BXM Wealth LLC Reduces Stock Position in Lockheed Martin Corporation $LMT

BXM Wealth LLC lowered its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 98.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 474 shares of the aerospace company’s stock after selling 41,510 shares during the period. BXM Wealth LLC’s holdings in Lockheed Martin were worth $286,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Basso Capital Management L.P. purchased a new stake in shares of Lockheed Martin in the 4th quarter valued at about $25,000. United Financial Planning Group LLC purchased a new position in shares of Lockheed Martin during the third quarter worth about $25,000. Clarity Asset Management Inc. purchased a new position in shares of Lockheed Martin during the fourth quarter worth about $26,000. Triumph Capital Management grew its holdings in shares of Lockheed Martin by 66.7% during the fourth quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 22 shares in the last quarter. Finally, Bard Associates Inc. bought a new position in shares of Lockheed Martin in the fourth quarter worth approximately $27,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Price Performance

Shares of NYSE:LMT opened at $502.53 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 2.74. The stock has a market cap of $115.86 billion, a PE ratio of 24.34, a PEG ratio of 0.92 and a beta of 0.10. The company’s fifty day moving average is $524.08 and its 200 day moving average is $567.73. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $692.00.

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

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 1st were given a $3.45 dividend. The ex-dividend date was Monday, June 1st. This represents a $13.80 annualized dividend and a yield of 2.7%. Lockheed Martin’s payout ratio is presently 66.83%.

Analysts Set New Price Targets

LMT has been the topic of a number of recent analyst reports. Wells Fargo & Company started coverage on shares of Lockheed Martin in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $650.00 target price on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Lockheed Martin from $615.00 to $575.00 and set a “hold” rating on the stock in a report on Friday, April 24th. Susquehanna dropped their price objective on shares of Lockheed Martin from $740.00 to $700.00 and set a “positive” rating for the company in a report on Friday, April 24th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Lockheed Martin in a research report on Friday, May 29th. Finally, Bank of America cut their target price on shares of Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating for the company in a research report on Friday, April 24th. One investment 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 company. According to data from MarketBeat, Lockheed Martin has a consensus rating of “Hold” and a consensus target price of $619.63.

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.