Lockheed Martin Corporation $LMT Shares Sold by Smith Chas P & Associates PA Cpas

Smith Chas P & Associates PA Cpas lessened its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 3.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 88,040 shares of the aerospace company’s stock after selling 2,881 shares during the period. Lockheed Martin accounts for about 2.2% of Smith Chas P & Associates PA Cpas’ investment portfolio, making the stock its 19th biggest holding. Smith Chas P & Associates PA Cpas’ holdings in Lockheed Martin were worth $44,853,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Davis R M Inc. increased its position in Lockheed Martin by 1.3% in the 4th quarter. Davis R M Inc. now owns 1,264 shares of the aerospace company’s stock valued at $612,000 after acquiring an additional 16 shares during the period. Aspire Growth Partners LLC raised its stake in Lockheed Martin by 0.7% during the 4th quarter. Aspire Growth Partners LLC now owns 2,515 shares of the aerospace company’s stock valued at $1,217,000 after acquiring an additional 17 shares in the last quarter. Insigneo Advisory Services LLC boosted its position in Lockheed Martin by 0.6% during the 4th quarter. Insigneo Advisory Services LLC now owns 2,884 shares of the aerospace company’s stock worth $1,395,000 after acquiring an additional 17 shares during the period. Sandy Cove Advisors LLC boosted its position in Lockheed Martin by 4.4% during the 4th quarter. Sandy Cove Advisors LLC now owns 430 shares of the aerospace company’s stock worth $208,000 after acquiring an additional 18 shares during the period. Finally, Stonebridge Financial Group LLC MO grew its stake in shares of Lockheed Martin by 2.8% in the first quarter. Stonebridge Financial Group LLC MO now owns 658 shares of the aerospace company’s stock worth $397,000 after purchasing an additional 18 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Price Performance

Shares of LMT stock traded down $5.72 during mid-day trading on Friday, hitting $524.40. 986,560 shares of the stock traded hands, compared to its average volume of 1,480,927. Lockheed Martin Corporation has a twelve month low of $437.25 and a twelve month high of $692.00. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.01 and a current ratio of 1.19. The company’s 50-day simple moving average is $556.35 and its 200-day simple moving average is $566.15. The firm has a market cap of $121.03 billion, a price-to-earnings ratio of 19.33, a price-to-earnings-growth ratio of 1.14 and a beta of 0.10.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share for the quarter, beating the consensus estimate of $7.22 by $0.72. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The business had revenue of $20.06 billion during the quarter, compared to analyst estimates of $19.34 billion. During the same quarter in the prior year, the firm posted $1.46 earnings per share. The company’s revenue was up 10.5% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. As a group, equities research analysts expect that Lockheed Martin Corporation will post 30.39 earnings per share for the current year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st will be given a dividend of $3.45 per share. The ex-dividend date is Tuesday, September 1st. This represents a $13.80 annualized dividend and a dividend yield of 2.6%. Lockheed Martin’s dividend payout ratio (DPR) is 50.87%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on LMT. Robert W. Baird set a $700.00 price target on Lockheed Martin in a report on Friday, July 24th. Royal Bank Of Canada upped their price objective on shares of Lockheed Martin from $575.00 to $600.00 and gave the stock a “sector perform” rating in a report on Friday, July 24th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Lockheed Martin in a research report on Friday, May 29th. Weiss Ratings raised shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. Finally, Jefferies Financial Group restated a “hold” rating on shares of Lockheed Martin in a research report on Wednesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Lockheed Martin has an average rating of “Hold” and an average target price of $637.56.

About Lockheed Martin

Lockheed Martin Corporation is a global aerospace, defense and technology company that develops and produces systems for government and commercial customers, with the U.S. Department of Defense serving as its largest customer. Its principal business areas include Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.

The company’s products and services include military aircraft such as the F-35 Lightning II, F-16 and C-130; air and missile defense systems; precision weapons; helicopters and maritime systems; radar, sensors and command-and-control technologies; satellites; space exploration systems; and missile-warning and strategic defense capabilities.

Lockheed Martin was created in 1995 through the merger of Lockheed Corporation and Martin Marietta.