LRT Capital Management LLC Sells 1,841 Shares of Lockheed Martin Corporation $LMT

LRT Capital Management LLC trimmed its holdings in Lockheed Martin Corporation (NYSE:LMT) by 36.0% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 3,274 shares of the aerospace company’s stock after selling 1,841 shares during the quarter. Lockheed Martin comprises approximately 1.4% of LRT Capital Management LLC’s portfolio, making the stock its 28th biggest position. LRT Capital Management LLC’s holdings in Lockheed Martin were worth $1,584,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of LMT. Morgan Stanley increased its holdings in Lockheed Martin by 10.1% in the 4th quarter. Morgan Stanley now owns 5,728,551 shares of the aerospace company’s stock worth $2,770,729,000 after buying an additional 527,523 shares in the last quarter. Sanders Capital LLC bought a new stake in shares of Lockheed Martin during the 3rd quarter valued at about $252,699,000. First Trust Advisors LP grew its stake in shares of Lockheed Martin by 286.1% during the 3rd quarter. First Trust Advisors LP now owns 503,428 shares of the aerospace company’s stock valued at $251,316,000 after purchasing an additional 373,027 shares during the period. Canoe Financial LP bought a new stake in shares of Lockheed Martin during the 4th quarter valued at about $166,403,000. Finally, Jacobs Levy Equity Management Inc. grew its stake in shares of Lockheed Martin by 261.8% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 454,354 shares of the aerospace company’s stock valued at $219,757,000 after purchasing an additional 328,767 shares during the period. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Down 1.6%

LMT stock opened at $539.94 on Friday. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $692.00. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 2.74. The stock has a market cap of $124.49 billion, a P/E ratio of 26.15, a PEG ratio of 0.98 and a beta of 0.10. The business’s 50-day moving average price is $548.13 and its 200-day moving average price is $562.41.

Lockheed Martin (NYSE:LMT) last posted 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 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 analysts’ expectations of $18.38 billion. During the same period in the prior year, the firm posted $7.28 earnings per share. The firm’s revenue for the quarter 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 research analysts forecast that Lockheed Martin Corporation will post 29.88 EPS for the current year.

Lockheed Martin Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on LMT shares. Sanford C. Bernstein restated a “market perform” rating on shares of Lockheed Martin in a research note on Friday, May 29th. Argus boosted their price target on Lockheed Martin from $530.00 to $735.00 and gave the company a “buy” rating in a research note on Friday, March 6th. BNP Paribas Exane cut 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. Morgan Stanley cut their price target on Lockheed Martin from $675.00 to $653.00 and set an “equal weight” rating for the company in a research note on Friday, April 24th. Finally, Wall Street Zen downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Lockheed Martin currently has an average rating of “Hold” and a consensus price target of $620.68.

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.