RBO & Co. LLC Lowers Stock Holdings in Lockheed Martin Corporation $LMT

RBO & Co. LLC decreased its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 4.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,977 shares of the aerospace company’s stock after selling 1,057 shares during the period. Lockheed Martin makes up approximately 1.7% of RBO & Co. LLC’s holdings, making the stock its 27th largest holding. RBO & Co. LLC’s holdings in Lockheed Martin were worth $10,711,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Biondo Investment Advisors LLC raised its position in Lockheed Martin by 4.8% during the first quarter. Biondo Investment Advisors LLC now owns 22,667 shares of the aerospace company’s stock valued at $10,125,000 after purchasing an additional 1,042 shares in the last quarter. Phoenix Wealth Advisors increased its holdings in shares of Lockheed Martin by 8.1% in the first quarter. Phoenix Wealth Advisors now owns 1,221 shares of the aerospace company’s stock worth $545,000 after buying an additional 92 shares during the period. AlphaQuest LLC increased its holdings in shares of Lockheed Martin by 14.8% in the first quarter. AlphaQuest LLC now owns 4,053 shares of the aerospace company’s stock worth $1,811,000 after buying an additional 522 shares during the period. Van Hulzen Asset Management LLC increased its holdings in shares of Lockheed Martin by 3.2% in the first quarter. Van Hulzen Asset Management LLC now owns 2,532 shares of the aerospace company’s stock worth $1,131,000 after buying an additional 79 shares during the period. Finally, Strategies Wealth Advisors LLC purchased a new position in shares of Lockheed Martin in the first quarter worth about $294,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analysts Set New Price Targets

LMT has been the topic of several analyst reports. Jefferies Financial Group decreased their price objective on Lockheed Martin from $510.00 to $500.00 and set a “hold” rating on the stock in a report on Monday, April 28th. TD Cowen reiterated a “hold” rating and issued a $480.00 price objective (down previously from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. Wall Street Zen downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. UBS Group decreased their price objective on Lockheed Martin from $498.00 to $453.00 and set a “neutral” rating on the stock in a report on Wednesday, July 23rd. Finally, Cowen downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and fourteen have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $506.35.

Lockheed Martin Stock Down 0.3%

Shares of NYSE:LMT opened at $445.7320 on Friday. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $618.95. The company has a market cap of $104.06 billion, a PE ratio of 25.10, a P/E/G ratio of 1.57 and a beta of 0.27. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83. The stock’s 50-day moving average is $448.65 and its 200 day moving average is $456.29.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.57 by $0.72. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The company had revenue of $18.16 billion for the quarter, compared to the consensus estimate of $18.59 billion. During the same quarter in the previous year, the business earned $7.11 EPS. Lockheed Martin’s revenue was up .2% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Sell-side analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be issued a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin’s payout ratio is currently 74.32%.

About Lockheed Martin

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.