Lockheed Martin Corporation $LMT Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC cut its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 3.2% during the 4th quarter, Holdings Channel reports. The firm owned 36,934 shares of the aerospace company’s stock after selling 1,234 shares during the period. Great Lakes Advisors LLC’s holdings in Lockheed Martin were worth $17,864,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. United Financial Planning Group LLC acquired a new position in shares of Lockheed Martin during the 3rd quarter valued at $25,000. Tucker Asset Management LLC acquired a new position in shares of Lockheed Martin during the 4th quarter valued at $32,000. Beacon Financial Strategies CORP acquired a new position in shares of Lockheed Martin during the 4th quarter valued at $34,000. Wexford Capital LP acquired a new position in shares of Lockheed Martin during the 3rd quarter valued at $36,000. Finally, Torren Management LLC acquired a new position in shares of Lockheed Martin during the 4th quarter valued at $38,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Performance

Shares of NYSE LMT opened at $548.92 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 2.74. The stock has a market capitalization of $126.56 billion, a price-to-earnings ratio of 26.58, a PEG ratio of 0.95 and a beta of 0.10. The stock’s fifty day simple moving average is $549.70 and its 200 day simple moving average is $562.57. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $692.00.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $6.79 by ($0.35). The company had revenue of $18.02 billion during the quarter, compared to analyst estimates of $18.38 billion. Lockheed Martin had a return on equity of 101.64% and a net margin of 6.38%.The business’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $7.28 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. As a group, sell-side analysts forecast that Lockheed Martin Corporation will post 29.88 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Monday, June 1st will be issued a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Monday, June 1st. Lockheed Martin’s payout ratio is presently 66.83%.

Wall Street Analyst Weigh In

LMT has been the topic of several research analyst reports. Citigroup lowered their price target on Lockheed Martin from $675.00 to $571.00 and set a “neutral” rating on the stock in a research report on Monday, May 18th. Bank of America lowered their price target on Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating on the stock in a research report on Friday, April 24th. Jefferies Financial Group reiterated a “hold” rating and set a $595.00 price target on shares of Lockheed Martin in a research report on Sunday, April 26th. Wall Street Zen cut Lockheed Martin from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Finally, TD Cowen decreased their target price on Lockheed Martin from $670.00 to $600.00 and set a “hold” rating on the stock in a report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Lockheed Martin presently has a consensus rating of “Hold” and an average target price of $620.68.

Lockheed Martin Profile

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.