Lockheed Martin Corporation $LMT Shares Sold by Capital Investment Counsel Inc

Capital Investment Counsel Inc trimmed its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 2.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,468 shares of the aerospace company’s stock after selling 380 shares during the period. Lockheed Martin accounts for approximately 0.8% of Capital Investment Counsel Inc’s holdings, making the stock its 23rd biggest position. Capital Investment Counsel Inc’s holdings in Lockheed Martin were worth $6,238,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC raised its stake in Lockheed Martin by 5.0% during 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. OVERSEA CHINESE BANKING Corp Ltd grew its stake in shares of Lockheed Martin by 167.8% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 2,065 shares of the aerospace company’s stock worth $917,000 after purchasing an additional 1,294 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Lockheed Martin by 193.5% during the first quarter. Massachusetts Financial Services Co. MA now owns 4,849 shares of the aerospace company’s stock valued at $2,166,000 after purchasing an additional 3,197 shares during the period. Whittier Trust Co. raised its stake in shares of Lockheed Martin by 1.8% during the first quarter. Whittier Trust Co. now owns 7,082 shares of the aerospace company’s stock valued at $3,164,000 after purchasing an additional 126 shares in the last quarter. Finally, Larson Financial Group LLC raised its stake in shares of Lockheed Martin by 138.5% during the first quarter. Larson Financial Group LLC now owns 1,820 shares of the aerospace company’s stock valued at $813,000 after purchasing an additional 1,057 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

NYSE:LMT opened at $457.14 on Thursday. The company has a 50-day moving average of $484.17 and a 200-day moving average of $467.26. The firm has a market cap of $105.78 billion, a price-to-earnings ratio of 25.52, a price-to-earnings-growth ratio of 1.69 and a beta of 0.25. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 3.32. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $565.00.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, beating the consensus estimate of $6.33 by $0.62. The business had revenue of $18.61 billion during the quarter, compared to analyst estimates of $18.45 billion. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the business earned $6.84 earnings per share. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. Analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The business 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 $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Monday, December 1st. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s payout ratio is presently 77.05%.

Wall Street Analyst Weigh In

LMT has been the subject of several research analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating for the company in a report on Wednesday, July 23rd. Royal Bank Of Canada boosted their price target on shares of Lockheed Martin from $440.00 to $525.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Lockheed Martin in a report on Wednesday, October 8th. Susquehanna raised their price objective on shares of Lockheed Martin from $490.00 to $590.00 and gave the company a “positive” rating in a research note on Thursday, October 9th. Finally, Wall Street Zen raised Lockheed Martin from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. 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 company’s stock. According to MarketBeat.com, Lockheed Martin presently has a consensus rating of “Hold” and an average price target of $513.47.

Insider Activity

In other news, COO John Frank A. St sold 7,792 shares of the company’s stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $491.04, for a total transaction of $3,826,183.68. Following the completion of the sale, the chief operating officer directly owned 1 shares of the company’s stock, valued at $491.04. This represents a 99.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.14% of the stock is owned by company insiders.

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.