Lockheed Martin Corporation $LMT Shares Sold by Machina Capital S.A.S.

Machina Capital S.A.S. trimmed its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 33.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,688 shares of the aerospace company’s stock after selling 3,308 shares during the period. Machina Capital S.A.S.’s holdings in Lockheed Martin were worth $3,406,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. Burnham & Co LLC purchased a new stake in shares of Lockheed Martin in the 2nd quarter worth approximately $25,000. Field & Main Bank bought a new position in shares of Lockheed Martin during the second quarter valued at approximately $26,000. Kelleher Financial Advisors bought a new position in shares of Lockheed Martin during the second quarter valued at approximately $29,000. Highland Investment Advisors LLC bought a new position in shares of Lockheed Martin during the second quarter valued at approximately $29,000. Finally, Allied Private Wealth LLC purchased a new position in Lockheed Martin during the second quarter valued at approximately $42,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analyst Ratings Changes

LMT has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on shares of Lockheed Martin from $620.00 to $665.00 and gave the stock a “neutral” rating in a research note on Monday, October 26th. Citigroup upped their target price on Lockheed Martin from $691.00 to $706.00 and gave the stock a “buy” rating in a report on Friday, October 23rd. Weiss Ratings raised Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 9th. Morgan Stanley lifted their price target on Lockheed Martin from $653.00 to $690.00 and gave the company an “equal weight” rating in a report on Friday, July 24th. Finally, Wall Street Zen downgraded Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 17th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Lockheed Martin has a consensus rating of “Moderate Buy” and an average target price of $647.00.

Lockheed Martin Stock Performance

LMT stock opened at $608.94 on Thursday. The firm has a market cap of $140.67 billion, a price-to-earnings ratio of 21.63, a PEG ratio of 1.28 and a beta of 0.07. The firm has a 50-day simple moving average of $550.90 and a two-hundred day simple moving average of $569.81. Lockheed Martin Corporation has a one year low of $437.25 and a one year high of $692.00. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.10 and a current ratio of 1.26.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Thursday, October 22nd. The aerospace company reported $7.97 earnings per share for the quarter, beating analysts’ consensus estimates of $7.52 by $0.45. Lockheed Martin had a net margin of 8.23% and a return on equity of 83.41%. The business had revenue of $20.71 billion for the quarter, compared to analysts’ expectations of $20.48 billion. During the same period last year, the business earned $6.95 EPS. The company’s revenue was up 11.3% compared to the same quarter last year. On average, equities analysts forecast that Lockheed Martin Corporation will post 30.66 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 1st will be given a dividend of $3.60 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.45. This represents a $14.40 dividend on an annualized basis and a yield of 2.4%. Lockheed Martin’s dividend payout ratio is currently 49.02%.

Recent Lockheed Martin Headlines

Here are a few of the latest headlines about LMT:

• Positive Sentiment: Lockheed Martin says it has delivered 100,000 Guided Multiple Launch Rocket System (GMLRS) rockets and is expanding production. A successful ground test of a new General Dynamics solid rocket motor is another step toward faster output, with qualification targeted for 2027. The milestone supports the company’s ability to meet missile demand. More Rockets, Faster: Lockheed Martin Reaches Major GMLRS Production Milestone
• Positive Sentiment: Coverage of Lockheed Martin’s October rally cites strong third-quarter results and longer-term F-35 and missile demand, along with long-term procurement agreements with the Department of Defense. This reinforces the favorable earnings and demand outlook, though it largely reflects previously reported news. Why Lockheed Martin Rallied in October
• Negative Sentiment: Uncertainty about next year’s Pentagon budget could weigh on investor expectations for future defense spending. The existing backlog and contracts may cushion this risk, but do not eliminate it. Lockheed Martin Stock Looks Attractive Despite the Budget Debate

About Lockheed Martin

Lockheed Martin Corporation is a global security and aerospace company headquartered in Bethesda, Maryland. Formed in 1995 through the merger of Lockheed Corporation and Martin Marietta, the company develops and produces advanced defense, aerospace, and technology systems for government and commercial customers. Its principal business areas include Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. Products and services include military aircraft such as the F-35 Lightning II, C-130 Hercules, and F-16 Fighting Falcon; missile-defense and precision-strike systems; helicopters and naval systems; command, control, communications, and intelligence technologies; satellites; space exploration systems; and other classified space and defense programs.