RBO & Co. LLC Sells 1,057 Shares of Lockheed Martin Corporation $LMT

RBO & Co. LLC trimmed its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 4.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,977 shares of the aerospace company’s stock after selling 1,057 shares during the quarter. Lockheed Martin makes up approximately 1.7% of RBO & Co. LLC’s holdings, making the stock its 27th largest position. RBO & Co. LLC’s holdings in Lockheed Martin were worth $10,711,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of LMT. Eagle Capital Management LLC boosted its position in Lockheed Martin by 0.3% during the 4th quarter. Eagle Capital Management LLC now owns 10,827 shares of the aerospace company’s stock valued at $5,261,000 after acquiring an additional 32 shares in the last quarter. Brighton Jones LLC boosted its position in Lockheed Martin by 5.0% during the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock valued at $1,941,000 after acquiring an additional 191 shares in the last quarter. Integrated Wealth Concepts LLC boosted its position in shares of Lockheed Martin by 16.8% in the 4th quarter. Integrated Wealth Concepts LLC now owns 13,389 shares of the aerospace company’s stock worth $6,506,000 after purchasing an additional 1,928 shares in the last quarter. Voya Investment Management LLC boosted its position in shares of Lockheed Martin by 7.8% in the 4th quarter. Voya Investment Management LLC now owns 90,717 shares of the aerospace company’s stock worth $44,083,000 after purchasing an additional 6,601 shares in the last quarter. Finally, Stonebridge Capital Advisors LLC boosted its position in shares of Lockheed Martin by 5.4% in the 4th quarter. Stonebridge Capital Advisors LLC now owns 647 shares of the aerospace company’s stock worth $314,000 after purchasing an additional 33 shares in the last quarter. 74.19% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

LMT has been the topic of a number of analyst reports. Truist Financial cut Lockheed Martin from a “buy” rating to a “hold” rating and dropped their price target for the stock from $554.00 to $440.00 in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. dropped their price target on Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 23rd. Bank of America dropped their price target on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating on the stock in a research report on Thursday. Jefferies Financial Group dropped their price target on Lockheed Martin from $510.00 to $500.00 and set a “hold” rating on the stock in a research report on Monday, April 28th. Finally, TD Cowen reissued a “hold” rating and issued a $480.00 price target (down from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and fourteen have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $506.35.

Lockheed Martin Stock Performance

LMT stock opened at $445.7320 on Friday. The stock has a market capitalization of $104.06 billion, a PE ratio of 25.10, a price-to-earnings-growth ratio of 1.57 and a beta of 0.27. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $618.95. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47. The stock’s 50 day simple moving average is $448.65 and its 200 day simple moving average is $456.29.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.57 by $0.72. The business had revenue of $18.16 billion for the quarter, compared to analysts’ expectations of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the firm posted $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, research analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be given a $3.30 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $13.20 annualized dividend and a yield of 3.0%. Lockheed Martin’s dividend payout ratio is 74.32%.

Lockheed Martin 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.