Capital Investment Counsel LLC Has $1.20 Million Stock Holdings in Lockheed Martin Corporation $LMT

Key Points

• Capital Investment Counsel LLC has reduced its stake in Lockheed Martin Corporation by 26.9%, now holding 2,695 shares worth approximately $1.204 million.
• Analyst ratings for Lockheed Martin have generally been cautious, with Bank of America reducing its target price from $495 to $480 and multiple firms issuing "hold" ratings.
• Lockheed Martin recently declared a quarterly dividend of $3.30 per share, representing a dividend yield of 2.9% for stockholders of record as of September 2nd.

Capital Investment Counsel LLC cut its stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 26.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,695 shares of the aerospace company's stock after selling 990 shares during the period. Capital Investment Counsel LLC's holdings in Lockheed Martin were worth $1,204,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Entropy Technologies LP increased its holdings in shares of Lockheed Martin by 410.2% in the first quarter. Entropy Technologies LP now owns 17,626 shares of the aerospace company's stock worth $7,874,000 after acquiring an additional 14,171 shares in the last quarter. PTM Wealth Management LLC bought a new stake in shares of Lockheed Martin in the first quarter worth about $377,000. First American Bank increased its position in shares of Lockheed Martin by 18.8% during the first quarter. First American Bank now owns 8,393 shares of the aerospace company's stock worth $3,749,000 after acquiring an additional 1,327 shares in the last quarter. Cantor Fitzgerald Investment Advisors L.P. raised its holdings in shares of Lockheed Martin by 18.6% during the first quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 17,129 shares of the aerospace company's stock worth $7,652,000 after acquiring an additional 2,686 shares during the period. Finally, State of Wyoming lifted its position in Lockheed Martin by 93.9% in the 4th quarter. State of Wyoming now owns 1,113 shares of the aerospace company's stock valued at $541,000 after acquiring an additional 539 shares in the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Alembic Global Advisors raised Lockheed Martin from a "neutral" rating to an "overweight" rating in a research note on Thursday, August 28th. Wall Street Zen downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. UBS Group cut their target price on Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 23rd. TD Cowen reaffirmed a "hold" rating and set a $480.00 price target (down previously from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. Finally, Royal Bank Of Canada reduced their price target on Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating for the company in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $494.00.

Lockheed Martin Stock Performance

Shares of NYSE LMT traded up $6.99 during trading hours on Thursday, reaching $456.05. 1,447,994 shares of the stock were exchanged, compared to its average volume of 1,661,429. The firm has a market capitalization of $106.47 billion, a price-to-earnings ratio of 25.68, a P/E/G ratio of 1.60 and a beta of 0.26. The stock's fifty day simple moving average is $446.29 and its 200 day simple moving average is $456.90. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, topping the consensus estimate of $6.57 by $0.72. The business had revenue of $18.16 billion during the quarter, compared to analysts' expectations 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 for the quarter was up .2% compared to the same quarter last year. During the same period last year, the firm posted $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Sell-side analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be issued a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio (DPR) is presently 74.32%.

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.