Birmingham Capital Management Co. Inc. AL Sells 575 Shares of Lockheed Martin Corporation $LMT

Birmingham Capital Management Co. Inc. AL trimmed its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 4.2% during the 1st quarter, Holdings Channel reports. The fund owned 13,180 shares of the aerospace company’s stock after selling 575 shares during the period. Lockheed Martin comprises about 2.2% of Birmingham Capital Management Co. Inc. AL’s portfolio, making the stock its 14th largest position. Birmingham Capital Management Co. Inc. AL’s holdings in Lockheed Martin were worth $5,888,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Brighton Jones LLC grew its position in shares of Lockheed Martin by 5.0% in the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock worth $1,941,000 after buying an additional 191 shares during the last quarter. Jefferies Financial Group Inc. purchased a new position in shares of Lockheed Martin in the 4th quarter worth approximately $2,655,000. Janus Henderson Group PLC grew its position in shares of Lockheed Martin by 82.3% in the 4th quarter. Janus Henderson Group PLC now owns 28,621 shares of the aerospace company’s stock worth $13,908,000 after buying an additional 12,924 shares during the last quarter. OMERS ADMINISTRATION Corp grew its position in shares of Lockheed Martin by 1.9% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 7,994 shares of the aerospace company’s stock worth $3,885,000 after buying an additional 152 shares during the last quarter. Finally, NorthRock Partners LLC grew its position in shares of Lockheed Martin by 104.8% in the 4th quarter. NorthRock Partners LLC now owns 3,268 shares of the aerospace company’s stock worth $1,588,000 after buying an additional 1,672 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Royal Bank Of Canada cut their price objective on shares of Lockheed Martin from $480.00 to $440.00 and set a “sector perform” rating on the stock in a research report on Wednesday, July 23rd. Sanford C. Bernstein set a $551.00 price objective on shares of Lockheed Martin and gave the company a “market perform” rating in a research report on Monday, July 14th. Cowen lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Thursday, July 10th. Robert W. Baird decreased their price objective on shares of Lockheed Martin from $540.00 to $500.00 and set an “outperform” rating for the company in a research report on Wednesday, July 23rd. Finally, UBS Group decreased their price objective on shares of Lockheed Martin from $498.00 to $453.00 and set a “neutral” rating for the company in a research report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $494.00.

Lockheed Martin Price Performance

Shares of NYSE LMT opened at $463.51 on Thursday. The stock has a market capitalization of $108.21 billion, a price-to-earnings ratio of 26.10, a PEG ratio of 1.61 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 $446.09 and its 200-day simple moving average is $457.84. 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) last released its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (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 firm had revenue of $18.16 billion for the quarter, compared to analysts’ expectations of $18.59 billion. During the same quarter last year, the company earned $7.11 EPS. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be paid a $3.30 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 2.8%. 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.