First Financial Bankshares Inc Sells 1,853 Shares of Lockheed Martin Corporation $LMT

First Financial Bankshares Inc cut its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 1.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 108,515 shares of the aerospace company’s stock after selling 1,853 shares during the quarter. First Financial Bankshares Inc’s holdings in Lockheed Martin were worth $52,485,000 as of its most recent SEC filing.

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

Lockheed Martin Stock Up 4.6%

Shares of NYSE:LMT opened at $548.92 on Friday. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $692.00. The company has a market cap of $126.56 billion, a PE ratio of 26.58, a P/E/G ratio of 0.95 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. The stock’s 50-day moving average is $549.70 and its 200 day moving average is $562.57.

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

Lockheed Martin Announces Dividend

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

Analyst Ratings Changes

Several research analysts have recently commented on LMT shares. TD Cowen decreased their price objective on Lockheed Martin from $670.00 to $600.00 and set a “hold” rating on the stock in a report on Friday, April 24th. Morgan Stanley decreased their price objective on Lockheed Martin from $675.00 to $653.00 and set an “equal weight” rating on the stock in a report on Friday, April 24th. Jefferies Financial Group reiterated a “hold” rating and issued a $595.00 price objective on shares of Lockheed Martin in a report on Sunday, April 26th. Deutsche Bank Aktiengesellschaft decreased their price objective on Lockheed Martin from $615.00 to $575.00 and set a “hold” rating on the stock in a report on Friday, April 24th. Finally, Argus lifted their price objective on Lockheed Martin from $530.00 to $735.00 and gave the stock a “buy” rating in a report on Friday, March 6th. One equities research 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 assigned a Sell rating to the company. According to data from MarketBeat, the company 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.