Lockheed Martin Corporation $LMT Shares Sold by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. decreased its stake in Lockheed Martin Corporation (NYSE:LMT) by 73.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 630 shares of the aerospace company’s stock after selling 1,710 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Lockheed Martin were worth $321,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LMT. IAG Wealth Partners LLC raised its position in shares of Lockheed Martin by 4,800.0% in the 1st quarter. IAG Wealth Partners LLC now owns 49 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 48 shares during the period. Burnham & Co LLC acquired a new position in Lockheed Martin during the second quarter valued at approximately $25,000. Basso Capital Management L.P. acquired a new position in Lockheed Martin during the fourth quarter valued at approximately $25,000. Field & Main Bank acquired a new position in Lockheed Martin during the second quarter valued at approximately $26,000. Finally, TD Capital Management LLC increased its stake in Lockheed Martin by 450.0% in the fourth quarter. TD Capital Management LLC now owns 55 shares of the aerospace company’s stock valued at $27,000 after purchasing an additional 45 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Wells Fargo & Company set a $600.00 target price on shares of Lockheed Martin in a report on Monday, July 27th. Rothschild & Co Redburn began coverage on shares of Lockheed Martin in a research report on Tuesday, October 6th. They set a “buy” rating and a $650.00 price target on the stock. TD Cowen decreased their price target on shares of Lockheed Martin from $600.00 to $570.00 and set a “hold” rating for the company in a report on Friday, October 9th. Royal Bank Of Canada boosted their price target on shares of Lockheed Martin from $575.00 to $600.00 and gave the company a “sector perform” rating in a report on Friday, July 24th. Finally, Morgan Stanley upped their price objective on shares of Lockheed Martin from $653.00 to $690.00 and gave the company an “equal weight” rating in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Lockheed Martin presently has an average rating of “Moderate Buy” and an average price target of $630.48.

Lockheed Martin Stock Up 3.2%

NYSE LMT traded up $15.93 during trading hours on Wednesday, reaching $519.95. 701,444 shares of the company’s stock were exchanged, compared to its average volume of 1,436,846. 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 has a market capitalization of $120.00 billion, a price-to-earnings ratio of 19.16, a price-to-earnings-growth ratio of 1.11 and a beta of 0.09. The company’s 50-day moving average is $544.68 and its two-hundred day moving average is $545.11. Lockheed Martin Corporation has a one year low of $437.25 and a one year high of $692.00.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results 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 net margin of 8.16% and a return on equity of 91.42%. The company had revenue of $20.06 billion during the quarter, compared to analysts’ expectations of $19.34 billion. During the same quarter in the prior year, the company earned $1.46 earnings per share. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. On average, analysts forecast that Lockheed Martin Corporation will post 30.44 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 1st will be paid a $3.60 dividend. This represents a $14.40 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Tuesday, December 1st. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.45. Lockheed Martin’s dividend payout ratio (DPR) is currently 50.87%.

Lockheed Martin Profile

Lockheed Martin Corporation is a global aerospace, defense and technology company headquartered in Bethesda, Maryland. The company develops and produces advanced systems for government and commercial customers, with the U.S. Department of Defense and other U.S. government agencies representing its primary customers.

Its principal activities include the design and manufacture of military aircraft, missiles, air and missile defense systems, radar and sensor technologies, naval and rotary-wing systems, satellites, space exploration systems, and cybersecurity and information technology solutions.