LM Advisors LLC Sells 930 Shares of Lockheed Martin Corporation $LMT

LM Advisors LLC reduced its stake in Lockheed Martin Corporation (NYSE:LMT) by 50.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 930 shares of the aerospace company’s stock after selling 930 shares during the quarter. LM Advisors LLC’s holdings in Lockheed Martin were worth $450,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in LMT. United Financial Planning Group LLC bought a new stake in shares of Lockheed Martin in the third quarter valued at approximately $25,000. Clarity Asset Management Inc. bought a new stake in shares of Lockheed Martin in the fourth quarter valued at approximately $26,000. Triumph Capital Management boosted its stake 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 valued at $26,000 after buying an additional 22 shares during the period. Bard Associates Inc. bought a new stake in shares of Lockheed Martin in the fourth quarter valued at approximately $27,000. Finally, Tucker Asset Management LLC bought a new stake in Lockheed Martin during the fourth quarter worth $32,000. 74.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on LMT. BNP Paribas Exane cut their target price 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. JPMorgan Chase & Co. cut their target price on Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. Jefferies Financial Group restated a “hold” rating and set a $595.00 target price on shares of Lockheed Martin in a research note on Sunday, April 26th. Citigroup cut their target price on Lockheed Martin from $675.00 to $571.00 and set a “neutral” rating for the company in a research note on Monday, May 18th. Finally, Wells Fargo & Company began coverage on Lockheed Martin in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $650.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $620.68.

Lockheed Martin Stock Down 1.6%

Shares of NYSE:LMT opened at $539.94 on Friday. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $692.00. The company has a market capitalization of $124.49 billion, a PE ratio of 26.15, a price-to-earnings-growth ratio of 0.98 and a beta of 0.10. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.94 and a current ratio of 1.14. The company has a fifty day moving average of $548.13 and a 200-day moving average of $562.41.

Lockheed Martin (NYSE:LMT) last announced its quarterly 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 net margin of 6.38% and a return on equity of 101.64%. The firm 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 company posted $7.28 earnings per share. The firm’s revenue was up .3% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. On average, equities analysts predict that Lockheed Martin Corporation will post 29.88 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Monday, June 1st will be paid a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Monday, June 1st. Lockheed Martin’s dividend payout ratio is presently 66.83%.

About Lockheed Martin

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.