Lockheed Martin Corporation $LMT Shares Sold by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd decreased its holdings in Lockheed Martin Corporation (NYSE:LMT) by 57.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 870 shares of the aerospace company’s stock after selling 1,195 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Lockheed Martin were worth $403,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. 49 Wealth Management LLC increased its holdings in Lockheed Martin by 3.4% during the 1st quarter. 49 Wealth Management LLC now owns 661 shares of the aerospace company’s stock worth $295,000 after purchasing an additional 22 shares during the last quarter. OMNI 360 Wealth Inc. grew its holdings in Lockheed Martin by 2.5% in the 1st quarter. OMNI 360 Wealth Inc. now owns 913 shares of the aerospace company’s stock worth $408,000 after buying an additional 22 shares in the last quarter. Tyler Stone Wealth Management raised its position in shares of Lockheed Martin by 3.3% during the 1st quarter. Tyler Stone Wealth Management now owns 684 shares of the aerospace company’s stock worth $306,000 after buying an additional 22 shares in the last quarter. Investment Advisory Services Inc. TX ADV lifted its position in Lockheed Martin by 4.7% in the second quarter. Investment Advisory Services Inc. TX ADV now owns 486 shares of the aerospace company’s stock worth $225,000 after purchasing an additional 22 shares during the period. Finally, Broadway Wealth Solutions Inc. boosted its stake in Lockheed Martin by 4.5% during the second quarter. Broadway Wealth Solutions Inc. now owns 511 shares of the aerospace company’s stock valued at $237,000 after buying an additional 22 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Sanford C. Bernstein lifted their target price on shares of Lockheed Martin from $497.00 to $545.00 and gave the stock a “market perform” rating in a research report on Monday, October 20th. Wall Street Zen raised shares of Lockheed Martin from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings reissued a “hold (c)” rating on shares of Lockheed Martin in a research report on Wednesday, October 8th. Royal Bank Of Canada lifted their price target on shares of Lockheed Martin from $440.00 to $525.00 and gave the company a “sector perform” rating in a report on Tuesday, October 7th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 23rd. One research 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. According to MarketBeat, Lockheed Martin has an average rating of “Hold” and an average price target of $513.47.

Insider Activity at Lockheed Martin

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 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 owned 1 shares in the company, valued at approximately $491.04. This trade represents a 99.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.14% of the company’s stock.

Lockheed Martin Stock Down 0.2%

Shares of Lockheed Martin stock opened at $486.05 on Wednesday. The business’s 50 day simple moving average is $479.34 and its 200 day simple moving average is $466.88. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $576.43. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.97 and a current ratio of 1.13. The firm has a market cap of $112.47 billion, a PE ratio of 27.14, a P/E/G ratio of 1.70 and a beta of 0.28.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data 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. 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 for the quarter, compared to analysts’ expectations of $18.45 billion. During the same quarter in the prior year, the business posted $6.84 EPS. The business’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. On average, analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share 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. Shareholders of record on Monday, December 1st will be paid a dividend of $3.45 per share. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. The ex-dividend date is Monday, December 1st. This represents a $13.80 dividend on an annualized basis and a yield of 2.8%. Lockheed Martin’s dividend payout ratio is 73.70%.

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.