First Command Advisory Services Inc. Sells 1,297 Shares of Lockheed Martin Co. (NYSE:LMT)

First Command Advisory Services Inc. cut its holdings in Lockheed Martin Co. (NYSE:LMT) by 30.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,003 shares of the aerospace company’s stock after selling 1,297 shares during the period. First Command Advisory Services Inc.’s holdings in Lockheed Martin were worth $1,459,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in LMT. abrdn plc raised its position in shares of Lockheed Martin by 14.8% in the third quarter. abrdn plc now owns 21,036 shares of the aerospace company’s stock worth $12,240,000 after buying an additional 2,707 shares in the last quarter. Nicholas Hoffman & Company LLC. lifted its holdings in shares of Lockheed Martin by 3.3% during the 3rd quarter. Nicholas Hoffman & Company LLC. now owns 3,014 shares of the aerospace company’s stock worth $1,762,000 after acquiring an additional 95 shares during the last quarter. Childress Capital Advisors LLC grew its position in Lockheed Martin by 3.9% in the third quarter. Childress Capital Advisors LLC now owns 823 shares of the aerospace company’s stock worth $481,000 after acquiring an additional 31 shares in the last quarter. Avitas Wealth Management LLC grew its position in Lockheed Martin by 1.0% in the third quarter. Avitas Wealth Management LLC now owns 5,285 shares of the aerospace company’s stock worth $3,089,000 after acquiring an additional 51 shares in the last quarter. Finally, Walter & Keenan Wealth Management LLC IN ADV increased its stake in Lockheed Martin by 1.4% in the third quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 1,629 shares of the aerospace company’s stock valued at $952,000 after acquiring an additional 23 shares during the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Stock Down 1.5 %

LMT stock opened at $441.56 on Thursday. The business has a 50 day moving average of $467.23 and a 200 day moving average of $526.63. The firm has a market cap of $103.94 billion, a PE ratio of 19.84, a price-to-earnings-growth ratio of 2.07 and a beta of 0.48. Lockheed Martin Co. has a twelve month low of $419.70 and a twelve month high of $618.95. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share for the quarter, beating the consensus estimate of $6.58 by $1.09. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. On average, research analysts forecast that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 3rd will be issued a $3.30 dividend. The ex-dividend date is Monday, March 3rd. This represents a $13.20 annualized dividend and a yield of 2.99%. Lockheed Martin’s payout ratio is 59.30%.

Wall Street Analyst Weigh In

LMT has been the subject of a number of research reports. Barclays cut their price objective on Lockheed Martin from $565.00 to $515.00 and set an “equal weight” rating for the company in a report on Monday, January 6th. Deutsche Bank Aktiengesellschaft cut shares of Lockheed Martin from a “buy” rating to a “hold” rating and cut their price objective for the company from $611.00 to $523.00 in a research note on Thursday, January 2nd. Truist Financial started coverage on shares of Lockheed Martin in a research note on Tuesday, January 14th. They issued a “buy” rating and a $579.00 price target for the company. StockNews.com downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. dropped their target price on Lockheed Martin from $540.00 to $535.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $553.67.

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.