Wescott Financial Advisory Group LLC Sells 180 Shares of Lockheed Martin Co. (NYSE:LMT)

04 Apr 2025, 10:48 by Renee Jackson · The Cerbat Gem

Wescott Financial Advisory Group LLC lessened its position in Lockheed Martin Co. (NYSE:LMT – Free Report) by 6.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,432 shares of the aerospace company’s stock after selling 180 shares during the period. Wescott Financial Advisory Group LLC’s holdings in Lockheed Martin were worth $1,182,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Proficio Capital Partners LLC lifted its stake in Lockheed Martin by 53,784.3% in the 4th quarter. Proficio Capital Partners LLC now owns 1,235,568 shares of the aerospace company’s stock valued at $600,412,000 after purchasing an additional 1,233,275 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Lockheed Martin by 17.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,471,071 shares of the aerospace company’s stock valued at $3,630,492,000 after buying an additional 1,132,461 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of Lockheed Martin by 1,239.6% during the 4th quarter. Van ECK Associates Corp now owns 548,237 shares of the aerospace company’s stock worth $266,410,000 after acquiring an additional 507,312 shares during the period. Wellington Management Group LLP boosted its stake in shares of Lockheed Martin by 8.5% during the 3rd quarter. Wellington Management Group LLP now owns 3,074,855 shares of the aerospace company’s stock worth $1,797,437,000 after acquiring an additional 240,306 shares during the period. Finally, Strategic Financial Concepts LLC acquired a new position in shares of Lockheed Martin during the 4th quarter worth approximately $77,376,000. Institutional investors own 74.19% of the company’s stock.

Insider Activity at Lockheed Martin

In related news, VP Harry Edward Paul III sold 707 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total transaction of $312,925.27. Following the sale, the vice president now owns 2,278 shares in the company, valued at $1,008,265.58. The trade was a 23.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $442.42, for a total value of $1,421,495.46. Following the completion of the transaction, the insider now owns 2,000 shares of the company’s stock, valued at $884,840. This represents a 61.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,133 shares of company stock valued at $3,155,916 in the last quarter. Insiders own 0.17% of the company’s stock.

Lockheed Martin Stock Up 0.3 %

Shares of LMT opened at $454.08 on Friday. The firm has a 50 day simple moving average of $452.66 and a two-hundred day simple moving average of $507.43. The company has a market cap of $106.52 billion, a P/E ratio of 20.40, a P/E/G ratio of 2.07 and a beta of 0.39. Lockheed Martin Co. has a one year low of $419.70 and a one year high of $618.95. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95.

Lockheed Martin (NYSE:LMT – Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, topping the consensus estimate of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. Research analysts forecast that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 3rd were issued a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend was Monday, March 3rd. Lockheed Martin’s dividend payout ratio (DPR) is presently 59.30%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Royal Bank of Canada cut shares of Lockheed Martin from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $550.00 to $480.00 in a research report on Thursday, March 27th. Truist Financial started coverage on shares of Lockheed Martin in a research note on Tuesday, January 14th. They set a “buy” rating and a $579.00 target price for the company. Wells Fargo & Company reiterated an “equal weight” rating on shares of Lockheed Martin in a research note on Monday, March 10th. Melius downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Monday, March 24th. Finally, Melius Research downgraded Lockheed Martin from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 24th. One analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $539.53.

Get Our Latest Stock Report on Lockheed Martin

Lockheed Martin 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.