Cordatus Wealth Management LLC Sells 3,989 Shares of Lockheed Martin Corporation $LMT

Cordatus Wealth Management LLC reduced its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 88.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 498 shares of the aerospace company’s stock after selling 3,989 shares during the quarter. Cordatus Wealth Management LLC’s holdings in Lockheed Martin were worth $249,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Tableaux LLC lifted its stake in shares of Lockheed Martin by 34,231.4% in the second quarter. Tableaux LLC now owns 623,115 shares of the aerospace company’s stock valued at $288,589,000 after buying an additional 621,300 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Lockheed Martin by 169.3% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 572,272 shares of the aerospace company’s stock valued at $265,030,000 after acquiring an additional 359,748 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Lockheed Martin by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 21,697,527 shares of the aerospace company’s stock worth $10,048,993,000 after acquiring an additional 214,565 shares during the period. Holocene Advisors LP acquired a new stake in shares of Lockheed Martin during the 2nd quarter worth approximately $92,628,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Lockheed Martin during the second quarter valued at approximately $89,850,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Performance

NYSE LMT opened at $511.55 on Tuesday. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $516.00. The company has a 50 day moving average of $471.28 and a 200-day moving average of $466.59. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 3.32. The firm has a market cap of $118.37 billion, a price-to-earnings ratio of 28.56, a PEG ratio of 1.41 and a beta of 0.24.

Lockheed Martin (NYSE:LMT) last released its quarterly 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 during the quarter, compared to analysts’ expectations of $18.45 billion. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.The business’s revenue was up 8.8% on a year-over-year basis. During the same period last year, the firm posted $6.84 EPS. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. On average, equities analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 1st were given a dividend of $3.45 per share. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. The ex-dividend date was Monday, December 1st. This represents a $13.80 annualized dividend and a yield of 2.7%. Lockheed Martin’s dividend payout ratio is currently 77.05%.

Wall Street Analyst Weigh In

Several research analysts recently commented on LMT shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lockheed Martin in a research report on Wednesday, October 8th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $515.00 price objective (up from $465.00) on shares of Lockheed Martin in a report on Friday, December 19th. UBS Group decreased their target price on shares of Lockheed Martin from $514.00 to $513.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 22nd. Truist Financial increased their price target on shares of Lockheed Martin from $440.00 to $500.00 and gave the stock a “hold” rating in a research report on Wednesday, October 15th. Finally, Susquehanna raised their price target on shares of Lockheed Martin from $490.00 to $590.00 and gave the stock a “positive” rating in a research note on Thursday, October 9th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, seventeen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $506.18.

Insider Buying and Selling

In other Lockheed Martin news, COO John Frank A. St sold 7,792 shares of the firm’s stock in a transaction dated 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 SEC, which can be accessed through this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

Lockheed Martin Profile

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.