FLC Capital Advisors Sells 99 Shares of Lockheed Martin Corporation $LMT

FLC Capital Advisors lessened its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 9.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 949 shares of the aerospace company’s stock after selling 99 shares during the period. FLC Capital Advisors’ holdings in Lockheed Martin were worth $439,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Brighton Jones LLC lifted its stake in Lockheed Martin by 5.0% in the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock valued at $1,941,000 after acquiring an additional 191 shares in the last quarter. Advisor Resource Council bought a new stake in Lockheed Martin in the 1st quarter valued at approximately $570,000. Garde Capital Inc. bought a new stake in Lockheed Martin in the 1st quarter valued at approximately $55,000. Intact Investment Management Inc. lifted its stake in Lockheed Martin by 131.6% in the 1st quarter. Intact Investment Management Inc. now owns 19,457 shares of the aerospace company’s stock valued at $8,692,000 after acquiring an additional 11,057 shares in the last quarter. Finally, Masso Torrence Wealth Management Inc. lifted its stake in Lockheed Martin by 8.6% in the 1st quarter. Masso Torrence Wealth Management Inc. now owns 1,337 shares of the aerospace company’s stock valued at $597,000 after acquiring an additional 106 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Up 0.4%

NYSE:LMT opened at $495.24 on Monday. The firm has a market capitalization of $115.62 billion, a price-to-earnings ratio of 27.89, a price-to-earnings-growth ratio of 1.74 and a beta of 0.28. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $618.95. The stock’s 50 day moving average price is $471.93 and its two-hundred day moving average price is $464.85. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47.

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

Lockheed Martin Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be issued a dividend of $3.45 per share. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, December 1st. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s payout ratio is presently 74.32%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on LMT shares. Truist Financial boosted their target price on Lockheed Martin from $440.00 to $500.00 and gave the company a “hold” rating in a research note on Wednesday. JPMorgan Chase & Co. cut their target price on Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 23rd. Bank of America cut their target price on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating on the stock in a research note on Thursday, August 21st. TD Cowen reaffirmed a “hold” rating and set a $480.00 price target (down previously from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. Finally, Cowen lowered Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $510.29.

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.