Stack Financial Management Inc Sells 1,306 Shares of Lockheed Martin Corporation $LMT

Stack Financial Management Inc trimmed its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 2.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 43,403 shares of the aerospace company’s stock after selling 1,306 shares during the quarter. Lockheed Martin accounts for approximately 1.6% of Stack Financial Management Inc’s portfolio, making the stock its 25th largest position. Stack Financial Management Inc’s holdings in Lockheed Martin were worth $20,993,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Highland Capital Management LLC grew its position in shares of Lockheed Martin by 48.8% in the 4th quarter. Highland Capital Management LLC now owns 9,247 shares of the aerospace company’s stock worth $4,472,000 after buying an additional 3,032 shares during the last quarter. PKS Advisory Services LLC grew its position in shares of Lockheed Martin by 14.7% in the 4th quarter. PKS Advisory Services LLC now owns 1,146 shares of the aerospace company’s stock worth $554,000 after buying an additional 147 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Lockheed Martin by 1.5% in the 4th quarter. Principal Financial Group Inc. now owns 248,613 shares of the aerospace company’s stock worth $120,247,000 after buying an additional 3,639 shares during the last quarter. Cerro Pacific Wealth Advisors LLC grew its position in shares of Lockheed Martin by 1.2% in the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 1,376 shares of the aerospace company’s stock worth $665,000 after buying an additional 16 shares during the last quarter. Finally, QRG Capital Management Inc. grew its position in shares of Lockheed Martin by 12.8% in the 4th quarter. QRG Capital Management Inc. now owns 10,513 shares of the aerospace company’s stock worth $5,085,000 after buying an additional 1,193 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on LMT. Susquehanna cut their price objective on Lockheed Martin from $740.00 to $700.00 and set a “positive” rating on the stock in a research report on Friday, April 24th. Truist Financial lifted their price objective on Lockheed Martin from $605.00 to $695.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. The Goldman Sachs Group raised their target price on Lockheed Martin from $464.00 to $517.00 and gave the company a “sell” rating in a research note on Monday, February 2nd. Wells Fargo & Company began coverage on Lockheed Martin in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $650.00 price target for the company. Finally, BNP Paribas Exane decreased their price target on Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating for the company in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $632.58.

Lockheed Martin Price Performance

NYSE:LMT opened at $518.21 on Tuesday. 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 has a market capitalization of $119.48 billion, a P/E ratio of 25.09, a P/E/G ratio of 0.93 and a beta of 0.10. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $692.00. The business’s 50-day moving average is $617.05 and its 200 day moving average is $553.72.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data 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). Lockheed Martin had a net margin of 6.38% and a return on equity of 101.64%. The company had revenue of $18.02 billion for the quarter, compared to analysts’ expectations of $18.38 billion. During the same quarter last year, the company earned $7.28 earnings per share. The company’s revenue for the quarter was up .3% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. On average, equities research analysts forecast that Lockheed Martin Corporation will post 29.91 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 2nd were given a dividend of $3.45 per share. The ex-dividend date was Monday, March 2nd. This represents a $13.80 dividend on an annualized basis and a yield of 2.7%. Lockheed Martin’s dividend payout ratio is 66.83%.

Lockheed Martin Company 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.