Thoroughbred Financial Services LLC Sells 1,604 Shares of Lockheed Martin Corporation $LMT

Thoroughbred Financial Services LLC decreased its holdings in Lockheed Martin Corporation (NYSE:LMT) by 33.6% during the 2nd quarter, Holdings Channel.com reports. The fund owned 3,166 shares of the aerospace company’s stock after selling 1,604 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in Lockheed Martin were worth $1,466,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tyler Stone Wealth Management boosted its position in shares of Lockheed Martin by 3.3% during the first quarter. Tyler Stone Wealth Management now owns 684 shares of the aerospace company’s stock valued at $306,000 after buying an additional 22 shares during the last quarter. Investment Advisory Services Inc. TX ADV lifted its stake in Lockheed Martin by 4.7% during the 2nd quarter. Investment Advisory Services Inc. TX ADV now owns 486 shares of the aerospace company’s stock valued at $225,000 after acquiring an additional 22 shares in the last quarter. Broadway Wealth Solutions Inc. boosted its holdings in Lockheed Martin by 4.5% during the 2nd quarter. Broadway Wealth Solutions Inc. now owns 511 shares of the aerospace company’s stock worth $237,000 after acquiring an additional 22 shares during the last quarter. Gilbert & Cook Inc. grew its stake in shares of Lockheed Martin by 2.0% in the 1st quarter. Gilbert & Cook Inc. now owns 1,198 shares of the aerospace company’s stock worth $535,000 after acquiring an additional 23 shares in the last quarter. Finally, Davis Investment Partners LLC raised its holdings in shares of Lockheed Martin by 2.0% in the second quarter. Davis Investment Partners LLC now owns 1,168 shares of the aerospace company’s stock valued at $544,000 after purchasing an additional 23 shares during the last quarter. 74.19% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on LMT. Robert W. Baird boosted their price target on shares of 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 cut their target price on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating on the stock in a research note on Thursday, August 21st. The Goldman Sachs Group increased their price target on Lockheed Martin from $398.00 to $425.00 and gave the company a “sell” rating in a research report on Friday, October 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Lockheed Martin in a research report on Wednesday, October 8th. Finally, UBS Group decreased their target price on Lockheed Martin from $514.00 to $513.00 and set a “neutral” rating for the company in a research report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Lockheed Martin currently has a consensus rating of “Hold” and an average price target of $513.47.

Insider Buying and Selling

In related news, COO John Frank A. St sold 7,792 shares of Lockheed Martin 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 completion of the transaction, 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 is accessible through this hyperlink. Company insiders own 0.14% of the company’s stock.

Lockheed Martin Stock Performance

Shares of LMT opened at $466.27 on Friday. The firm has a market cap of $107.89 billion, a PE ratio of 26.03, a PEG ratio of 1.69 and a beta of 0.25. The stock’s fifty day moving average price is $484.22 and its two-hundred day moving average price is $467.04. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.13 and a quick ratio of 0.97. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $546.00.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share for the quarter, topping the consensus estimate of $6.33 by $0.62. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.The company had revenue of $18.61 billion during the quarter, compared to the consensus estimate of $18.45 billion. During the same quarter in the prior year, the company earned $6.84 EPS. The firm’s quarterly 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. On average, equities research analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Increases Dividend

The firm 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. This represents a $13.80 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Monday, December 1st. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.30. 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.