Marietta Wealth Management LLC Has $479,000 Stock Position in Lockheed Martin Corporation $LMT

Marietta Wealth Management LLC lessened its holdings in Lockheed Martin Corporation (NYSE:LMT) by 92.3% during the third quarter, HoldingsChannel reports. The fund owned 960 shares of the aerospace company’s stock after selling 11,581 shares during the quarter. Marietta Wealth Management LLC’s holdings in Lockheed Martin were worth $479,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Lockheed Martin by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 21,697,527 shares of the aerospace company’s stock worth $10,048,993,000 after purchasing an additional 214,565 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Lockheed Martin by 0.4% during the second quarter. Geode Capital Management LLC now owns 4,884,954 shares of the aerospace company’s stock valued at $2,256,147,000 after buying an additional 19,459 shares during the last quarter. Legal & General Group Plc grew its holdings in Lockheed Martin by 0.6% during the second quarter. Legal & General Group Plc now owns 959,510 shares of the aerospace company’s stock worth $444,387,000 after buying an additional 6,073 shares in the last quarter. AQR Capital Management LLC grew its holdings in Lockheed Martin by 6.9% during the second quarter. AQR Capital Management LLC now owns 863,839 shares of the aerospace company’s stock worth $400,079,000 after buying an additional 55,607 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in Lockheed Martin by 16.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 761,382 shares of the aerospace company’s stock valued at $347,381,000 after buying an additional 108,553 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Insider Activity

In other news, COO John Frank A. St sold 7,792 shares of Lockheed Martin 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. This trade represents a 99.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Lockheed Martin from $517.00 to $492.00 and set a “hold” rating on the stock in a report on Wednesday, December 10th. BNP Paribas upgraded shares of Lockheed Martin to a “strong-buy” rating in a report on Tuesday, November 18th. Susquehanna increased their price objective on shares of Lockheed Martin from $490.00 to $590.00 and gave the company a “positive” rating in a research note on Thursday, October 9th. UBS Group cut 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. Finally, Robert W. Baird increased their price target on Lockheed Martin from $500.00 to $550.00 and gave the company an “outperform” rating in a research report on Monday, October 6th. 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $506.67.

Lockheed Martin Stock Performance

NYSE LMT opened at $488.04 on Wednesday. The company’s 50 day simple moving average is $470.71 and its two-hundred day simple moving average is $465.94. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.13 and a quick ratio of 0.97. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $516.00. The stock has a market capitalization of $112.93 billion, a PE ratio of 27.25, a P/E/G ratio of 1.47 and a beta of 0.24.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $18.45 billion. During the same period in the previous year, the business earned $6.84 EPS. The business’s revenue for the quarter was up 8.8% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. Analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st were issued a $3.45 dividend. This represents a $13.80 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, December 1st. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s payout ratio is 77.05%.

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.