StoneX Group Inc. Sells 4,684 Shares of Lockheed Martin Corporation $LMT

StoneX Group Inc. reduced its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 53.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 4,121 shares of the aerospace company’s stock after selling 4,684 shares during the period. StoneX Group Inc.’s holdings in Lockheed Martin were worth $1,909,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tableaux LLC increased its holdings in shares of Lockheed Martin by 34,231.4% during the second quarter. Tableaux LLC now owns 623,115 shares of the aerospace company’s stock worth $288,589,000 after buying an additional 621,300 shares in the last quarter. Nuveen LLC acquired a new stake in Lockheed Martin during the 1st quarter valued at $221,790,000. AQR Capital Management LLC increased its holdings in Lockheed Martin by 76.7% during the 1st quarter. AQR Capital Management LLC now owns 808,232 shares of the aerospace company’s stock valued at $361,045,000 after purchasing an additional 350,796 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its position in Lockheed Martin by 17,506.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 304,413 shares of the aerospace company’s stock valued at $135,985,000 after purchasing an additional 302,684 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Lockheed Martin by 59.3% in the first quarter. The Manufacturers Life Insurance Company now owns 747,373 shares of the aerospace company’s stock worth $333,859,000 after purchasing an additional 278,121 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Lockheed Martin

In other Lockheed Martin news, COO John Frank A. St sold 7,792 shares of the company’s stock in a transaction 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 completion of the sale, the chief operating officer owned 1 shares in the company, valued at approximately $491.04. The trade was a 99.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.14% of the company’s stock.

Lockheed Martin Stock Performance

Shares of NYSE:LMT opened at $451.94 on Friday. The stock has a market capitalization of $104.58 billion, a P/E ratio of 25.23, a P/E/G ratio of 1.31 and a beta of 0.24. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $517.44. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 3.32. The business has a 50-day moving average price of $478.82 and a two-hundred day moving average price of $465.62.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.33 by $0.62. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The company had revenue of $18.61 billion for the quarter, compared to analyst estimates of $18.45 billion. During the same quarter last year, the firm earned $6.84 EPS. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. Equities analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be issued a dividend of $3.45 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $13.80 dividend on an annualized basis and a yield of 3.1%. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s dividend payout ratio (DPR) is presently 77.05%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on LMT. Sanford C. Bernstein raised their target price on Lockheed Martin from $497.00 to $545.00 and gave the company a “market perform” rating in a research note on Monday, October 20th. Deutsche Bank Aktiengesellschaft set a $519.00 price objective on shares of Lockheed Martin and gave the stock a “hold” rating in a report on Wednesday, October 8th. Alembic Global Advisors upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a research report on Thursday, August 28th. Truist Financial upped their target price on shares of Lockheed Martin from $440.00 to $500.00 and gave the stock a “hold” rating in a research report on Wednesday, October 15th. Finally, UBS Group decreased their price target on shares of Lockheed Martin from $514.00 to $513.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $515.50.

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.