Croban Trims Stake in Lockheed Martin Corporation $LMT

Croban lowered its position in Lockheed Martin Corporation (NYSE:LMT) by 1.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,540 shares of the aerospace company’s stock after selling 24 shares during the quarter. Croban’s holdings in Lockheed Martin were worth $713,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in LMT. Brighton Jones LLC raised its stake in shares of Lockheed Martin by 5.0% in 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 period. Zhang Financial LLC raised its stake in shares of Lockheed Martin by 46.6% in the first quarter. Zhang Financial LLC now owns 3,019 shares of the aerospace company’s stock valued at $1,349,000 after acquiring an additional 960 shares during the period. Simon Quick Advisors LLC raised its stake in shares of Lockheed Martin by 15.6% in the first quarter. Simon Quick Advisors LLC now owns 1,247 shares of the aerospace company’s stock valued at $557,000 after acquiring an additional 168 shares during the period. Greenwood Capital Associates LLC raised its stake in shares of Lockheed Martin by 13.8% in the first quarter. Greenwood Capital Associates LLC now owns 2,749 shares of the aerospace company’s stock valued at $1,228,000 after acquiring an additional 333 shares during the period. Finally, NorthCrest Asset Manangement LLC raised its stake in shares of Lockheed Martin by 2.4% in the first quarter. NorthCrest Asset Manangement LLC now owns 62,290 shares of the aerospace company’s stock valued at $27,825,000 after acquiring an additional 1,435 shares during the period. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on LMT shares. Vertical Research restated a “hold” rating and issued a $460.00 price target on shares of Lockheed Martin in a report on Tuesday, July 22nd. Truist Financial cut shares of Lockheed Martin from a “buy” rating to a “hold” rating and cut their price target for the stock from $554.00 to $440.00 in a report on Wednesday, July 23rd. UBS Group cut their price target on shares of Lockheed Martin from $498.00 to $453.00 and set a “neutral” rating on the stock in a report on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft set a $519.00 price target on shares of Lockheed Martin and gave the stock a “hold” rating in a report on Wednesday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Lockheed Martin in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fifteen have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $503.13.

Lockheed Martin Stock Down 0.5%

Shares of Lockheed Martin stock opened at $505.11 on Friday. 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 Corporation has a 1 year low of $410.11 and a 1 year high of $618.95. The firm’s 50-day moving average is $464.89 and its two-hundred day moving average is $462.82. The stock has a market cap of $117.92 billion, a price-to-earnings ratio of 28.44, a PEG ratio of 1.79 and a beta of 0.28.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.57 by $0.72. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The company had revenue of $18.16 billion for the quarter, compared to analysts’ expectations of $18.59 billion. During the same period in the prior year, the business earned $7.11 EPS. The firm’s quarterly revenue was up .2% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, research analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st will be issued a $3.45 dividend. The ex-dividend date is Monday, December 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.7%. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s dividend payout ratio (DPR) is 74.32%.

Lockheed Martin Profile

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.