Lockheed Martin Corporation $LMT Shares Sold by RFG Bristol Wealth Advisors LLC

RFG Bristol Wealth Advisors LLC lowered its holdings in Lockheed Martin Corporation (NYSE:LMT) by 43.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,425 shares of the aerospace company’s stock after selling 1,108 shares during the period. RFG Bristol Wealth Advisors LLC’s holdings in Lockheed Martin were worth $660,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in LMT. Charles Schwab Investment Management Inc. raised its holdings in shares of Lockheed Martin by 7.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 8,031,528 shares of the aerospace company’s stock valued at $3,587,444,000 after buying an additional 560,457 shares during the last quarter. Nuveen LLC purchased a new position in Lockheed Martin during the first quarter valued at approximately $221,790,000. AQR Capital Management LLC grew its stake in shares of Lockheed Martin by 76.7% in the 1st quarter. AQR Capital Management LLC now owns 808,232 shares of the aerospace company’s stock valued at $361,045,000 after buying an additional 350,796 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of Lockheed Martin by 17,506.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 304,413 shares of the aerospace company’s stock worth $135,985,000 after buying an additional 302,684 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in Lockheed Martin by 59.3% during the first quarter. The Manufacturers Life Insurance Company now owns 747,373 shares of the aerospace company’s stock worth $333,859,000 after purchasing an additional 278,121 shares during the period. Institutional investors own 74.19% of the company’s stock.

Insider Activity at Lockheed Martin

In other news, COO John Frank A. St sold 7,792 shares of the firm’s stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $491.04, for a total value of $3,826,183.68. Following the completion of the sale, the chief operating officer directly owned 1 shares in the company, valued at $491.04. This trade represents a 99.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.14% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on LMT shares. TD Cowen reaffirmed a “hold” rating and set a $480.00 target price (down previously from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. UBS Group decreased their price target on shares of Lockheed Martin from $514.00 to $513.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 22nd. Sanford C. Bernstein lifted their target price on shares of Lockheed Martin from $497.00 to $545.00 and gave the stock a “market perform” rating in a report on Monday, October 20th. The Goldman Sachs Group lifted their price objective on shares of Lockheed Martin from $398.00 to $425.00 and gave the stock a “sell” rating in a research note on Friday, October 10th. Finally, JPMorgan Chase & Co. cut their price objective on Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating on the stock in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Lockheed Martin has a consensus rating of “Hold” and a consensus price target of $513.47.

Lockheed Martin Price Performance

Lockheed Martin stock opened at $485.00 on Wednesday. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $576.43. The company has a market capitalization of $112.23 billion, a price-to-earnings ratio of 27.08, a PEG ratio of 1.69 and a beta of 0.28. The stock’s 50 day moving average is $483.29 and its 200-day moving average is $467.46. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 3.32.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share for the quarter, beating analysts’ consensus estimates of $6.33 by $0.62. The firm had revenue of $18.61 billion for the quarter, compared to the consensus estimate of $18.45 billion. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.The company’s revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the business posted $6.84 EPS. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. Equities research analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be paid a dividend of $3.45 per share. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. This represents a $13.80 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Monday, December 1st. Lockheed Martin’s payout ratio is 77.05%.

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.