Fiduciary Alliance LLC Sells 5,715 Shares of Lockheed Martin Corporation $LMT

Fiduciary Alliance LLC lessened its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 36.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,786 shares of the aerospace company’s stock after selling 5,715 shares during the period. Fiduciary Alliance LLC’s holdings in Lockheed Martin were worth $4,885,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in LMT. Investment Advisory Services Inc. TX ADV lifted its stake in Lockheed Martin by 4.7% during the second quarter. Investment Advisory Services Inc. TX ADV now owns 486 shares of the aerospace company’s stock worth $225,000 after purchasing an additional 22 shares during the last quarter. Broadway Wealth Solutions Inc. increased its stake in shares of Lockheed Martin by 4.5% in the 2nd quarter. Broadway Wealth Solutions Inc. now owns 511 shares of the aerospace company’s stock valued at $237,000 after purchasing an additional 22 shares during the last quarter. Davis Investment Partners LLC raised its holdings in shares of Lockheed Martin by 2.0% during the 2nd quarter. Davis Investment Partners LLC now owns 1,168 shares of the aerospace company’s stock worth $544,000 after buying an additional 23 shares in the last quarter. Aaron Wealth Advisors LLC lifted its position in shares of Lockheed Martin by 1.1% during the 2nd quarter. Aaron Wealth Advisors LLC now owns 2,125 shares of the aerospace company’s stock worth $984,000 after buying an additional 23 shares during the last quarter. Finally, Pachira Investments Inc. boosted its stake in Lockheed Martin by 0.5% in the second quarter. Pachira Investments Inc. now owns 4,838 shares of the aerospace company’s stock valued at $2,241,000 after buying an additional 23 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Price Performance

LMT stock opened at $474.93 on Thursday. The company has a market capitalization of $109.90 billion, a P/E ratio of 26.52, a PEG ratio of 1.44 and a beta of 0.24. The company has a fifty day moving average price of $473.96 and a 200-day moving average price of $465.69. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.97 and a current ratio of 1.13. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $516.00.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share for the quarter, topping the consensus estimate of $6.33 by $0.62. The company had revenue of $18.61 billion for the quarter, compared to analysts’ expectations of $18.45 billion. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. Lockheed Martin’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.84 earnings per share. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. As a group, equities analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st will be paid a $3.45 dividend. The ex-dividend date of this dividend is Monday, December 1st. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. This represents a $13.80 annualized dividend and a dividend yield of 2.9%. Lockheed Martin’s payout ratio is currently 77.05%.

Insider Activity

In related news, COO John Frank A. St sold 7,792 shares of Lockheed Martin stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $491.04, for a total value of $3,826,183.68. Following the transaction, the chief operating officer directly owned 1 shares of the company’s stock, valued at $491.04. The trade was a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have commented on LMT. Citigroup began coverage on Lockheed Martin in a research note on Thursday, December 11th. They set a “neutral” rating and a $505.00 target price for the company. UBS Group lowered their price objective on shares of Lockheed Martin from $514.00 to $513.00 and set a “neutral” rating for the company in a research report on Wednesday, October 22nd. BNP Paribas Exane began coverage on shares of Lockheed Martin in a research report on Tuesday, November 18th. They issued an “outperform” rating and a $550.00 target price on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Lockheed Martin from $517.00 to $492.00 and set a “hold” rating on the stock in a research note on Wednesday, December 10th. Finally, Susquehanna increased their price target on Lockheed Martin from $490.00 to $590.00 and gave the company a “positive” rating in a research note on Thursday, October 9th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, seventeen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $503.89.

Lockheed Martin Profile

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.