Buffalo Business & Estate Services Ltd. Sells 2,017 Shares of Lockheed Martin Corporation $LMT

Buffalo Business & Estate Services Ltd. trimmed its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 20.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,717 shares of the aerospace company’s stock after selling 2,017 shares during the period. Lockheed Martin makes up about 0.7% of Buffalo Business & Estate Services Ltd.’s investment portfolio, making the stock its 29th biggest position. Buffalo Business & Estate Services Ltd.’s holdings in Lockheed Martin were worth $4,664,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of LMT. AQR Capital Management LLC lifted its holdings in Lockheed Martin by 107.3% during the 4th quarter. AQR Capital Management LLC now owns 1,293,823 shares of the aerospace company’s stock worth $625,784,000 after buying an additional 669,604 shares in the last quarter. Morgan Stanley increased its stake in shares of Lockheed Martin by 10.1% in the 4th quarter. Morgan Stanley now owns 5,728,551 shares of the aerospace company’s stock valued at $2,770,729,000 after buying an additional 527,523 shares during the period. Sanders Capital LLC acquired a new stake in shares of Lockheed Martin in the 3rd quarter valued at $252,699,000. Corient Private Wealth LLC raised its position in shares of Lockheed Martin by 203.3% during the fourth quarter. Corient Private Wealth LLC now owns 560,363 shares of the aerospace company’s stock worth $271,031,000 after acquiring an additional 375,622 shares during the last quarter. Finally, First Trust Advisors LP raised its position in shares of Lockheed Martin by 286.1% during the third quarter. First Trust Advisors LP now owns 503,428 shares of the aerospace company’s stock worth $251,316,000 after acquiring an additional 373,027 shares during the last quarter. 74.19% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on LMT shares. Bank of America cut their price target on Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating on the stock in a research note on Friday, April 24th. Weiss Ratings cut Lockheed Martin from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Lockheed Martin from $615.00 to $575.00 and set a “hold” rating on the stock in a research report on Friday, April 24th. Wall Street Zen lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Saturday, April 25th. Finally, Wells Fargo & Company began coverage on shares of Lockheed Martin in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $650.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $620.68.

Lockheed Martin Stock Performance

LMT stock opened at $493.68 on Tuesday. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $692.00. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 2.74. The company has a market cap of $113.82 billion, a P/E ratio of 23.91, a price-to-earnings-growth ratio of 0.93 and a beta of 0.10. The business’s fifty day moving average is $535.17 and its 200-day moving average is $566.10.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Thursday, April 23rd. The aerospace company reported $6.44 EPS for the quarter, missing analysts’ consensus estimates of $6.79 by ($0.35). The company had revenue of $18.02 billion for the quarter, compared to analyst estimates of $18.38 billion. Lockheed Martin had a return on equity of 101.64% and a net margin of 6.38%.The firm’s revenue for the quarter was up .3% on a year-over-year basis. During the same period last year, the firm earned $7.28 earnings per share. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Equities research analysts forecast that Lockheed Martin Corporation will post 29.88 EPS for the current year.

Lockheed Martin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Monday, June 1st will be given a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Monday, June 1st. Lockheed Martin’s payout ratio is presently 66.83%.

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.