Lockheed Martin Corporation $LMT Shares Sold by Aptus Capital Advisors LLC

Key Points

• Aptus Capital Advisors LLC reduced its stake in Lockheed Martin by 82.2% in the first quarter, now holding 11,700 shares valued at approximately $5.23 million.
• Lockheed Martin reported earnings per share of $7.29 for the latest quarter, surpassing expectations of $6.57, although its revenue of $18.16 billion fell short of estimates.
• The company announced a quarterly dividend of $3.30 per share, with an annualized dividend yield of 3.0%; the ex-dividend date is set for September 2nd.

Aptus Capital Advisors LLC lowered its holdings in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 82.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,700 shares of the aerospace company's stock after selling 53,847 shares during the quarter. Aptus Capital Advisors LLC's holdings in Lockheed Martin were worth $5,227,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of LMT. Eagle Capital Management LLC boosted its position in Lockheed Martin by 0.3% during the fourth quarter. Eagle Capital Management LLC now owns 10,827 shares of the aerospace company's stock worth $5,261,000 after purchasing an additional 32 shares in the last quarter. Brighton Jones LLC raised its holdings in shares of Lockheed Martin by 5.0% during the fourth 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 during the last quarter. TD Waterhouse Canada Inc. raised its holdings in shares of Lockheed Martin by 2.9% during the fourth quarter. TD Waterhouse Canada Inc. now owns 22,143 shares of the aerospace company's stock valued at $10,760,000 after acquiring an additional 623 shares during the last quarter. Pinebridge Investments L.P. raised its holdings in shares of Lockheed Martin by 56.6% during the fourth quarter. Pinebridge Investments L.P. now owns 129,788 shares of the aerospace company's stock valued at $63,069,000 after acquiring an additional 46,933 shares during the last quarter. Finally, MGO One Seven LLC raised its holdings in shares of Lockheed Martin by 15.5% during the fourth quarter. MGO One Seven LLC now owns 8,714 shares of the aerospace company's stock valued at $4,235,000 after acquiring an additional 1,172 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company's stock.

Lockheed Martin Trading Down 0.3%

Lockheed Martin stock traded down $1.4680 during trading on Friday, reaching $445.7320. 1,889,568 shares of the company were exchanged, compared to its average volume of 1,705,822. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $618.95. The company has a market capitalization of $104.06 billion, a P/E ratio of 25.10, a PEG ratio of 1.57 and a beta of 0.27. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83. The stock's 50 day simple moving average is $448.65 and its two-hundred day simple moving average is $456.29.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, topping analysts' consensus estimates of $6.57 by $0.72. The firm had revenue of $18.16 billion for the quarter, compared to the consensus estimate of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The firm's revenue was up .2% compared to the same quarter last year. During the same quarter last year, the business posted $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. On average, equities research analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $3.30 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $13.20 annualized dividend and a yield of 3.0%. Lockheed Martin's dividend payout ratio (DPR) is 74.32%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on LMT shares. Wall Street Zen cut Lockheed Martin from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. JPMorgan Chase & Co. reduced their target price on Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. Jefferies Financial Group reduced their target price on Lockheed Martin from $510.00 to $500.00 and set a "hold" rating for the company in a report on Monday, April 28th. UBS Group reduced their target price on Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating for the company in a report on Wednesday, July 23rd. Finally, Royal Bank Of Canada reduced their target price on Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating for the company in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and fourteen have given a Hold rating to the company. Based on data from MarketBeat.com, Lockheed Martin currently has an average rating of "Hold" and a consensus price target of $506.35.

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.