Loomis Sayles & Co. L P Trims Stock Holdings in Lockheed Martin Corporation $LMT

Loomis Sayles & Co. L P lowered its stake in Lockheed Martin Corporation (NYSE:LMT) by 0.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,538 shares of the aerospace company’s stock after selling 271 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Lockheed Martin were worth $13,217,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in LMT. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Lockheed Martin in the 2nd quarter worth approximately $28,000. Frazier Financial Advisors LLC acquired a new stake in Lockheed Martin in the 2nd quarter valued at approximately $34,000. MTM Investment Management LLC acquired a new stake in Lockheed Martin in the 2nd quarter valued at approximately $36,000. GFG Capital LLC purchased a new stake in Lockheed Martin in the second quarter valued at approximately $43,000. Finally, Bernard Wealth Management Corp. lifted its stake in Lockheed Martin by 251.9% during the second quarter. Bernard Wealth Management Corp. now owns 95 shares of the aerospace company’s stock worth $44,000 after purchasing an additional 68 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Price Performance

Shares of LMT opened at $457.44 on Monday. The firm has a market capitalization of $105.85 billion, a price-to-earnings ratio of 25.54, a PEG ratio of 1.69 and a beta of 0.25. The firm’s fifty day simple moving average is $482.77 and its 200-day simple moving average is $466.44. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $529.48. 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 (NYSE:LMT) last posted 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. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.The firm had revenue of $18.61 billion for the quarter, compared to analyst estimates of $18.45 billion. During the same quarter in the prior year, the company posted $6.84 earnings per share. Lockheed Martin’s revenue for the quarter was up 8.8% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. Equities analysts forecast that Lockheed Martin Corporation will post 27.15 EPS 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. Stockholders of record on Monday, December 1st will be given a dividend of $3.45 per share. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. The ex-dividend date of this dividend is Monday, December 1st. This represents a $13.80 annualized dividend and a dividend yield of 3.0%. Lockheed Martin’s dividend payout ratio is 77.05%.

Insider Buying and Selling at Lockheed Martin

In related news, COO John Frank A. St sold 7,792 shares of the business’s stock in a transaction that occurred 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 owned 1 shares in the company, valued at $491.04. The trade was a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Robert W. Baird lifted their price objective on Lockheed Martin from $500.00 to $550.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. Bank of America dropped their target price on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a research report on Thursday, August 21st. Morgan Stanley increased their price target on shares of Lockheed Martin from $530.00 to $630.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. BNP Paribas Exane initiated coverage on shares of Lockheed Martin in a research note on Tuesday, November 18th. They issued an “outperform” rating and a $550.00 price objective for the company. Finally, Susquehanna lifted their price objective on shares of Lockheed Martin from $490.00 to $590.00 and gave the company a “positive” rating in a report on Thursday, October 9th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $515.50.

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.