Logan Capital Management Inc. Sells 985 Shares of Lockheed Martin Corporation $LMT

Logan Capital Management Inc. cut its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 8.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,731 shares of the aerospace company’s stock after selling 985 shares during the quarter. Logan Capital Management Inc.’s holdings in Lockheed Martin were worth $4,970,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of LMT. GWN Securities Inc. grew its position in Lockheed Martin by 34.9% during the 2nd quarter. GWN Securities Inc. now owns 13,408 shares of the aerospace company’s stock valued at $6,327,000 after purchasing an additional 3,472 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its holdings in Lockheed Martin by 26.4% in the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 15,800 shares of the aerospace company’s stock worth $7,318,000 after buying an additional 3,300 shares during the last quarter. Advisory Alpha LLC lifted its stake in shares of Lockheed Martin by 12.1% in the second quarter. Advisory Alpha LLC now owns 2,397 shares of the aerospace company’s stock worth $1,111,000 after buying an additional 258 shares in the last quarter. SYM FINANCIAL Corp lifted its stake in shares of Lockheed Martin by 23.2% in the second quarter. SYM FINANCIAL Corp now owns 585 shares of the aerospace company’s stock worth $271,000 after buying an additional 110 shares in the last quarter. Finally, Shilanski & Associates Inc. grew its holdings in shares of Lockheed Martin by 1.5% during the second quarter. Shilanski & Associates Inc. now owns 5,895 shares of the aerospace company’s stock valued at $2,730,000 after buying an additional 87 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Price Performance

Shares of LMT opened at $486.96 on Tuesday. The firm has a fifty day simple moving average of $478.44 and a two-hundred day simple moving average of $466.74. The firm has a market cap of $112.68 billion, a PE ratio of 27.19, a P/E/G ratio of 1.69 and a beta of 0.28. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 3.32. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $576.43.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, topping the consensus estimate of $6.33 by $0.62. The company had revenue of $18.61 billion during the quarter, compared to analyst estimates of $18.45 billion. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.Lockheed Martin’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.84 earnings per share. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. On average, equities analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be paid a dividend of $3.45 per share. 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 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 brokerages recently weighed in on LMT. TD Cowen restated a “hold” rating and issued a $480.00 price objective (down from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. Robert W. Baird lifted their target price on Lockheed Martin from $500.00 to $550.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. Bank of America decreased their price target on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a research note on Thursday, August 21st. Susquehanna upped their price target on Lockheed Martin from $490.00 to $590.00 and gave the company a “positive” rating in a report on Thursday, October 9th. Finally, UBS Group dropped their price objective on Lockheed Martin from $514.00 to $513.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 22nd. One equities 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 issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $513.47.

Insider Activity at Lockheed Martin

In other news, COO John Frank A. St sold 7,792 shares of the stock in a transaction that occurred 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 transaction, the chief operating officer owned 1 shares in the company, valued at $491.04. This represents a 99.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is owned by insiders.

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.