Lockheed Martin Corporation $LMT Shares Sold by Rathbones Group PLC

Rathbones Group PLC trimmed its position in Lockheed Martin Corporation (NYSE:LMT) by 92.0% in the first quarter, Holdings Channel.com reports. The fund owned 16,022 shares of the aerospace company’s stock after selling 183,467 shares during the period. Rathbones Group PLC’s holdings in Lockheed Martin were worth $9,684,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Basso Capital Management L.P. acquired a new position in shares of Lockheed Martin in the 4th quarter valued at about $25,000. United Financial Planning Group LLC acquired a new stake in Lockheed Martin during the third quarter worth about $25,000. Clarity Asset Management Inc. acquired a new stake in Lockheed Martin during the fourth quarter worth about $26,000. Triumph Capital Management lifted its holdings in Lockheed Martin by 66.7% in the fourth quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 22 shares during the last quarter. Finally, Bard Associates Inc. acquired a new position in Lockheed Martin in the fourth quarter valued at approximately $27,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

LMT has been the topic of a number of research reports. DZ Bank upgraded Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. reduced their price objective on Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. TD Cowen lowered their price objective on Lockheed Martin from $600.00 to $560.00 and set a “hold” rating for the company in a research note on Monday, July 13th. Royal Bank Of Canada increased their target price on Lockheed Martin from $575.00 to $600.00 and gave the stock a “sector perform” rating in a research report on Friday, July 24th. Finally, Robert W. Baird set a $700.00 target price on Lockheed Martin in a research note on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $626.33.

Lockheed Martin Trading Up 0.6%

Shares of NYSE:LMT opened at $586.28 on Tuesday. The company has a 50 day moving average of $529.97 and a 200-day moving average of $575.66. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 2.34. The firm has a market cap of $135.31 billion, a P/E ratio of 21.61, a P/E/G ratio of 1.00 and a beta of 0.10. Lockheed Martin Corporation has a twelve month low of $419.00 and a twelve month high of $692.00.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, beating analysts’ consensus estimates of $7.22 by $0.72. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The business had revenue of $20.06 billion for the quarter, compared to analyst estimates of $19.34 billion. During the same quarter last year, the business earned $1.46 earnings per share. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. As a group, analysts anticipate that Lockheed Martin Corporation will post 30.31 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Tuesday, September 1st will be paid a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, September 1st. Lockheed Martin’s payout ratio is currently 50.87%.

About Lockheed Martin

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.