Logan Capital Management Inc. Sells 1,250 Shares of Lockheed Martin Corporation $LMT

Logan Capital Management Inc. lessened its stake in Lockheed Martin Corporation (NYSE:LMT) by 11.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 9,555 shares of the aerospace company’s stock after selling 1,250 shares during the period. Logan Capital Management Inc.’s holdings in Lockheed Martin were worth $4,622,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Woodley Farra Manion Portfolio Management Inc. acquired a new position in Lockheed Martin in the fourth quarter valued at approximately $235,000. Kovack Advisors Inc. lifted its stake in Lockheed Martin by 38.4% in the fourth quarter. Kovack Advisors Inc. now owns 2,600 shares of the aerospace company’s stock valued at $1,258,000 after buying an additional 721 shares during the period. Sepio Capital LP acquired a new position in Lockheed Martin in the fourth quarter valued at approximately $1,008,000. Buckley Wealth Management LLC lifted its stake in Lockheed Martin by 2.5% in the fourth quarter. Buckley Wealth Management LLC now owns 4,120 shares of the aerospace company’s stock valued at $1,993,000 after buying an additional 100 shares during the period. Finally, Nuveen LLC lifted its stake in Lockheed Martin by 13.1% in the fourth quarter. Nuveen LLC now owns 552,323 shares of the aerospace company’s stock valued at $267,142,000 after buying an additional 64,029 shares during the period. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Shares of LMT opened at $548.92 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 2.74. The company has a market capitalization of $126.56 billion, a price-to-earnings ratio of 26.58, a PEG ratio of 0.95 and a beta of 0.10. The stock has a 50 day moving average of $549.70 and a 200 day moving average of $562.57. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $692.00.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Thursday, April 23rd. The aerospace company reported $6.44 EPS for the quarter, missing analysts’ consensus estimates of $6.79 by ($0.35). The business had revenue of $18.02 billion for the quarter, compared to analysts’ expectations of $18.38 billion. Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. The business’s revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the business posted $7.28 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. As a group, sell-side analysts forecast that Lockheed Martin Corporation will post 29.88 earnings per share for the current year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Monday, June 1st will be given a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Monday, June 1st. Lockheed Martin’s dividend payout ratio (DPR) is currently 66.83%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on LMT. Bank of America dropped their price target on Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating on the stock in a research note on Friday, April 24th. Royal Bank Of Canada dropped their price target on Lockheed Martin from $650.00 to $575.00 and set a “sector perform” rating on the stock in a research note on Friday, April 24th. Wall Street Zen lowered Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Susquehanna dropped their price target on Lockheed Martin from $740.00 to $700.00 and set a “positive” rating on the stock in a research note on Friday, April 24th. Finally, Argus boosted their price target on Lockheed Martin from $530.00 to $735.00 and gave the company a “buy” rating in a research note on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $620.68.

Lockheed Martin Company Profile

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.