Capital Market Strategies LLC Trims Position in Lockheed Martin Corporation $LMT

by · The Cerbat Gem

Capital Market Strategies LLC lessened its holdings in shares of Lockheed Martin Corporation (NYSE:LMT – Free Report) by 3.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,486 shares of the aerospace company’s stock after selling 60 shares during the quarter. Capital Market Strategies LLC’s holdings in Lockheed Martin were worth $688,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in LMT. Brighton Jones LLC lifted its stake in shares of Lockheed Martin by 5.0% during the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock worth $1,941,000 after purchasing an additional 191 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Lockheed Martin by 82.3% during the 4th quarter. Janus Henderson Group PLC now owns 28,621 shares of the aerospace company’s stock worth $13,908,000 after purchasing an additional 12,924 shares during the period. Nomura Holdings Inc. lifted its stake in shares of Lockheed Martin by 129.7% during the 4th quarter. Nomura Holdings Inc. now owns 10,359 shares of the aerospace company’s stock worth $5,034,000 after purchasing an additional 5,849 shares during the period. Pathstone Holdings LLC lifted its stake in shares of Lockheed Martin by 2.6% during the 4th quarter. Pathstone Holdings LLC now owns 26,469 shares of the aerospace company’s stock worth $12,863,000 after purchasing an additional 675 shares during the period. Finally, ProShare Advisors LLC lifted its stake in shares of Lockheed Martin by 8.3% during the 4th quarter. ProShare Advisors LLC now owns 33,281 shares of the aerospace company’s stock worth $16,173,000 after purchasing an additional 2,546 shares during the period. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

LMT has been the subject of a number of research analyst reports. Sanford C. Bernstein set a $551.00 price objective on Lockheed Martin and gave the stock a “market perform” rating in a report on Monday, July 14th. TD Cowen restated a “hold” rating and set a $480.00 price objective (down from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. Robert W. Baird dropped their price objective on Lockheed Martin from $540.00 to $500.00 and set an “outperform” rating for the company in a report on Wednesday, July 23rd. Susquehanna dropped their price objective on Lockheed Martin from $550.00 to $490.00 and set a “positive” rating for the company in a report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. dropped their price objective on Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating for the company in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and fourteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $494.00.

Read Our Latest Analysis on Lockheed Martin

Lockheed Martin Stock Up 0.1%

Shares of NYSE LMT opened at $471.10 on Friday. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $618.95. The company has a market cap of $109.98 billion, a P/E ratio of 26.53, a P/E/G ratio of 1.66 and a beta of 0.26. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47. The stock has a fifty day moving average price of $446.39 and a 200 day moving average price of $458.21.

Lockheed Martin (NYSE:LMT – Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.57 by $0.72. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The firm had revenue of $18.16 billion during the quarter, compared to the consensus estimate of $18.59 billion. During the same period in the prior year, the firm earned $7.11 EPS. The firm’s quarterly revenue was up .2% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Research analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be issued a $3.30 dividend. This represents a $13.20 annualized dividend and a yield of 2.8%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin’s dividend payout ratio is currently 74.32%.

Lockheed Martin Company Profile

(Free Report)

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.

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