NBC Securities Inc. Lowers Stock Position in Lockheed Martin Corporation $LMT

Key Points

• NBC Securities Inc. reduced its stake in Lockheed Martin by 17.7% during the second quarter, now holding 10,224 shares valued at approximately $4.73 million.
• Several hedge funds increased their positions in Lockheed Martin, with notable growth from Apella Capital LLC (up 48.9%) and Gallacher Capital Management LLC (up 248.9%).
• Lockheed Martin declared a quarterly dividend of $3.30 per share, representing an annualized yield of 2.8%, with the ex-dividend date set for September 2nd.

NBC Securities Inc. lessened its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 17.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 10,224 shares of the aerospace company's stock after selling 2,196 shares during the period. NBC Securities Inc.'s holdings in Lockheed Martin were worth $4,735,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Apella Capital LLC lifted its position in shares of Lockheed Martin by 48.9% in the 2nd quarter. Apella Capital LLC now owns 1,592 shares of the aerospace company's stock worth $747,000 after purchasing an additional 523 shares during the period. Gradient Investments LLC lifted its position in Lockheed Martin by 0.8% during the second quarter. Gradient Investments LLC now owns 11,961 shares of the aerospace company's stock valued at $5,540,000 after acquiring an additional 95 shares during the last quarter. S.E.E.D. Planning Group LLC lifted its position in Lockheed Martin by 6.2% during the second quarter. S.E.E.D. Planning Group LLC now owns 20,487 shares of the aerospace company's stock valued at $9,488,000 after acquiring an additional 1,199 shares during the last quarter. Gallacher Capital Management LLC lifted its position in Lockheed Martin by 248.9% during the second quarter. Gallacher Capital Management LLC now owns 1,919 shares of the aerospace company's stock valued at $889,000 after acquiring an additional 1,369 shares during the last quarter. Finally, Parallel Advisors LLC lifted its position in Lockheed Martin by 3.6% during the second quarter. Parallel Advisors LLC now owns 6,481 shares of the aerospace company's stock valued at $3,002,000 after acquiring an additional 223 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Cowen cut shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Thursday, July 10th. Sanford C. Bernstein set a $551.00 target price on shares of Lockheed Martin and gave the company a "market perform" rating in a research report on Monday, July 14th. JPMorgan Chase & Co. decreased their target price on shares of Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating for the company in a research report on Wednesday, July 23rd. Alembic Global Advisors raised shares of Lockheed Martin from a "neutral" rating to an "overweight" rating in a research report on Thursday, August 28th. Finally, TD Cowen reissued a "hold" rating and set a $480.00 target price (down previously from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $494.00.

Lockheed Martin Stock Up 0.1%

NYSE:LMT opened at $471.10 on Monday. The firm has a market capitalization of $109.98 billion, a P/E ratio of 26.53, a PEG ratio of 1.66 and a beta of 0.26. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $618.95. The company's fifty day moving average price is $446.39 and its 200-day moving average price is $458.41. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share 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 analyst estimates of $18.59 billion. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The business's quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, equities research analysts anticipate 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 given a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a yield of 2.8%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio (DPR) is currently 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.

Want to see what other hedge funds are holding LMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lockheed Martin Corporation (NYSE:LMT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.