AXQ Capital LP Sells 3,032 Shares of Lockheed Martin Corporation $LMT

AXQ Capital LP reduced its stake in Lockheed Martin Corporation (NYSE:LMT) by 70.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,261 shares of the aerospace company’s stock after selling 3,032 shares during the quarter. AXQ Capital LP’s holdings in Lockheed Martin were worth $584,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Journey Strategic Wealth LLC raised its stake in shares of Lockheed Martin by 115.3% in the second quarter. Journey Strategic Wealth LLC now owns 2,267 shares of the aerospace company’s stock worth $1,050,000 after buying an additional 1,214 shares during the period. Legal & General Group Plc increased its holdings in Lockheed Martin by 0.6% in the 2nd quarter. Legal & General Group Plc now owns 959,510 shares of the aerospace company’s stock worth $444,387,000 after acquiring an additional 6,073 shares in the last quarter. YANKCOM Partnership raised its stake in Lockheed Martin by 8.2% during the 2nd quarter. YANKCOM Partnership now owns 2,565 shares of the aerospace company’s stock worth $1,188,000 after acquiring an additional 194 shares during the period. Entropy Technologies LP raised its stake in Lockheed Martin by 44.7% during the 2nd quarter. Entropy Technologies LP now owns 25,511 shares of the aerospace company’s stock worth $11,815,000 after acquiring an additional 7,885 shares during the period. Finally, Magnetar Financial LLC lifted its holdings in Lockheed Martin by 60.6% during the second quarter. Magnetar Financial LLC now owns 20,222 shares of the aerospace company’s stock valued at $9,366,000 after purchasing an additional 7,633 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Insider Transactions at Lockheed Martin

In other Lockheed Martin news, COO John Frank A. St sold 7,792 shares of Lockheed Martin stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $491.04, for a total transaction of $3,826,183.68. Following the completion of the transaction, the chief operating officer directly owned 1 shares of the company’s stock, valued at $491.04. The trade was a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LMT. Alembic Global Advisors raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a research note on Thursday, August 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Lockheed Martin in a research note on Wednesday, October 8th. Morgan Stanley raised their price target on Lockheed Martin from $530.00 to $630.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. The Goldman Sachs Group upped their price objective on Lockheed Martin from $398.00 to $425.00 and gave the stock a “sell” rating in a research note on Friday, October 10th. Finally, UBS Group cut their target price on Lockheed Martin from $514.00 to $513.00 and set a “neutral” rating for the company in a research report on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $515.50.

Lockheed Martin Stock Performance

Lockheed Martin stock opened at $460.15 on Friday. The company’s 50-day moving average price is $484.68 and its 200-day moving average price is $466.88. 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 company has a market cap of $106.48 billion, a PE ratio of 25.69, a price-to-earnings-growth ratio of 1.69 and a beta of 0.25. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $546.00.

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

Lockheed Martin Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be issued a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a yield of 3.0%. The ex-dividend date is Monday, December 1st. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s payout ratio is currently 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.