Lockheed Martin Corporation $LMT Shares Sold by Birmingham Capital Management Co. Inc. AL

Key Points

• Birmingham Capital Management Co. Inc. AL reduced its stake in Lockheed Martin by 4.2%, owning 13,180 shares worth approximately $5.89 million, making it the 14th largest position in its investment portfolio.
• In the first quarter, several hedge funds notably increased their investments in Lockheed Martin, with Entropy Technologies LP raising its stake by an impressive 410.2%, now holding over 17,600 shares valued at $7.87 million.
• Lockheed Martin recently announced a quarterly dividend of $3.30 per share, with an annualized yield of 2.8% and a payout ratio of 74.32%.

Birmingham Capital Management Co. Inc. AL decreased its stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 4.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,180 shares of the aerospace company's stock after selling 575 shares during the quarter. Lockheed Martin makes up 2.2% of Birmingham Capital Management Co. Inc. AL's investment portfolio, making the stock its 14th biggest holding. Birmingham Capital Management Co. Inc. AL's holdings in Lockheed Martin were worth $5,888,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. OMNI 360 Wealth Inc. increased its stake in shares of Lockheed Martin by 2.5% during the first quarter. OMNI 360 Wealth Inc. now owns 913 shares of the aerospace company's stock worth $408,000 after buying an additional 22 shares during the period. 49 Wealth Management LLC grew its holdings in Lockheed Martin by 3.4% during the 1st quarter. 49 Wealth Management LLC now owns 661 shares of the aerospace company's stock worth $295,000 after acquiring an additional 22 shares in the last quarter. Tyler Stone Wealth Management increased its position in shares of Lockheed Martin by 3.3% in the 1st quarter. Tyler Stone Wealth Management now owns 684 shares of the aerospace company's stock valued at $306,000 after purchasing an additional 22 shares during the last quarter. Tealwood Asset Management Inc. increased its position in shares of Lockheed Martin by 0.4% in the 1st quarter. Tealwood Asset Management Inc. now owns 5,728 shares of the aerospace company's stock valued at $2,559,000 after purchasing an additional 23 shares during the last quarter. Finally, Southland Equity Partners LLC raised its holdings in shares of Lockheed Martin by 3.1% in the 1st quarter. Southland Equity Partners LLC now owns 766 shares of the aerospace company's stock valued at $342,000 after purchasing an additional 23 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company's stock.

Lockheed Martin Stock Performance

Lockheed Martin stock traded up $0.37 during midday trading on Friday, hitting $471.10. 1,040,999 shares of the company's stock were exchanged, compared to its average volume of 1,324,107. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98. The stock has a market cap of $109.98 billion, a price-to-earnings ratio of 26.53, a price-to-earnings-growth ratio of 1.66 and a beta of 0.26. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $618.95. The firm's 50 day simple moving average is $446.39 and its 200 day simple moving average is $458.21.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, beating analysts' consensus estimates of $6.57 by $0.72. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The business had revenue of $18.16 billion during the quarter, compared to analysts' expectations of $18.59 billion. During the same period in the prior year, the company earned $7.11 earnings per share. The business's revenue was up .2% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Equities research analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages recently commented on LMT. Truist Financial downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating and lowered their target price for the stock from $554.00 to $440.00 in a research note on Wednesday, July 23rd. UBS Group decreased their price target on Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating for the company in a report on Wednesday, July 23rd. Cowen cut Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Thursday, July 10th. Bank of America cut their target price on Lockheed Martin from $495.00 to $480.00 and set a "neutral" rating on the stock in a research report on Thursday, August 21st. Finally, Wall Street Zen downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $494.00.

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.