during the last quarter. Geode Capital Management LLC grew its stake in Lockheed Martin by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 4,884,954 shares of the aerospace company’s stock valued at $2,256,147,000 after purchasing an additional 19,459 shares in the last quarter. Royal Bank of Canada increased its holdings in Lockheed Martin by 1.4% during the 1st quarter. Royal Bank of Canada now owns 2,287,495 shares of the aerospace company’s stock worth $1,021,846,000 after purchasing an additional 31,443 shares during the last quarter. Legal & General Group Plc increased its holdings in Lockheed Martin by 0.6% during the 2nd quarter. Legal & General Group Plc now owns 959,510 shares of the aerospace company’s stock worth $444,387,000 after purchasing an additional 6,073 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Lockheed Martin by 6.9% in the 2nd quarter. AQR Capital Management LLC now owns 863,839 shares of the aerospace company’s stock valued at $400,079,000 after purchasing an additional 55,607 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Lockheed Martin news, COO John Frank A. St sold 7,792 shares of the 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 sale, the chief operating officer directly owned 1 shares of the company’s stock, valued at $491.04. This trade represents a 99.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on LMT. The Goldman Sachs Group raised their price target on shares of Lockheed Martin from $398.00 to $425.00 and gave the stock a “sell” rating in a research report on Friday, October 10th. Citigroup began coverage on shares of Lockheed Martin in a report on Thursday, December 11th. They set a “neutral” rating and a $505.00 price objective for the company. UBS Group dropped their target price on shares of Lockheed Martin from $514.00 to $513.00 and set a “neutral” rating for the company in a research report on Wednesday, October 22nd. BNP Paribas raised shares of Lockheed Martin to a “strong-buy” rating in a research report on Tuesday, November 18th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Lockheed Martin from $517.00 to $492.00 and set a “hold” rating for the company in a research note on Wednesday, December 10th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, seventeen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $503.89.

Lockheed Martin Trading Down 0.4%

NYSE LMT opened at $474.93 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. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $516.00. The company has a 50-day simple moving average of $473.96 and a 200-day simple moving average of $465.69. The firm has a market capitalization of $109.90 billion, a PE ratio of 26.52, a price-to-earnings-growth ratio of 1.44 and a beta of 0.24.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.33 by $0.62. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The firm had revenue of $18.61 billion for the quarter, compared to analysts’ expectations of $18.45 billion. During the same quarter last year, the company posted $6.84 earnings per share. Lockheed Martin’s revenue was up 8.8% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. On average, equities 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 disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be given a dividend of $3.45 per share. The ex-dividend date is Monday, December 1st. This represents a $13.80 dividend on an annualized basis and a yield of 2.9%. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s payout ratio is presently 77.05%.

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.