Intellectus Partners LLC Lowers Stock Holdings in Lockheed Martin Corporation $LMT

Intellectus Partners LLC lessened its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 2.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,444 shares of the aerospace company’s stock after selling 169 shares during the quarter. Lockheed Martin comprises approximately 0.7% of Intellectus Partners LLC’s portfolio, making the stock its 26th biggest position. Intellectus Partners LLC’s holdings in Lockheed Martin were worth $3,448,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of LMT. Brighton Jones LLC raised its holdings in Lockheed Martin by 5.0% during 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 in the last quarter. Silver Oak Securities Incorporated boosted its holdings in Lockheed Martin by 10.4% in the 1st quarter. Silver Oak Securities Incorporated now owns 1,273 shares of the aerospace company’s stock valued at $562,000 after purchasing an additional 120 shares in the last quarter. IFM Investors Pty Ltd increased its position in Lockheed Martin by 12.6% during the 1st 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 period. World Investment Advisors increased its position in Lockheed Martin by 0.3% during the 1st quarter. World Investment Advisors now owns 8,610 shares of the aerospace company’s stock worth $3,846,000 after purchasing an additional 29 shares during the period. Finally, Concurrent Investment Advisors LLC raised its stake in shares of Lockheed Martin by 15.9% during the 1st quarter. Concurrent Investment Advisors LLC now owns 14,367 shares of the aerospace company’s stock worth $6,418,000 after buying an additional 1,971 shares in the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, COO John Frank A. St sold 7,792 shares of the business’s stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $491.04, for a total value 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 $491.04. The trade was a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

LMT has been the topic of a number of analyst reports. UBS Group decreased their price target on Lockheed Martin from $514.00 to $513.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 22nd. Robert W. Baird boosted 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. Vertical Research reaffirmed a “hold” rating and set a $460.00 price target on shares of Lockheed Martin in a research note on Tuesday, July 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Lockheed Martin in a report on Wednesday, October 8th. Finally, Truist Financial boosted their price objective on shares of Lockheed Martin from $440.00 to $500.00 and gave the stock a “hold” rating in a report on Wednesday, October 15th. One investment 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $513.47.

Lockheed Martin Price Performance

Lockheed Martin stock opened at $492.04 on Monday. The firm has a market capitalization of $113.86 billion, a PE ratio of 27.47, a P/E/G ratio of 1.69 and a beta of 0.28. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $576.43. The firm’s 50-day simple moving average is $481.90 and its 200 day simple moving average is $467.14. 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 posted its earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share for the quarter, beating the consensus estimate of $6.33 by $0.62. The firm had revenue of $18.61 billion during the quarter, compared to the consensus estimate of $18.45 billion. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period last year, the firm posted $6.84 EPS. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. On average, equities research analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be given a dividend of $3.45 per share. The ex-dividend date of this dividend is Monday, December 1st. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. This represents a $13.80 annualized dividend and a yield of 2.8%. Lockheed Martin’s dividend payout ratio (DPR) is 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.