BXM Wealth LLC Decreases Stock Holdings in Lockheed Martin Corporation $LMT

BXM Wealth LLC trimmed its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 98.9% in the 1st quarter, HoldingsChannel.com reports. The fund owned 474 shares of the aerospace company’s stock after selling 41,510 shares during the quarter. BXM Wealth LLC’s holdings in Lockheed Martin were worth $286,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of LMT. Diamant Asset Management Inc. increased its holdings in Lockheed Martin by 60,339.0% during the 1st quarter. Diamant Asset Management Inc. now owns 879,387 shares of the aerospace company’s stock valued at $531,493,000 after purchasing an additional 877,932 shares during the period. AQR Capital Management LLC lifted its holdings in Lockheed Martin by 107.3% in the 4th quarter. AQR Capital Management LLC now owns 1,293,823 shares of the aerospace company’s stock worth $625,784,000 after buying an additional 669,604 shares during the period. Morgan Stanley lifted its holdings in Lockheed Martin by 10.1% in the 4th quarter. Morgan Stanley now owns 5,728,551 shares of the aerospace company’s stock worth $2,770,729,000 after buying an additional 527,523 shares during the period. Sanders Capital LLC bought a new stake in shares of Lockheed Martin in the 3rd quarter worth approximately $252,699,000. Finally, Corient Private Wealth LLC grew its position in shares of Lockheed Martin by 203.3% in the 4th quarter. Corient Private Wealth LLC now owns 560,363 shares of the aerospace company’s stock worth $271,031,000 after buying an additional 375,622 shares during the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Stock Down 1.0%

NYSE:LMT opened at $502.53 on Tuesday. The firm’s 50-day moving average price is $524.08 and its 200-day moving average price is $567.73. The company has a market capitalization of $115.86 billion, a PE ratio of 24.34, a P/E/G ratio of 0.92 and a beta of 0.10. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.14 and a quick ratio of 0.94. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $692.00.

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

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Monday, June 1st were paid a dividend of $3.45 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.7%. Lockheed Martin’s dividend payout ratio (DPR) is currently 66.83%.

Analysts Set New Price Targets

LMT has been the subject of a number of recent analyst reports. Jefferies Financial Group set a $575.00 target price on Lockheed Martin in a report on Thursday. Wall Street Zen cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Wells Fargo & Company initiated coverage on shares of Lockheed Martin in a report on Wednesday, April 1st. They issued an “equal weight” rating and a $650.00 price objective for the company. Morgan Stanley cut their target price on shares of Lockheed Martin from $675.00 to $653.00 and set an “equal weight” rating on the stock in a research note on Friday, April 24th. Finally, Susquehanna reduced their price target on shares of Lockheed Martin from $740.00 to $700.00 and set a “positive” rating on the stock in a research report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Lockheed Martin presently has a consensus rating of “Hold” and an average price target of $619.63.

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.