Thurston Springer Miller Herd & Titak Inc. Sells 7,135 Shares of Lockheed Martin Corporation $LMT

Thurston Springer Miller Herd & Titak Inc. trimmed its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 93.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 462 shares of the aerospace company’s stock after selling 7,135 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Lockheed Martin were worth $231,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC increased its stake in Lockheed Martin by 5.0% during the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock worth $1,941,000 after acquiring an additional 191 shares during the period. Fox Run Management L.L.C. bought a new position in shares of Lockheed Martin in the first quarter worth $302,000. Aberdeen Group plc raised its stake in Lockheed Martin by 10.5% in the first quarter. Aberdeen Group plc now owns 20,658 shares of the aerospace company’s stock valued at $9,232,000 after purchasing an additional 1,967 shares in the last quarter. Qtron Investments LLC bought a new stake in Lockheed Martin during the first quarter worth about $315,000. Finally, CWS Financial Advisors LLC grew its stake in Lockheed Martin by 3.0% during the first quarter. CWS Financial Advisors LLC now owns 1,495 shares of the aerospace company’s stock worth $668,000 after buying an additional 43 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Trading Down 1.5%

NYSE LMT opened at $477.08 on Wednesday. The company has a market cap of $110.40 billion, a price-to-earnings ratio of 26.64, a price-to-earnings-growth ratio of 1.46 and a beta of 0.24. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $516.00. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 3.32. The business’s fifty day moving average is $474.74 and its 200 day moving average is $465.62.

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

Lockheed Martin Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be issued a dividend of $3.45 per share. This represents a $13.80 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Monday, December 1st. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s payout ratio is presently 77.05%.

Insiders Place Their Bets

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

Analyst Ratings Changes

A number of analysts have recently weighed in on LMT shares. BNP Paribas raised shares of Lockheed Martin to a “strong-buy” rating in a report on Tuesday, November 18th. Citigroup started coverage on Lockheed Martin in a research note on Thursday, December 11th. They set a “neutral” rating and a $505.00 target price for the company. Morgan Stanley reaffirmed an “equal weight” rating and issued a $543.00 target price (down previously from $630.00) on shares of Lockheed Martin in a report on Tuesday. BNP Paribas Exane began coverage on Lockheed Martin in a report on Tuesday, November 18th. They set an “outperform” rating and a $550.00 price target for the company. Finally, Truist Financial raised their price objective on Lockheed Martin from $440.00 to $500.00 and gave the company a “hold” rating in a research note on Wednesday, October 15th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, seventeen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $503.89.

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.