Buckhead Capital Management LLC Decreases Holdings in Lockheed Martin Corporation $LMT

Buckhead Capital Management LLC reduced its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 41.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,536 shares of the aerospace company’s stock after selling 1,071 shares during the quarter. Buckhead Capital Management LLC’s holdings in Lockheed Martin were worth $767,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Mid American Wealth Advisory Group Inc. acquired a new position in Lockheed Martin in the second quarter valued at approximately $28,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Lockheed Martin during the 2nd quarter worth approximately $29,000. Frazier Financial Advisors LLC acquired a new position in shares of Lockheed Martin in the 2nd quarter valued at $34,000. MTM Investment Management LLC acquired a new position in shares of Lockheed Martin in the 2nd quarter valued at $36,000. Finally, Kilter Group LLC purchased a new position in shares of Lockheed Martin in the 2nd quarter valued at $40,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Insider Buying and Selling

In other news, COO John Frank A. St sold 7,792 shares of the firm’s stock in a transaction 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 sale, the chief operating officer owned 1 shares in the company, valued at approximately $491.04. This trade represents a 99.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.14% of the company’s stock.

Lockheed Martin Stock Down 1.1%

LMT opened at $469.80 on Friday. The business has a 50 day moving average price of $473.21 and a two-hundred day moving average price of $465.72. 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 $108.71 billion, a PE ratio of 26.23, a P/E/G ratio of 1.44 and a beta of 0.24. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $516.00.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share for the quarter, beating 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 the consensus estimate of $18.45 billion. During the same period last year, the business posted $6.84 EPS. The company’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. As a group, research analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on LMT shares. Alembic Global Advisors raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a research report on Thursday, August 28th. Bank of America reduced their target price on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a report on Thursday, August 21st. Truist Financial raised their price target on Lockheed Martin from $440.00 to $500.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th. Robert W. Baird lifted their price target on Lockheed Martin from $500.00 to $550.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. Finally, Citigroup initiated coverage on Lockheed Martin in a report on Thursday, December 11th. They issued a “neutral” rating and a $505.00 price objective for the company. 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $503.89.

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.