Independent Advisor Alliance Reduces Position in Lockheed Martin Corporation $LMT

Independent Advisor Alliance decreased its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 7.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,217 shares of the aerospace company’s stock after selling 1,905 shares during the period. Independent Advisor Alliance’s holdings in Lockheed Martin were worth $11,229,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Oppenheimer & Co. Inc. boosted its holdings in shares of Lockheed Martin by 9.3% during the third quarter. Oppenheimer & Co. Inc. now owns 39,410 shares of the aerospace company’s stock worth $19,674,000 after purchasing an additional 3,352 shares during the last quarter. Welch Group LLC boosted its holdings in Lockheed Martin by 1.5% in the fourth quarter. Welch Group LLC now owns 132,684 shares of the aerospace company’s stock valued at $64,175,000 after acquiring an additional 1,999 shares during the last quarter. Jain Global LLC acquired a new position in Lockheed Martin in the third quarter valued at $38,064,000. Clough Capital Partners L P acquired a new position in Lockheed Martin in the third quarter valued at $31,018,000. Finally, Atlantic Union Bankshares Corp boosted its holdings in Lockheed Martin by 182.0% in the third quarter. Atlantic Union Bankshares Corp now owns 37,014 shares of the aerospace company’s stock valued at $18,478,000 after acquiring an additional 23,888 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

LMT has been the topic of a number of research analyst reports. BNP Paribas Exane reduced their target price on Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating on the stock in a report on Friday, April 24th. JPMorgan Chase & Co. reduced their target price on Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Royal Bank Of Canada reduced their target price on Lockheed Martin from $650.00 to $575.00 and set a “sector perform” rating on the stock in a report on Friday, April 24th. Bank of America reduced their target price on Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating on the stock in a report on Friday, April 24th. Finally, Morgan Stanley reduced their target price on Lockheed Martin from $675.00 to $653.00 and set an “equal weight” rating on the stock in a report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $628.63.

Lockheed Martin Trading Up 1.7%

Shares of LMT opened at $521.10 on Wednesday. The stock’s 50-day moving average is $599.92 and its two-hundred day moving average is $554.48. The stock has a market cap of $120.15 billion, a PE ratio of 25.23, a P/E/G ratio of 0.93 and a beta of 0.10. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $692.00. 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 (NYSE:LMT) last issued 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 company’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $7.28 EPS. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. Equities analysts forecast that Lockheed Martin Corporation will post 29.88 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm 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 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 payout ratio is presently 66.83%.

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.