Mutual of America Capital Management LLC Reduces Stock Holdings in Lockheed Martin Corporation $LMT

Mutual of America Capital Management LLC lowered its position in Lockheed Martin Corporation (NYSE:LMT) by 1.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,878 shares of the aerospace company’s stock after selling 450 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Lockheed Martin were worth $11,059,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. TruNorth Capital Management LLC purchased a new stake in Lockheed Martin during the 1st quarter worth about $31,000. Frazier Financial Advisors LLC purchased a new stake in Lockheed Martin during the 2nd quarter worth about $34,000. GFG Capital LLC purchased a new stake in Lockheed Martin during the 2nd quarter worth about $43,000. Bernard Wealth Management Corp. increased its position in Lockheed Martin by 251.9% during the 2nd quarter. Bernard Wealth Management Corp. now owns 95 shares of the aerospace company’s stock worth $44,000 after purchasing an additional 68 shares in the last quarter. Finally, EQ Wealth Advisors LLC purchased a new stake in Lockheed Martin during the 1st quarter worth about $43,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

LMT has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft set a $519.00 price objective on Lockheed Martin and gave the stock a “hold” rating in a research report on Wednesday, October 8th. Alembic Global Advisors upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating in a research report on Thursday, August 28th. Sanford C. Bernstein set a $551.00 price target on Lockheed Martin and gave the company a “market perform” rating in a report on Monday, July 14th. Vertical Research restated a “hold” rating and issued a $460.00 price target on shares of Lockheed Martin in a report on Tuesday, July 22nd. Finally, Robert W. Baird lifted their price target on Lockheed Martin from $500.00 to $550.00 and gave the company an “outperform” rating in a report on Monday, October 6th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $510.29.

Lockheed Martin Stock Up 0.4%

LMT opened at $495.24 on Monday. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83. The stock has a market capitalization of $115.62 billion, a price-to-earnings ratio of 27.89, a price-to-earnings-growth ratio of 1.74 and a beta of 0.28. The business has a 50-day moving average of $471.93 and a two-hundred day moving average of $464.85. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $618.95.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share 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 analyst estimates of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The company’s revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the company posted $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. On average, research analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders 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 dividend yield of 2.8%. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s dividend payout ratio is presently 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.