Lockheed Martin Corporation $LMT Position Cut by Marathon Trading Investment Management LLC

Marathon Trading Investment Management LLC lowered its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 95.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 500 shares of the aerospace company’s stock after selling 9,700 shares during the period. Marathon Trading Investment Management LLC’s holdings in Lockheed Martin were worth $232,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Entropy Technologies LP boosted its stake in Lockheed Martin by 410.2% during the 1st quarter. Entropy Technologies LP now owns 17,626 shares of the aerospace company’s stock valued at $7,874,000 after purchasing an additional 14,171 shares in the last quarter. PTM Wealth Management LLC bought a new position in Lockheed Martin during the first quarter valued at about $377,000. Empowered Funds LLC boosted its stake in Lockheed Martin by 21.2% during the first quarter. Empowered Funds LLC now owns 40,380 shares of the aerospace company’s stock valued at $18,038,000 after buying an additional 7,052 shares in the last quarter. Founders Capital Management grew its holdings in Lockheed Martin by 46.9% during the second quarter. Founders Capital Management now owns 14,568 shares of the aerospace company’s stock worth $6,747,000 after acquiring an additional 4,648 shares during the period. Finally, W.H. Cornerstone Investments Inc. raised its position in Lockheed Martin by 66.6% in the first quarter. W.H. Cornerstone Investments Inc. now owns 2,219 shares of the aerospace company’s stock worth $991,000 after acquiring an additional 887 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Down 2.3%

Lockheed Martin stock opened at $457.93 on Friday. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $576.43. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.97 and a current ratio of 1.13. The firm has a market capitalization of $105.96 billion, a price-to-earnings ratio of 25.57, a P/E/G ratio of 1.69 and a beta of 0.25. The company has a 50 day moving average price of $483.98 and a 200 day moving average price of $467.51.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.33 by $0.62. The company had revenue of $18.61 billion for the quarter, compared to the consensus estimate of $18.45 billion. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The company’s revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the business earned $6.84 EPS. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. Research analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current 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 paid a $3.45 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $13.80 annualized dividend and a yield of 3.0%. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s dividend payout ratio (DPR) is currently 77.05%.

Analysts Set New Price Targets

Several research firms have recently weighed in on LMT. Robert W. Baird raised their price objective on shares of Lockheed Martin from $500.00 to $550.00 and gave the company an “outperform” rating in a research report on Monday, October 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Lockheed Martin in a research note on Wednesday, October 8th. Morgan Stanley raised their target price on shares of Lockheed Martin from $530.00 to $630.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Deutsche Bank Aktiengesellschaft set a $519.00 price target on Lockheed Martin and gave the company a “hold” rating in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. reduced their price objective on Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating for the company in a research note on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $513.47.

Insider Buying and Selling

In other Lockheed Martin news, COO John Frank A. St sold 7,792 shares of Lockheed Martin stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $491.04, for a total transaction of $3,826,183.68. Following the transaction, the chief operating officer owned 1 shares of the company’s stock, valued at $491.04. The trade was a 99.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.14% of the company’s stock.

Lockheed Martin Company 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.