Lockheed Martin Corporation $LMT Stock Position Reduced by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al trimmed its position in Lockheed Martin Corporation (NYSE:LMT) by 42.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 112,402 shares of the aerospace company’s stock after selling 81,600 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Lockheed Martin were worth $56,112,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Mid American Wealth Advisory Group Inc. acquired a new position in Lockheed Martin in the second quarter worth $28,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Lockheed Martin during the second quarter worth $29,000. Frazier Financial Advisors LLC bought a new position in shares of Lockheed Martin in the 2nd quarter worth about $34,000. MTM Investment Management LLC acquired a new position in shares of Lockheed Martin in the 2nd quarter valued at about $36,000. Finally, Kilter Group LLC acquired a new position in shares of Lockheed Martin in the 2nd quarter valued at about $40,000. 74.19% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Lockheed Martin news, COO John Frank A. St sold 7,792 shares of the business’s stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $491.04, for a total transaction of $3,826,183.68. Following the sale, the chief operating officer directly owned 1 shares in the company, valued at approximately $491.04. The trade was a 99.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.14% of the company’s stock.

Lockheed Martin Stock Down 0.2%

LMT opened at $488.04 on Wednesday. The stock’s 50 day moving average price is $470.71 and its 200 day moving average price is $465.94. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.13 and a quick ratio of 0.97. The stock has a market cap of $112.93 billion, a P/E ratio of 27.25, a P/E/G ratio of 1.47 and a beta of 0.24. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $516.00.

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

Lockheed Martin Increases Dividend

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Wall Street Zen cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Lockheed Martin in a research report on Wednesday, October 8th. Robert W. Baird raised their price target on Lockheed Martin from $500.00 to $550.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. Morgan Stanley restated an “equal weight” rating and set a $543.00 price objective (down previously from $630.00) on shares of Lockheed Martin in a research report on Tuesday, December 16th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $515.00 target price (up from $465.00) on shares of Lockheed Martin in a research report on Friday, December 19th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, eighteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $506.67.

Lockheed Martin Company Profile

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.