First Financial Bankshares Inc Sells 1,853 Shares of Lockheed Martin Corporation $LMT

First Financial Bankshares Inc lowered its stake in Lockheed Martin Corporation (NYSE:LMT) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 108,515 shares of the aerospace company’s stock after selling 1,853 shares during the quarter. First Financial Bankshares Inc’s holdings in Lockheed Martin were worth $52,485,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. United Financial Planning Group LLC bought a new stake in shares of Lockheed Martin during the third quarter valued at about $25,000. Tucker Asset Management LLC purchased a new stake in shares of Lockheed Martin in the fourth quarter worth about $32,000. Beacon Financial Strategies CORP purchased a new stake in shares of Lockheed Martin in the fourth quarter worth about $34,000. Wexford Capital LP purchased a new stake in shares of Lockheed Martin in the third quarter worth about $36,000. Finally, Torren Management LLC purchased a new stake in shares of Lockheed Martin in the fourth quarter worth about $38,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

NYSE:LMT opened at $548.92 on Friday. The business’s 50-day moving average price is $549.70 and its two-hundred day moving average price is $562.57. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $692.00. The stock has a market cap of $126.56 billion, a P/E ratio of 26.58, a PEG ratio of 0.95 and a beta of 0.10. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 2.74.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share for the quarter, missing the consensus estimate of $6.79 by ($0.35). Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. The business had revenue of $18.02 billion during the quarter, compared to analysts’ expectations of $18.38 billion. During the same period in the previous year, the business earned $7.28 EPS. The business’s revenue was up .3% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. As a group, equities analysts predict that Lockheed Martin Corporation will post 29.88 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Monday, June 1st will be issued a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Monday, June 1st. Lockheed Martin’s dividend payout ratio is presently 66.83%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on LMT shares. Wells Fargo & Company started coverage on shares of Lockheed Martin in a report on Wednesday, April 1st. They issued an “equal weight” rating and a $650.00 price target on the stock. DZ Bank raised shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. Citigroup lowered their price objective on Lockheed Martin from $675.00 to $571.00 and set a “neutral” rating on the stock in a research report on Monday, May 18th. Royal Bank Of Canada dropped their price objective on Lockheed Martin from $650.00 to $575.00 and set a “sector perform” rating for the company in a research note on Friday, April 24th. Finally, BNP Paribas Exane reduced their target price on Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating for the company in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Lockheed Martin has an average rating of “Hold” and a consensus target price of $620.68.

Lockheed Martin 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.