Hsbc Holdings PLC Lowers Stake in Lockheed Martin Corporation $LMT

Hsbc Holdings PLC cut its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 14.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 139,986 shares of the aerospace company’s stock after selling 22,861 shares during the quarter. Hsbc Holdings PLC owned about 0.06% of Lockheed Martin worth $67,869,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. United Financial Planning Group LLC purchased a new position in Lockheed Martin in the third quarter valued at approximately $25,000. Basso Capital Management L.P. purchased a new stake in Lockheed Martin during the fourth quarter worth approximately $25,000. Clarity Asset Management Inc. purchased a new stake in Lockheed Martin during the fourth quarter worth approximately $26,000. TD Capital Management LLC increased its position in shares of Lockheed Martin by 450.0% in the fourth quarter. TD Capital Management LLC now owns 55 shares of the aerospace company’s stock worth $27,000 after acquiring an additional 45 shares in the last quarter. Finally, Triumph Capital Management increased its position in shares of Lockheed Martin by 66.7% in the fourth quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 22 shares in the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on LMT. Sanford C. Bernstein restated a “market perform” rating on shares of Lockheed Martin in a report on Friday, May 29th. Jefferies Financial Group reiterated a “hold” rating and issued a $595.00 price target on shares of Lockheed Martin in a report on Sunday, April 26th. Royal Bank Of Canada cut their price objective on Lockheed Martin from $650.00 to $575.00 and set a “sector perform” rating on the stock in a research report on Friday, April 24th. Morgan Stanley reduced their price objective on Lockheed Martin from $675.00 to $653.00 and set an “equal weight” rating on the stock in a research note on Friday, April 24th. Finally, DZ Bank upgraded Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $620.68.

Lockheed Martin Trading Down 3.4%

NYSE LMT opened at $493.68 on Tuesday. The company’s fifty day simple moving average is $535.17 and its 200-day simple moving average is $566.10. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $692.00. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 2.74. The stock has a market cap of $113.82 billion, a P/E ratio of 23.91, a PEG ratio of 0.93 and a beta of 0.10.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share 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 net margin of 6.38% and a return on equity of 101.64%. Lockheed Martin’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter last year, the company posted $7.28 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Equities research analysts predict that Lockheed Martin Corporation will post 29.88 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Monday, June 1st will be given a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Monday, June 1st. Lockheed Martin’s dividend payout ratio is presently 66.83%.

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.