Lockheed Martin Corporation $LMT Shares Sold by Rathbones Group PLC

Rathbones Group PLC reduced its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 199,489 shares of the aerospace company’s stock after selling 1,704 shares during the period. Rathbones Group PLC owned approximately 0.09% of Lockheed Martin worth $96,487,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. United Financial Planning Group LLC acquired a new position in Lockheed Martin during the third quarter worth about $25,000. Grey Fox Wealth Advisors LLC acquired a new position in shares of Lockheed Martin in the 3rd quarter valued at $27,000. Tucker Asset Management LLC acquired a new position in shares of Lockheed Martin in the 4th quarter valued at $32,000. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Lockheed Martin in the 3rd quarter valued at $35,000. Finally, Beacon Financial Strategies CORP acquired a new position in shares of Lockheed Martin in the 4th quarter valued at $34,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Stock Down 0.8%

Shares of Lockheed Martin stock opened at $522.32 on Thursday. The firm has a market cap of $120.43 billion, a price-to-earnings ratio of 25.29, a P/E/G ratio of 0.95 and a beta of 0.10. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.14 and a quick ratio of 0.94. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $692.00. The stock has a 50-day simple moving average of $582.60 and a 200-day simple moving average of $555.98.

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

Lockheed Martin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Monday, June 1st will be paid a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, June 1st. Lockheed Martin’s dividend payout ratio (DPR) is presently 66.83%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on LMT shares. Wells Fargo & Company started coverage on Lockheed Martin in a research report on Wednesday, April 1st. They issued an “equal weight” rating and a $650.00 price target for the company. Wall Street Zen lowered Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. The Goldman Sachs Group increased their price target on Lockheed Martin from $464.00 to $517.00 and gave the company a “sell” rating in a research report on Monday, February 2nd. Susquehanna decreased their price target on Lockheed Martin from $740.00 to $700.00 and set a “positive” rating for the company in a research report on Friday, April 24th. Finally, Weiss Ratings upgraded Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Lockheed Martin presently has a consensus rating of “Hold” and a consensus target price of $620.68.

Lockheed Martin 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.