Lockheed Martin Corporation $LMT Stock Sold by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. reduced its holdings in Lockheed Martin Corporation (NYSE:LMT) by 73.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 630 shares of the aerospace company’s stock after selling 1,710 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Lockheed Martin were worth $321,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. SG Americas Securities LLC increased its stake in shares of Lockheed Martin by 5.4% during the 1st quarter. SG Americas Securities LLC now owns 276,383 shares of the aerospace company’s stock worth $167,043,000 after purchasing an additional 14,150 shares during the last quarter. Norris Financial Group LLC acquired a new stake in Lockheed Martin in the 1st quarter valued at about $2,321,000. Legal Advantage Investments Inc. acquired a new stake in Lockheed Martin in the 1st quarter valued at about $1,451,000. CX Institutional grew its holdings in Lockheed Martin by 527.4% during the third quarter. CX Institutional now owns 18,415 shares of the aerospace company’s stock worth $9,378,000 after purchasing an additional 15,480 shares during the period. Finally, Talon Private Wealth LLC bought a new position in Lockheed Martin during the first quarter worth about $3,743,000. 74.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

LMT has been the topic of a number of recent analyst reports. Citigroup boosted their target price on Lockheed Martin from $641.00 to $691.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Barclays assumed coverage on shares of Lockheed Martin in a research report on Friday, October 9th. They set an “equal weight” rating and a $554.00 price objective for the company. Weiss Ratings upgraded shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. Jefferies Financial Group reissued a “hold” rating on shares of Lockheed Martin in a research report on Wednesday, September 2nd. Finally, UBS Group raised shares of Lockheed Martin from a “neutral” rating to a “buy” rating and increased their price objective for the company from $581.00 to $674.00 in a research report on Tuesday, September 8th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $630.48.

Lockheed Martin Stock Performance

LMT stock traded up $15.93 during trading hours on Wednesday, hitting $519.95. 701,444 shares of the stock were exchanged, compared to its average volume of 1,436,846. The company has a current ratio of 1.19, a quick ratio of 1.01 and a debt-to-equity ratio of 2.34. The firm has a market capitalization of $120.00 billion, a P/E ratio of 19.16, a P/E/G ratio of 1.11 and a beta of 0.09. The company has a 50-day simple moving average of $544.68 and a two-hundred day simple moving average of $545.11. Lockheed Martin Corporation has a 12 month low of $437.25 and a 12 month high of $692.00.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, beating the consensus estimate of $7.22 by $0.72. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The business had revenue of $20.06 billion for the quarter, compared to the consensus estimate of $19.34 billion. During the same period in the prior year, the company posted $1.46 earnings per share. Lockheed Martin’s revenue was up 10.5% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. On average, analysts forecast that Lockheed Martin Corporation will post 30.44 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 1st will be given a $3.60 dividend. This represents a $14.40 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Tuesday, December 1st. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.45. Lockheed Martin’s dividend payout ratio is presently 50.87%.

Lockheed Martin Profile

Lockheed Martin Corporation is a global aerospace, defense and technology company headquartered in Bethesda, Maryland. The company develops and produces advanced systems for government and commercial customers, with the U.S. Department of Defense and other U.S. government agencies representing its primary customers.

Its principal activities include the design and manufacture of military aircraft, missiles, air and missile defense systems, radar and sensor technologies, naval and rotary-wing systems, satellites, space exploration systems, and cybersecurity and information technology solutions.