Compagnie Lombard Odier SCmA Sells 200 Shares of Lockheed Martin Corporation $LMT

Compagnie Lombard Odier SCmA reduced its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 5.4% during the second quarter, Holdings Channel reports. The institutional investor owned 3,480 shares of the aerospace company’s stock after selling 200 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in Lockheed Martin were worth $1,612,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of LMT. Brighton Jones LLC grew its stake in shares of Lockheed Martin by 5.0% during the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock valued at $1,941,000 after buying an additional 191 shares during the last quarter. United Advisor Group LLC grew its stake in shares of Lockheed Martin by 15.0% during the fourth quarter. United Advisor Group LLC now owns 1,497 shares of the aerospace company’s stock valued at $727,000 after buying an additional 195 shares during the last quarter. Ameriflex Group Inc. bought a new position in shares of Lockheed Martin during the fourth quarter valued at about $244,000. Heck Capital Advisors LLC bought a new position in shares of Lockheed Martin during the fourth quarter valued at about $35,000. Finally, LM Advisors LLC grew its stake in shares of Lockheed Martin by 2.6% during the fourth quarter. LM Advisors LLC now owns 1,523 shares of the aerospace company’s stock valued at $740,000 after buying an additional 38 shares during the last quarter. 74.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Robert W. Baird reduced their price objective on Lockheed Martin from $540.00 to $500.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 23rd. Truist Financial cut Lockheed Martin from a “buy” rating to a “hold” rating and cut their target price for the stock from $554.00 to $440.00 in a research note on Wednesday, July 23rd. Alembic Global Advisors raised Lockheed Martin from a “neutral” rating to an “overweight” rating in a research note on Thursday, August 28th. Cowen cut Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Thursday, July 10th. Finally, Sanford C. Bernstein set a $551.00 target price on Lockheed Martin and gave the stock a “market perform” rating in a research note on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $494.00.

Lockheed Martin Stock Performance

Shares of LMT opened at $480.50 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47. The business’s 50 day moving average price is $447.32 and its 200-day moving average price is $459.12. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $618.95. The stock has a market cap of $112.18 billion, a P/E ratio of 27.05, a P/E/G ratio of 1.66 and a beta of 0.26.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, topping analysts’ consensus estimates of $6.57 by $0.72. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The company had revenue of $18.16 billion during the quarter, compared to analyst estimates of $18.59 billion. During the same period in the previous year, the business earned $7.11 EPS. The firm’s revenue for the quarter was up .2% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Equities research analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be issued a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin’s payout ratio is presently 74.32%.

About Lockheed Martin

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.