XML Financial LLC Cuts Stock Position in Lockheed Martin Corporation $LMT

XML Financial LLC lowered its position in Lockheed Martin Corporation (NYSE:LMT) by 14.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 7,093 shares of the aerospace company’s stock after selling 1,168 shares during the quarter. XML Financial LLC’s holdings in Lockheed Martin were worth $3,431,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. United Financial Planning Group LLC purchased a new position in shares of Lockheed Martin in the 3rd quarter worth approximately $25,000. Tucker Asset Management LLC purchased a new position in shares of Lockheed Martin in the 4th quarter worth approximately $32,000. Beacon Financial Strategies CORP purchased a new position in shares of Lockheed Martin in the 4th quarter worth approximately $34,000. Wexford Capital LP purchased a new position in shares of Lockheed Martin in the 3rd quarter worth approximately $36,000. Finally, Torren Management LLC purchased a new position in shares of Lockheed Martin in the 4th quarter worth approximately $38,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on LMT shares. JPMorgan Chase & Co. dropped their target price on shares of Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Jefferies Financial Group reissued a “hold” rating and set a $595.00 target price on shares of Lockheed Martin in a research report on Sunday, April 26th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Lockheed Martin from $615.00 to $575.00 and set a “hold” rating on the stock in a research report on Friday, April 24th. Bank of America dropped their target price on shares of Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating on the stock in a research report on Friday, April 24th. Finally, Royal Bank Of Canada dropped their target price on shares of Lockheed Martin from $650.00 to $575.00 and set a “sector perform” rating on the stock in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $620.68.

Lockheed Martin Stock Up 1.0%

NYSE:LMT opened at $524.13 on Friday. The company has a market cap of $120.84 billion, a PE ratio of 25.38, a P/E/G ratio of 0.95 and a beta of 0.10. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $692.00. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 2.74. The company’s 50 day moving average is $556.10 and its two-hundred day moving average is $560.17.

Lockheed Martin (NYSE:LMT) last released its earnings results on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share for the quarter, missing the consensus estimate of $6.79 by ($0.35). The company had revenue of $18.02 billion for the quarter, compared to analysts’ expectations of $18.38 billion. Lockheed Martin had a return on equity of 101.64% and a net margin of 6.38%.The firm’s revenue for the quarter was up .3% on a year-over-year basis. During the same period in the prior year, the firm posted $7.28 EPS. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Analysts anticipate that Lockheed Martin Corporation will post 29.88 EPS for the current year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Monday, June 1st will be issued a $3.45 dividend. This represents a $13.80 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, June 1st. Lockheed Martin’s dividend payout ratio is 66.83%.

About Lockheed Martin

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.