Lockheed Martin Corporation $LMT Stock Sold by Machina Capital S.A.S.

Machina Capital S.A.S. decreased its holdings in Lockheed Martin Corporation (NYSE:LMT) by 33.1% in the third quarter, Holdings Channel reports. The firm owned 6,688 shares of the aerospace company’s stock after selling 3,308 shares during the period. Machina Capital S.A.S.’s holdings in Lockheed Martin were worth $3,406,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LMT. Trek Financial LLC increased its position in Lockheed Martin by 1.2% during the 3rd quarter. Trek Financial LLC now owns 1,405 shares of the aerospace company’s stock valued at $715,000 after buying an additional 16 shares in the last quarter. Cahaba Wealth Management Inc. raised its stake in Lockheed Martin by 3.2% in the third quarter. Cahaba Wealth Management Inc. now owns 542 shares of the aerospace company’s stock valued at $276,000 after buying an additional 17 shares during the last quarter. Third View Private Wealth LLC boosted its holdings in Lockheed Martin by 2.0% in the third quarter. Third View Private Wealth LLC now owns 886 shares of the aerospace company’s stock worth $451,000 after acquiring an additional 17 shares in the last quarter. Henderson Brothers Financial Partners LLC boosted its holdings in Lockheed Martin by 2.7% in the third quarter. Henderson Brothers Financial Partners LLC now owns 641 shares of the aerospace company’s stock worth $327,000 after acquiring an additional 17 shares in the last quarter. Finally, Beacon Capital Management LLC boosted its holdings in Lockheed Martin by 4.5% in the second quarter. Beacon Capital Management LLC now owns 442 shares of the aerospace company’s stock worth $225,000 after acquiring an additional 19 shares in the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Price Performance

NYSE LMT opened at $608.94 on Thursday. The company has a market cap of $140.67 billion, a price-to-earnings ratio of 21.63, a PEG ratio of 1.28 and a beta of 0.07. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.26 and a quick ratio of 1.10. The stock’s fifty day moving average price is $550.90 and its 200 day moving average price is $569.81. Lockheed Martin Corporation has a 1 year low of $437.25 and a 1 year high of $692.00.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Thursday, October 22nd. The aerospace company reported $7.97 EPS for the quarter, topping analysts’ consensus estimates of $7.52 by $0.45. Lockheed Martin had a return on equity of 83.41% and a net margin of 8.23%. The company had revenue of $20.71 billion during the quarter, compared to analysts’ expectations of $20.48 billion. During the same quarter in the previous year, the firm posted $6.95 EPS. The firm’s revenue was up 11.3% compared to the same quarter last year. As a group, equities research analysts forecast that Lockheed Martin Corporation will post 30.66 earnings per share for the current year.

Lockheed Martin Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 1st will be issued a $3.60 dividend. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.45. This represents a $14.40 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, December 1st. Lockheed Martin’s dividend payout ratio is currently 49.02%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on LMT. Robert W. Baird set a $700.00 price target on Lockheed Martin in a research note on Friday, July 24th. Sanford C. Bernstein decreased their price objective on shares of Lockheed Martin from $629.00 to $564.00 and set a “market perform” rating for the company in a research report on Wednesday, October 14th. Barclays increased their price objective on shares of Lockheed Martin from $554.00 to $560.00 and gave the company an “equal weight” rating in a research report on Friday, October 23rd. Jefferies Financial Group reiterated a “hold” rating and issued a $615.00 target price on shares of Lockheed Martin in a research note on Sunday, October 25th. Finally, Weiss Ratings raised shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 9th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Lockheed Martin currently has an average rating of “Moderate Buy” and an average target price of $647.00.

Recent Lockheed Martin Headlines

Investors following LMT have been watching these headlines:

• Positive Sentiment: Lockheed Martin says it has delivered 100,000 Guided Multiple Launch Rocket System (GMLRS) rockets and is expanding production. A successful ground test of a new General Dynamics solid rocket motor is another step toward faster output, with qualification targeted for 2027. The milestone supports the company’s ability to meet missile demand. More Rockets, Faster: Lockheed Martin Reaches Major GMLRS Production Milestone
• Positive Sentiment: Recent commentary points to a record $292 billion backlog, existing contracts and an F-35 framework that supports planning and investment. Those factors provide revenue visibility despite debate over next year’s defense budget. Lockheed Martin Stock (LMT) Looks Attractive Despite the Budget Debate
• Negative Sentiment: Uncertainty about next year’s Pentagon budget could weigh on investor expectations for future defense spending. The existing backlog and contracts may cushion this risk, but do not eliminate it. Lockheed Martin Stock Looks Attractive Despite the Budget Debate

About Lockheed Martin

Lockheed Martin Corporation is a global security and aerospace company headquartered in Bethesda, Maryland. Formed in 1995 through the merger of Lockheed Corporation and Martin Marietta, the company develops and produces advanced defense, aerospace, and technology systems for government and commercial customers. Its principal business areas include Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. Products and services include military aircraft such as the F-35 Lightning II, C-130 Hercules, and F-16 Fighting Falcon; missile-defense and precision-strike systems; helicopters and naval systems; command, control, communications, and intelligence technologies; satellites; space exploration systems; and other classified space and defense programs.