Lockheed Martin Corporation $LMT Shares Sold by Birmingham Capital Management Co. Inc. AL

Birmingham Capital Management Co. Inc. AL decreased its stake in Lockheed Martin Corporation (NYSE:LMT) by 0.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,115 shares of the aerospace company’s stock after selling 65 shares during the period. Lockheed Martin accounts for 2.7% of Birmingham Capital Management Co. Inc. AL’s investment portfolio, making the stock its 9th largest holding. Birmingham Capital Management Co. Inc. AL’s holdings in Lockheed Martin were worth $6,074,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Entropy Technologies LP boosted its holdings in shares of Lockheed Martin by 410.2% in the 1st quarter. Entropy Technologies LP now owns 17,626 shares of the aerospace company’s stock valued at $7,874,000 after buying an additional 14,171 shares in the last quarter. PTM Wealth Management LLC acquired a new stake in Lockheed Martin during the 1st quarter worth $377,000. Empowered Funds LLC boosted its stake in Lockheed Martin by 21.2% during the 1st quarter. Empowered Funds LLC now owns 40,380 shares of the aerospace company’s stock worth $18,038,000 after purchasing an additional 7,052 shares during the period. Financial Gravity Asset Management Inc. acquired a new stake in Lockheed Martin during the 1st quarter worth $413,000. Finally, Founders Capital Management boosted its stake in Lockheed Martin by 46.9% during the 2nd quarter. Founders Capital Management now owns 14,568 shares of the aerospace company’s stock worth $6,747,000 after purchasing an additional 4,648 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Up 0.4%

LMT stock opened at $495.24 on Monday. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $618.95. The stock has a market capitalization of $115.62 billion, a PE ratio of 27.89, a price-to-earnings-growth ratio of 1.74 and a beta of 0.28. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98. The company has a fifty day moving average of $471.93 and a 200-day moving average of $464.85.

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

Lockheed Martin Increases Dividend

The business also recently declared 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. The ex-dividend date is Monday, December 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.8%. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s payout ratio is 74.32%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on LMT shares. Bank of America decreased their price target on shares of Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a research note on Thursday, August 21st. JPMorgan Chase & Co. decreased their price target on shares of Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating for the company in a research note on Wednesday, July 23rd. Vertical Research reiterated a “hold” rating and set a $460.00 price target on shares of Lockheed Martin in a research note on Tuesday, July 22nd. Sanford C. Bernstein set a $551.00 price target on shares of Lockheed Martin and gave the stock a “market perform” rating in a research note on Monday, July 14th. Finally, Morgan Stanley increased their price target on shares of Lockheed Martin from $530.00 to $630.00 and gave the stock an “overweight” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $510.29.

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.