Sfmg LLC Decreases Position in Lockheed Martin Corporation $LMT

Sfmg LLC trimmed its holdings in Lockheed Martin Corporation (NYSE:LMT) by 16.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,153 shares of the aerospace company’s stock after selling 220 shares during the quarter. Sfmg LLC’s holdings in Lockheed Martin were worth $534,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Entropy Technologies LP boosted its position in Lockheed Martin by 410.2% during the first quarter. Entropy Technologies LP now owns 17,626 shares of the aerospace company’s stock worth $7,874,000 after purchasing an additional 14,171 shares in the last quarter. PTM Wealth Management LLC acquired a new position in shares of Lockheed Martin during the 1st quarter worth $377,000. Empowered Funds LLC boosted its position in shares of Lockheed Martin by 21.2% in the 1st quarter. Empowered Funds LLC now owns 40,380 shares of the aerospace company’s stock worth $18,038,000 after buying an additional 7,052 shares in the last quarter. Laffer Tengler Investments Inc. grew its stake in Lockheed Martin by 482.6% in the 2nd quarter. Laffer Tengler Investments Inc. now owns 6,979 shares of the aerospace company’s stock valued at $3,232,000 after acquiring an additional 5,781 shares during the last quarter. Finally, Modera Wealth Management LLC grew its stake in Lockheed Martin by 3.1% in the 2nd quarter. Modera Wealth Management LLC now owns 32,333 shares of the aerospace company’s stock valued at $14,975,000 after acquiring an additional 971 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on LMT shares. Royal Bank Of Canada upped their price target on shares of Lockheed Martin from $440.00 to $525.00 and gave the company a “sector perform” rating in a report on Tuesday, October 7th. UBS Group reduced their target price on Lockheed Martin from $514.00 to $513.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 22nd. Robert W. Baird increased their target price on Lockheed Martin from $500.00 to $550.00 and gave the company an “outperform” rating in a report on Monday, October 6th. Truist Financial boosted 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. Finally, Alembic Global Advisors raised Lockheed Martin from a “neutral” rating to an “overweight” rating in a research note on Thursday, August 28th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $513.47.

Lockheed Martin Trading Down 1.7%

NYSE LMT opened at $460.15 on Friday. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $546.00. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.13 and a quick ratio of 0.97. The company has a 50-day moving average of $484.68 and a 200-day moving average of $466.89. The company has a market cap of $106.48 billion, a P/E ratio of 25.69, a P/E/G ratio of 1.69 and a beta of 0.25.

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

Lockheed Martin Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st will be issued a $3.45 dividend. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. The ex-dividend date is Monday, December 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 3.0%. Lockheed Martin’s dividend payout ratio (DPR) is 77.05%.

Insider Buying and Selling at Lockheed Martin

In other news, COO John Frank A. St sold 7,792 shares of the business’s stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $491.04, for a total transaction of $3,826,183.68. Following the completion of the sale, the chief operating officer owned 1 shares in the company, valued at approximately $491.04. The trade was a 99.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.14% of the stock is owned by corporate insiders.

Lockheed Martin 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.