Plimoth Trust Co. LLC Sells 1,063 Shares of Lockheed Martin Corporation $LMT

Plimoth Trust Co. LLC trimmed its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 19.1% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 4,514 shares of the aerospace company’s stock after selling 1,063 shares during the period. Plimoth Trust Co. LLC’s holdings in Lockheed Martin were worth $2,253,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Old North State Wealth Management LLC lifted its stake in shares of Lockheed Martin by 2.0% in the 3rd quarter. Old North State Wealth Management LLC now owns 1,073 shares of the aerospace company’s stock valued at $539,000 after purchasing an additional 21 shares during the period. Investment Advisory Services Inc. TX ADV raised its holdings in Lockheed Martin by 4.7% in the second 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 in the last quarter. Broadway Wealth Solutions Inc. raised its holdings in Lockheed Martin by 4.5% in the second quarter. Broadway Wealth Solutions Inc. now owns 511 shares of the aerospace company’s stock worth $237,000 after purchasing an additional 22 shares in the last quarter. Davis Investment Partners LLC lifted its position in Lockheed Martin by 2.0% during the second quarter. Davis Investment Partners LLC now owns 1,168 shares of the aerospace company’s stock valued at $544,000 after buying an additional 23 shares during the period. Finally, Aaron Wealth Advisors LLC boosted its holdings in shares of Lockheed Martin by 1.1% during the 2nd quarter. Aaron Wealth Advisors LLC now owns 2,125 shares of the aerospace company’s stock valued at $984,000 after buying an additional 23 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Price Performance

Shares of NYSE:LMT opened at $483.14 on Monday. The firm’s 50 day moving average price is $471.07 and its 200-day moving average price is $465.78. The stock has a market capitalization of $111.80 billion, a PE ratio of 26.98, a price-to-earnings-growth ratio of 1.46 and a beta of 0.24. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $516.00. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 3.32.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, topping 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 analysts’ expectations of $18.45 billion. During the same period last year, the firm earned $6.84 EPS. Lockheed Martin’s revenue for the quarter 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. Equities research analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be given a $3.45 dividend. The ex-dividend date is Monday, December 1st. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.30. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.9%. Lockheed Martin’s dividend payout ratio (DPR) is currently 77.05%.

Insiders Place Their Bets

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 completion of the sale, the chief operating officer owned 1 shares in the company, valued at approximately $491.04. This represents a 99.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Sanford C. Bernstein increased their price target on shares of Lockheed Martin from $497.00 to $545.00 and gave the stock a “market perform” rating in a research note on Monday, October 20th. BNP Paribas Exane started coverage on shares of Lockheed Martin in a report on Tuesday, November 18th. They issued an “outperform” rating and a $550.00 price objective on the stock. BNP Paribas upgraded shares of Lockheed Martin to a “strong-buy” rating in a report on Tuesday, November 18th. Robert W. Baird upped their price target on Lockheed Martin from $500.00 to $550.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. Finally, The Goldman Sachs Group raised their price objective on Lockheed Martin from $398.00 to $425.00 and gave the company a “sell” rating in a research report on Friday, October 10th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, eighteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Lockheed Martin currently has a consensus rating of “Hold” and an average target price of $506.67.

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.