FLC Capital Advisors Has $439,000 Position in Lockheed Martin Corporation $LMT

FLC Capital Advisors cut its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 9.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 949 shares of the aerospace company’s stock after selling 99 shares during the quarter. FLC Capital Advisors’ holdings in Lockheed Martin were worth $439,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in LMT. Brighton Jones LLC boosted its stake in Lockheed Martin by 5.0% in the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock valued at $1,941,000 after purchasing an additional 191 shares during the period. Advisor Resource Council bought a new stake in Lockheed Martin in the 1st quarter valued at $570,000. Garde Capital Inc. bought a new stake in Lockheed Martin in the 1st quarter valued at $55,000. Intact Investment Management Inc. boosted its stake in Lockheed Martin by 131.6% in the 1st quarter. Intact Investment Management Inc. now owns 19,457 shares of the aerospace company’s stock valued at $8,692,000 after purchasing an additional 11,057 shares during the period. Finally, Masso Torrence Wealth Management Inc. boosted its stake in Lockheed Martin by 8.6% in the 1st quarter. Masso Torrence Wealth Management Inc. now owns 1,337 shares of the aerospace company’s stock valued at $597,000 after purchasing an additional 106 shares during the period. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Performance

NYSE:LMT opened at $495.24 on Monday. The stock has a fifty day moving average price of $471.93 and a 200-day moving average price of $464.85. The company has a market cap of $115.62 billion, a price-to-earnings ratio of 27.89, a PEG ratio of 1.74 and a beta of 0.28. 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 fifty-two week low of $410.11 and a fifty-two week high of $618.95.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data 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. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The business had revenue of $18.16 billion during the quarter, compared to the consensus estimate of $18.59 billion. During the same period in the prior year, the company earned $7.11 EPS. Lockheed Martin’s revenue for the quarter 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, equities analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be given a dividend of $3.45 per share. The ex-dividend date is Monday, December 1st. This represents a $13.80 annualized dividend and a dividend yield of 2.8%. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s dividend payout ratio is currently 74.32%.

Analyst Ratings Changes

LMT has been the subject of several recent research reports. Vertical Research restated a “hold” rating and issued a $460.00 price target on shares of Lockheed Martin in a research note on Tuesday, July 22nd. Susquehanna boosted their price target on Lockheed Martin from $490.00 to $590.00 and gave the company a “positive” rating in a research note on Thursday, October 9th. Bank of America cut their target price on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a research report on Thursday, August 21st. The Goldman Sachs Group upped their target price on Lockheed Martin from $398.00 to $425.00 and gave the company a “sell” rating in a research report on Friday, October 10th. Finally, Alembic Global Advisors upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating in a research report on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $510.29.

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.