Gables Capital Management Inc. Cuts Position in Lockheed Martin Corporation $LMT

Gables Capital Management Inc. decreased its position in Lockheed Martin Corporation (NYSE:LMT) by 8.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,951 shares of the aerospace company’s stock after selling 175 shares during the quarter. Gables Capital Management Inc.’s holdings in Lockheed Martin were worth $904,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mid American Wealth Advisory Group Inc. purchased a new stake in Lockheed Martin in the second quarter valued at approximately $28,000. TruNorth Capital Management LLC purchased a new stake in Lockheed Martin in the first quarter valued at approximately $31,000. Frazier Financial Advisors LLC purchased a new stake in Lockheed Martin in the second quarter valued at approximately $34,000. GFG Capital LLC acquired a new position in shares of Lockheed Martin in the second quarter worth $43,000. Finally, Bernard Wealth Management Corp. grew its stake in shares of Lockheed Martin by 251.9% in the second quarter. Bernard Wealth Management Corp. now owns 95 shares of the aerospace company’s stock worth $44,000 after acquiring an additional 68 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $489.09 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47. The firm has a fifty day moving average price of $474.67 and a 200 day moving average price of $465.52. The company has a market cap of $114.19 billion, a P/E ratio of 27.54, a PEG ratio of 1.78 and a beta of 0.28. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $608.34.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, topping analysts’ consensus estimates of $6.33 by $0.62. The firm had revenue of $18.61 billion during the quarter, compared to the consensus estimate of $18.45 billion. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The company’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $6.84 earnings per share. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. Sell-side analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be paid a $3.45 dividend. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. This represents a $13.80 annualized dividend and a yield of 2.8%. The ex-dividend date is Monday, December 1st. Lockheed Martin’s payout ratio is currently 77.70%.

Wall Street Analyst Weigh In

LMT has been the subject of several research reports. Weiss Ratings restated a “hold (c)” rating on shares of Lockheed Martin in a research note on Wednesday, October 8th. Sanford C. Bernstein boosted their price target on shares of Lockheed Martin from $497.00 to $545.00 and gave the stock a “market perform” rating in a research note on Monday. Wall Street Zen downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. Deutsche Bank Aktiengesellschaft set a $519.00 price target on shares of Lockheed Martin and gave the stock a “hold” rating in a research note on Wednesday, October 8th. Finally, Alembic Global Advisors upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a research note on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Lockheed Martin has a consensus rating of “Hold” and an average target price of $515.35.

About Lockheed Martin

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.