Lockheed Martin Corporation $LMT Shares Sold by Pathway Financial Advisers LLC

Pathway Financial Advisers LLC decreased its holdings in Lockheed Martin Corporation (NYSE:LMT) by 40.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,363 shares of the aerospace company’s stock after selling 4,362 shares during the quarter. Lockheed Martin accounts for approximately 1.1% of Pathway Financial Advisers LLC’s holdings, making the stock its 29th largest position. Pathway Financial Advisers LLC’s holdings in Lockheed Martin were worth $3,846,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Basso Capital Management L.P. acquired a new stake in Lockheed Martin in the fourth quarter worth about $25,000. United Financial Planning Group LLC acquired a new position in Lockheed Martin during the 3rd quarter valued at about $25,000. Clarity Asset Management Inc. bought a new stake in shares of Lockheed Martin during the 4th quarter worth about $26,000. Triumph Capital Management raised its position in shares of Lockheed Martin by 66.7% during the 4th quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock worth $26,000 after buying an additional 22 shares in the last quarter. Finally, Bard Associates Inc. acquired a new stake in shares of Lockheed Martin in the 4th quarter worth approximately $27,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LMT has been the subject of several recent analyst reports. Royal Bank Of Canada decreased their price objective on shares of Lockheed Martin from $650.00 to $575.00 and set a “sector perform” rating for the company in a report on Friday, April 24th. Sanford C. Bernstein restated a “market perform” rating on shares of Lockheed Martin in a research report on Friday, May 29th. Susquehanna cut their target price on Lockheed Martin from $740.00 to $700.00 and set a “positive” rating for the company in a research report on Friday, April 24th. BNP Paribas Exane decreased their price target on Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating for the company in a research note on Friday, April 24th. Finally, Jefferies Financial Group set a $575.00 price target on Lockheed Martin in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $619.63.

Lockheed Martin Stock Performance

NYSE:LMT opened at $502.53 on Tuesday. The company has a 50-day moving average of $524.08 and a 200-day moving average of $567.73. The firm has a market cap of $115.86 billion, a price-to-earnings ratio of 24.34, a price-to-earnings-growth ratio of 0.92 and a beta of 0.10. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 2.74. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $692.00.

Lockheed Martin (NYSE:LMT) last released its earnings results on Thursday, April 23rd. The aerospace company reported $6.44 EPS for the quarter, missing analysts’ consensus estimates of $6.79 by ($0.35). Lockheed Martin had a return on equity of 101.64% and a net margin of 6.38%.The business had revenue of $18.02 billion during the quarter, compared to the consensus estimate of $18.38 billion. During the same quarter in the previous year, the firm earned $7.28 earnings per share. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Analysts forecast that Lockheed Martin Corporation will post 29.88 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 1st were issued a $3.45 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $13.80 annualized dividend and a dividend yield of 2.7%. Lockheed Martin’s dividend payout ratio is currently 66.83%.

Lockheed Martin 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.