Aljian Capital Management LLC Has $4.10 Million Stock Holdings in Lockheed Martin Corporation $LMT

Aljian Capital Management LLC trimmed its holdings in Lockheed Martin Corporation (NYSE:LMT) by 22.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,202 shares of the aerospace company’s stock after selling 2,443 shares during the quarter. Lockheed Martin accounts for 0.8% of Aljian Capital Management LLC’s portfolio, making the stock its 19th largest holding. Aljian Capital Management LLC’s holdings in Lockheed Martin were worth $4,095,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Carnegie Investment Counsel lifted its position in shares of Lockheed Martin by 11.4% in the 3rd quarter. Carnegie Investment Counsel now owns 29,639 shares of the aerospace company’s stock worth $14,796,000 after acquiring an additional 3,031 shares during the period. VCI Wealth Management LLC bought a new stake in shares of Lockheed Martin during the third quarter valued at approximately $3,075,000. DAVENPORT & Co LLC raised its stake in shares of Lockheed Martin by 22.4% in the third quarter. DAVENPORT & Co LLC now owns 25,423 shares of the aerospace company’s stock valued at $12,688,000 after purchasing an additional 4,652 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Lockheed Martin by 21.2% in the first quarter. Empowered Funds LLC now owns 40,380 shares of the aerospace company’s stock valued at $18,038,000 after purchasing an additional 7,052 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in Lockheed Martin by 29.2% in the third quarter. Farther Finance Advisors LLC now owns 10,036 shares of the aerospace company’s stock worth $5,010,000 after purchasing an additional 2,270 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Price Performance

Shares of LMT opened at $488.04 on Wednesday. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $516.00. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 3.32. The stock has a market cap of $112.93 billion, a P/E ratio of 27.25, a price-to-earnings-growth ratio of 1.47 and a beta of 0.24. The stock’s 50-day moving average price is $470.71 and its two-hundred day moving average price is $465.94.

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

Lockheed Martin Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st were paid a $3.45 dividend. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.30. This represents a $13.80 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Monday, December 1st. Lockheed Martin’s dividend payout ratio is 77.05%.

Insider Buying and Selling

In related news, COO John Frank A. St sold 7,792 shares of the stock in a transaction 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 sale, the chief operating officer owned 1 shares in the company, valued at approximately $491.04. This represents a 99.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. BNP Paribas raised shares of Lockheed Martin to a “strong-buy” rating in a research note on Tuesday, November 18th. Royal Bank Of Canada lifted their price objective on Lockheed Martin from $440.00 to $525.00 and gave the company a “sector perform” rating in a report on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft lowered their price objective on Lockheed Martin from $517.00 to $492.00 and set a “hold” rating on the stock in a research note on Wednesday, December 10th. BNP Paribas Exane initiated coverage on Lockheed Martin in a research report on Tuesday, November 18th. They set an “outperform” rating and a $550.00 target price for the company. Finally, UBS Group decreased their price target on Lockheed Martin from $514.00 to $513.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, eighteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $506.67.

About Lockheed Martin

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.