Lockheed Martin Corporation $LMT Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC reduced its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 8.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 224,321 shares of the aerospace company’s stock after selling 20,330 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Lockheed Martin were worth $111,983,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Lockheed Martin during the 2nd quarter worth approximately $28,000. Twin Peaks Wealth Advisors LLC purchased a new stake in Lockheed Martin during the 2nd quarter worth about $29,000. Frazier Financial Advisors LLC acquired a new position in Lockheed Martin in the 2nd quarter valued at about $34,000. MTM Investment Management LLC purchased a new position in Lockheed Martin in the 2nd quarter valued at about $36,000. Finally, Kilter Group LLC acquired a new stake in shares of Lockheed Martin during the 2nd quarter worth about $40,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Up 2.9%

Shares of NYSE:LMT opened at $511.55 on Tuesday. The stock has a 50-day simple moving average of $471.28 and a 200-day simple moving average of $466.59. The stock has a market capitalization of $118.37 billion, a P/E ratio of 28.56, a PEG ratio of 1.41 and a beta of 0.24. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $516.00. 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 (NYSE:LMT) last announced its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share for the quarter, beating analysts’ consensus estimates of $6.33 by $0.62. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The firm had revenue of $18.61 billion for the quarter, compared to analysts’ expectations of $18.45 billion. During the same period in the previous year, the company posted $6.84 earnings per share. Lockheed Martin’s revenue was up 8.8% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. Equities analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 1st were given a dividend of $3.45 per share. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. The ex-dividend date of this dividend was Monday, December 1st. This represents a $13.80 dividend on an annualized basis and a yield of 2.7%. Lockheed Martin’s dividend payout ratio is currently 77.05%.

Insider Transactions at Lockheed Martin

In other Lockheed Martin news, COO John Frank A. St sold 7,792 shares of the firm’s stock in a transaction dated 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. This trade represents a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

LMT has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Lockheed Martin from $517.00 to $492.00 and set a “hold” rating for the company in a research report on Wednesday, December 10th. UBS Group reduced 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. Weiss Ratings restated a “hold (c)” rating on shares of Lockheed Martin in a report on Wednesday, October 8th. Morgan Stanley reiterated an “equal weight” rating and issued a $543.00 target price (down from $630.00) on shares of Lockheed Martin in a research note on Tuesday, December 16th. Finally, Citigroup initiated coverage on shares of Lockheed Martin in a research note on Thursday, December 11th. They set a “neutral” rating and a $505.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, seventeen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $506.18.

Lockheed Martin Company Profile

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.