Lockheed Martin Corporation $LMT Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC lowered its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 14.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 139,986 shares of the aerospace company’s stock after selling 22,861 shares during the quarter. Hsbc Holdings PLC’s holdings in Lockheed Martin were worth $67,869,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in LMT. Redwood Family Wealth LLC bought a new position in Lockheed Martin during the 4th quarter valued at $441,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of Lockheed Martin in the 4th quarter worth about $73,000. Worthington Financial Partners LLC bought a new stake in shares of Lockheed Martin in the 4th quarter worth about $314,000. Bayban acquired a new stake in shares of Lockheed Martin in the 4th quarter valued at about $271,000. Finally, Taylor Securities Services Inc. acquired a new stake in shares of Lockheed Martin in the 4th quarter valued at about $2,269,000. Institutional investors own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on LMT shares. Susquehanna decreased their price target on Lockheed Martin from $740.00 to $700.00 and set a “positive” rating for the company in a research note on Friday, April 24th. TD Cowen cut their price objective on Lockheed Martin from $670.00 to $600.00 and set a “hold” rating on the stock in a research note on Friday, April 24th. Bank of America reduced their target price on Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating on the stock in a report on Friday, April 24th. Deutsche Bank Aktiengesellschaft decreased their target price on Lockheed Martin from $615.00 to $575.00 and set a “hold” rating for the company in a research report on Friday, April 24th. Finally, DZ Bank upgraded Lockheed Martin from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. One research 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 data from MarketBeat, Lockheed Martin currently has a consensus rating of “Hold” and an average target price of $620.68.

Lockheed Martin Trading Down 3.4%

NYSE LMT opened at $493.68 on Tuesday. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.94 and a current ratio of 1.14. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $692.00. The company has a 50-day simple moving average of $535.17 and a 200-day simple moving average of $566.10. The firm has a market capitalization of $113.82 billion, a PE ratio of 23.91, a price-to-earnings-growth ratio of 0.93 and a beta of 0.10.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data 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 business had revenue of $18.02 billion for the quarter, compared to analyst estimates of $18.38 billion. Lockheed Martin had a return on equity of 101.64% and a net margin of 6.38%.Lockheed Martin’s revenue was up .3% compared to the same quarter last year. During the same quarter last year, the company earned $7.28 EPS. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. On average, equities analysts forecast that Lockheed Martin Corporation will post 29.88 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Monday, June 1st will be given a dividend of $3.45 per share. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Monday, June 1st. Lockheed Martin’s dividend payout ratio is presently 66.83%.

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.