Lockheed Martin Corporation $LMT Stock Sold by Focused Investors LLC

Key Points

• Focused Investors LLC cut its Lockheed Martin stake by 16% in the third quarter, selling 23,700 shares and retaining 124,200 shares valued at about $63.2 million.
• Lockheed Martin beat quarterly earnings and revenue estimates: EPS was $7.97 versus $7.52 expected, while revenue rose 11.3% year over year to $20.71 billion.
• The company raised its quarterly dividend to $3.60 per share, equivalent to $14.40 annually and a 2.3% yield. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $642.81.

Focused Investors LLC lowered its stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 16.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 124,200 shares of the aerospace company's stock after selling 23,700 shares during the period. Lockheed Martin accounts for 2.6% of Focused Investors LLC's portfolio, making the stock its 18th largest position. Focused Investors LLC owned 0.05% of Lockheed Martin worth $63,249,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of LMT. BlackRock Inc. bought a new position in Lockheed Martin in the 2nd quarter valued at $9,617,574,000. Corient Private Wealth LP acquired a new stake in shares of Lockheed Martin in the 2nd quarter valued at $101,960,000. Bank of New York Mellon Corp acquired a new stake in shares of Lockheed Martin in the 2nd quarter valued at $645,258,000. Legal & General Group Plc bought a new stake in shares of Lockheed Martin during the second quarter worth $497,469,000. Finally, Papamarkou Wellner Asset Management inc. raised its position in shares of Lockheed Martin by 20,302.9% during the second quarter. Papamarkou Wellner Asset Management inc. now owns 627,798 shares of the aerospace company's stock worth $319,838,000 after acquiring an additional 624,721 shares during the last quarter. Institutional investors own 74.19% of the company's stock.

Lockheed Martin Stock Down 0.6%

Shares of NYSE:LMT opened at $639.52 on Wednesday. The company has a market capitalization of $147.74 billion, a PE ratio of 21.60, a PEG ratio of 1.36 and a beta of 0.07. Lockheed Martin Corporation has a 52 week low of $437.25 and a 52 week high of $692.00. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.10 and a current ratio of 1.26. The company has a 50 day moving average price of $547.27 and a two-hundred day moving average price of $569.64.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its earnings results on Thursday, October 22nd. The aerospace company reported $7.97 earnings per share for the quarter, topping the consensus estimate of $7.52 by $0.45. Lockheed Martin had a return on equity of 83.41% and a net margin of 8.23%. The firm had revenue of $20.71 billion for the quarter, compared to analyst estimates of $20.48 billion. During the same period in the previous year, the company posted $6.95 earnings per share. The company's revenue for the quarter was up 11.3% on a year-over-year basis. Analysts forecast that Lockheed Martin Corporation will post 30.66 earnings per share for the current year.

Lockheed Martin Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 1st will be issued a dividend of $3.60 per share. The ex-dividend date is Tuesday, December 1st. This is a boost from Lockheed Martin's previous quarterly dividend of $3.45. This represents a $14.40 dividend on an annualized basis and a dividend yield of 2.3%. Lockheed Martin's dividend payout ratio is 49.02%.

Key Headlines Impacting Lockheed Martin

Here are the key news stories impacting Lockheed Martin this week:

• Positive Sentiment: Lockheed plans to invest $420 million to expand its Camden, Arkansas, operations, adding an expected 650 jobs over five years. The investment should increase manufacturing capacity as demand for missiles and other defense products grows. Lockheed Martin Expands in Camden, Arkansas with $420M Investment
• Positive Sentiment: A recent analysis highlights Lockheed’s $58.6 billion multiyear PAC-3 MSE commitment and plans to lift annual production capacity from about 600 to 2,000 interceptors. Its record $292 billion backlog offers revenue visibility, although realizing the benefit depends on scaling output profitably and converting orders into cash flow. The Lockheed Martin Business I’d Watch More Closely Than the F-35
• Neutral Sentiment: Wells Fargo raised its price target to $700 from $600 but kept an equal-weight rating, signaling a higher valuation outlook without a bullish rating change. Wells Fargo price-target update
• Negative Sentiment: Lockheed agreed to pay $29.5 million to settle a federal probe into its diversity efforts. The payment is modest relative to the company’s scale, but the investigation and settlement may weigh on sentiment toward its government-contractor business. Lockheed Martin to Pay $29.5 Million to Settle Federal Probe Over Diversity Efforts

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on LMT shares. TD Cowen decreased their price target on Lockheed Martin from $600.00 to $570.00 and set a "hold" rating on the stock in a report on Friday, October 9th. Sanford C. Bernstein dropped their price objective on Lockheed Martin from $629.00 to $564.00 and set a "market perform" rating for the company in a report on Wednesday, October 14th. Robert W. Baird set a $700.00 target price on shares of Lockheed Martin in a research report on Friday, July 24th. Weiss Ratings raised shares of Lockheed Martin from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, October 9th. Finally, Rothschild & Co Redburn assumed coverage on shares of Lockheed Martin in a research note on Tuesday, October 6th. They issued a "buy" rating and a $650.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $642.81.

Lockheed Martin Company Profile

Lockheed Martin Corporation is a global security and aerospace company headquartered in Bethesda, Maryland. Formed in 1995 through the merger of Lockheed Corporation and Martin Marietta, the company develops and produces advanced defense, aerospace, and technology systems for government and commercial customers.

Its principal business areas include Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. Products and services include military aircraft such as the F-35 Lightning II, C-130 Hercules, and F-16 Fighting Falcon; missile-defense and precision-strike systems; helicopters and naval systems; command, control, communications, and intelligence technologies; satellites; space exploration systems; and other classified space and defense programs.

Lockheed Martin serves the U.S.

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