Lockheed Martin Corporation $LMT Shares Sold by Hartford Funds Management Co LLC

Hartford Funds Management Co LLC lowered its position in Lockheed Martin Corporation (NYSE:LMT) by 80.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 461 shares of the aerospace company’s stock after selling 1,928 shares during the period. Lockheed Martin makes up about 0.0% of Hartford Funds Management Co LLC’s investment portfolio, making the stock its 16th biggest position. Hartford Funds Management Co LLC’s holdings in Lockheed Martin were worth $214,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mid American Wealth Advisory Group Inc. acquired a new stake in Lockheed Martin during the 2nd quarter valued at $28,000. TruNorth Capital Management LLC purchased a new stake in shares of Lockheed Martin in the first quarter valued at $31,000. Frazier Financial Advisors LLC acquired a new stake in shares of Lockheed Martin during the second quarter valued at $34,000. GFG Capital LLC acquired a new stake in shares of Lockheed Martin during the second quarter valued at $43,000. Finally, 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. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Stock Down 2.3%

NYSE LMT opened at $457.93 on Monday. The business has a 50 day moving average price of $483.98 and a two-hundred day moving average price of $467.58. The stock has a market cap of $105.96 billion, a PE ratio of 25.57, a P/E/G ratio of 1.69 and a beta of 0.25. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $576.43. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 3.32.

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 analysts’ consensus estimates of $6.33 by $0.62. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The firm had revenue of $18.61 billion for the quarter, compared to analyst estimates of $18.45 billion. During the same quarter in the previous year, the business posted $6.84 EPS. The firm’s revenue was up 8.8% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. As a group, sell-side analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be given 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 yield of 3.0%. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s payout ratio is presently 77.05%.

Insider Buying and Selling

In other Lockheed Martin news, COO John Frank A. St sold 7,792 shares of the firm’s 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 sale, the chief operating officer owned 1 shares in the company, valued at approximately $491.04. This trade represents a 99.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.14% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on LMT. Morgan Stanley raised 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, October 15th. The Goldman Sachs Group upped their price objective on shares of Lockheed Martin from $398.00 to $425.00 and gave the company a “sell” rating in a research note on Friday, October 10th. Robert W. Baird raised their target price on shares of Lockheed Martin from $500.00 to $550.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. 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, Susquehanna raised their price objective on Lockheed Martin from $490.00 to $590.00 and gave the stock a “positive” rating in a report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Lockheed Martin presently has a consensus rating of “Hold” and an average price target of $513.47.

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.