American Century Companies Inc. Cuts Holdings in Lockheed Martin Corporation $LMT

American Century Companies Inc. decreased its holdings in Lockheed Martin Corporation (NYSE:LMT) by 6.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 130,080 shares of the aerospace company’s stock after selling 9,007 shares during the period. American Century Companies Inc. owned about 0.06% of Lockheed Martin worth $60,245,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of LMT. Mid American Wealth Advisory Group Inc. purchased a new position in Lockheed Martin in the 2nd quarter worth about $28,000. Frazier Financial Advisors LLC bought a new stake in shares of Lockheed Martin in the second quarter worth approximately $34,000. MTM Investment Management LLC purchased a new position in shares of Lockheed Martin during the second quarter valued at approximately $36,000. GFG Capital LLC purchased a new position in shares of Lockheed Martin during the second quarter valued at approximately $43,000. Finally, Bernard Wealth Management Corp. lifted its position in Lockheed Martin by 251.9% during the second quarter. Bernard Wealth Management Corp. now owns 95 shares of the aerospace company’s stock valued at $44,000 after purchasing an additional 68 shares during the period. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analysts Set New Price Targets

LMT has been the subject of a number of research analyst reports. UBS Group cut their target price on shares of Lockheed Martin from $514.00 to $513.00 and set a “neutral” rating for the company in a research report on Wednesday, October 22nd. Wall Street Zen raised Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 22nd. Deutsche Bank Aktiengesellschaft set a $519.00 price objective on Lockheed Martin and gave the company a “hold” rating in a research report on Wednesday, October 8th. Robert W. Baird increased their target price on Lockheed Martin from $500.00 to $550.00 and gave the company an “outperform” rating in a report on Monday, October 6th. Finally, Sanford C. Bernstein boosted their price target on Lockheed Martin from $497.00 to $545.00 and gave the company a “market perform” rating in a research note on Monday, October 20th. Two investment 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 assigned a Sell rating to the stock. According to MarketBeat.com, Lockheed Martin presently has an average rating of “Hold” and a consensus target price of $515.50.

Insider Buying and Selling at Lockheed Martin

In related news, COO John Frank A. St sold 7,792 shares of the stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $491.04, for a total transaction of $3,826,183.68. Following the sale, the chief operating officer owned 1 shares in the company, valued at approximately $491.04. This represents a 99.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

Lockheed Martin Trading Up 0.6%

LMT stock opened at $454.95 on Friday. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.13 and a quick ratio of 0.97. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $529.99. The business has a 50 day simple moving average of $483.08 and a two-hundred day simple moving average of $466.38. The company has a market capitalization of $105.27 billion, a price-to-earnings ratio of 25.40, a PEG ratio of 1.69 and a beta of 0.25.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, beating the consensus estimate of $6.33 by $0.62. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The business had revenue of $18.61 billion during the quarter, compared to the consensus estimate of $18.45 billion. During the same quarter in the prior year, the firm earned $6.84 EPS. The business’s revenue was up 8.8% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. Research analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st will be issued a $3.45 dividend. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. The ex-dividend date is Monday, December 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 3.0%. Lockheed Martin’s dividend payout ratio (DPR) is presently 77.05%.

Lockheed Martin Company Profile

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.