Tufton Capital Management Decreases Stake in Lockheed Martin Corporation $LMT

Tufton Capital Management lowered its holdings in Lockheed Martin Corporation (NYSE:LMT) by 4.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,000 shares of the aerospace company’s stock after selling 854 shares during the quarter. Lockheed Martin accounts for about 1.7% of Tufton Capital Management’s investment portfolio, making the stock its 21st biggest holding. Tufton Capital Management’s holdings in Lockheed Martin were worth $8,799,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of LMT. Brighton Jones LLC raised its stake in shares of Lockheed Martin by 5.0% in the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock worth $1,941,000 after purchasing an additional 191 shares during the last quarter. IFM Investors Pty Ltd raised its stake in shares of Lockheed Martin by 12.6% in the first quarter. IFM Investors Pty Ltd now owns 8,053 shares of the aerospace company’s stock worth $3,597,000 after purchasing an additional 899 shares during the last quarter. World Investment Advisors increased its position in Lockheed Martin by 0.3% during the first quarter. World Investment Advisors now owns 8,610 shares of the aerospace company’s stock valued at $3,846,000 after acquiring an additional 29 shares during the last quarter. Abound Financial LLC purchased a new stake in Lockheed Martin during the first quarter valued at $52,000. Finally, Interchange Capital Partners LLC increased its position in Lockheed Martin by 21.8% during the first quarter. Interchange Capital Partners LLC now owns 759 shares of the aerospace company’s stock valued at $339,000 after acquiring an additional 136 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Insider Buying and Selling

In related news, COO John Frank A. St sold 7,792 shares of the stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $491.04, for a total transaction of $3,826,183.68. Following the completion of the transaction, the chief operating officer directly owned 1 shares of the company’s stock, valued at approximately $491.04. This represents a 99.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on LMT shares. The Goldman Sachs Group upped their price objective on Lockheed Martin from $398.00 to $425.00 and gave the company a “sell” rating in a research report on Friday, October 10th. Cowen cut Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Thursday, July 10th. TD Cowen reiterated a “hold” rating and set a $480.00 price objective (down previously from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. UBS Group cut their price target on Lockheed Martin from $514.00 to $513.00 and set a “neutral” rating for the company in a report on Wednesday, October 22nd. Finally, Royal Bank Of Canada boosted their price target on Lockheed Martin from $440.00 to $525.00 and gave the company a “sector perform” rating in a report on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $513.47.

Lockheed Martin Stock Performance

NYSE LMT opened at $487.91 on Tuesday. The firm has a market cap of $112.90 billion, a price-to-earnings ratio of 27.24, a price-to-earnings-growth ratio of 1.69 and a beta of 0.28. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 3.32. The business has a 50-day moving average price of $482.70 and a 200-day moving average price of $467.31. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $576.43.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share for the quarter, topping analysts’ consensus estimates of $6.33 by $0.62. The firm 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%.The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $6.84 earnings per share. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. As a group, equities research analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be paid a dividend of $3.45 per share. The ex-dividend date of this dividend is Monday, December 1st. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. This represents a $13.80 dividend on an annualized basis and a yield of 2.8%. Lockheed Martin’s dividend payout ratio is currently 77.05%.

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.