Advisors Asset Management Inc. Trims Stock Holdings in Lockheed Martin Corporation $LMT

Key Points

• Advisors Asset Management Inc. reduced its stake in Lockheed Martin by 9.6%, selling 5,060 shares, and retaining a total of 47,920 shares valued at approximately $21.4 million.
• Several institutional investors have also adjusted their positions in Lockheed Martin, with Charles Schwab Investment Management increasing its stake by 7.5% during the first quarter.
• The company's quarterly earnings reported on July 22nd showed an EPS of $7.29, exceeding estimates, while Lockheed Martin also declared a quarterly dividend of $3.30 to be paid on September 26th.

Advisors Asset Management Inc. lessened its stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 9.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,920 shares of the aerospace company's stock after selling 5,060 shares during the period. Advisors Asset Management Inc.'s holdings in Lockheed Martin were worth $21,406,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Eagle Capital Management LLC raised its holdings in Lockheed Martin by 0.3% during the 4th quarter. Eagle Capital Management LLC now owns 10,827 shares of the aerospace company's stock valued at $5,261,000 after buying an additional 32 shares during the last quarter. Brighton Jones LLC grew its position 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 purchasing an additional 191 shares during the last quarter. Ancora Advisors LLC grew its position in Lockheed Martin by 4.5% during the 4th quarter. Ancora Advisors LLC now owns 2,144 shares of the aerospace company's stock valued at $1,042,000 after purchasing an additional 93 shares during the last quarter. Baker Avenue Asset Management LP grew its stake in shares of Lockheed Martin by 2.8% in the fourth quarter. Baker Avenue Asset Management LP now owns 1,450 shares of the aerospace company's stock worth $705,000 after acquiring an additional 39 shares during the period. Finally, Brown Advisory Inc. grew its stake in shares of Lockheed Martin by 4.5% in the fourth quarter. Brown Advisory Inc. now owns 33,661 shares of the aerospace company's stock worth $16,357,000 after acquiring an additional 1,437 shares during the period. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Price Performance

LMT stock traded up $6.83 during midday trading on Friday, reaching $463.68. The stock had a trading volume of 1,464,488 shares, compared to its average volume of 1,394,402. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $618.95. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47. The company's fifty day simple moving average is $446.34 and its 200 day simple moving average is $457.37. The company has a market cap of $108.25 billion, a price-to-earnings ratio of 26.11, a price-to-earnings-growth ratio of 1.61 and a beta of 0.26.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, topping the consensus estimate of $6.57 by $0.72. The business 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 company's quarterly revenue was up .2% compared to the same quarter last year. 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. As a group, sell-side analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 2nd will be paid a $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio (DPR) is presently 74.32%.

Analysts Set New Price Targets

Several brokerages recently issued reports on LMT. Alembic Global Advisors upgraded shares of Lockheed Martin from a "neutral" rating to an "overweight" rating in a research report on Thursday, August 28th. Vertical Research restated a "hold" rating and issued a $460.00 price target on shares of Lockheed Martin in a research report on Tuesday, July 22nd. UBS Group cut their price objective on shares of Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 23rd. Cowen cut shares of Lockheed Martin from a "buy" rating to a "hold" rating in a report on Thursday, July 10th. Finally, Royal Bank Of Canada lowered their price objective on shares of Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating for the company in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fourteen have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $494.00.

Lockheed Martin Company Profile

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.