Freedom Investment Management Inc. Reduces Position in Lockheed Martin Corporation $LMT

Freedom Investment Management Inc. lessened its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 5.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 710 shares of the aerospace company’s stock after selling 44 shares during the period. Freedom Investment Management Inc.’s holdings in Lockheed Martin were worth $329,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of LMT. Charles Schwab Investment Management Inc. raised its stake in shares of Lockheed Martin by 7.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 8,031,528 shares of the aerospace company’s stock valued at $3,587,444,000 after acquiring an additional 560,457 shares in the last quarter. Nuveen LLC bought a new stake in shares of Lockheed Martin during the first quarter valued at approximately $221,790,000. AQR Capital Management LLC raised its stake in shares of Lockheed Martin by 76.7% during the first quarter. AQR Capital Management LLC now owns 808,232 shares of the aerospace company’s stock valued at $361,045,000 after acquiring an additional 350,796 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in shares of Lockheed Martin by 17,506.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 304,413 shares of the aerospace company’s stock valued at $135,985,000 after acquiring an additional 302,684 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Lockheed Martin by 59.3% during the first quarter. The Manufacturers Life Insurance Company now owns 747,373 shares of the aerospace company’s stock valued at $333,859,000 after acquiring an additional 278,121 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LMT. Morgan Stanley lifted their price target on shares of Lockheed Martin from $530.00 to $630.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. UBS Group reduced their price objective on shares of Lockheed Martin from $514.00 to $513.00 and set a “neutral” rating for the company in a research note on Wednesday, October 22nd. Susquehanna boosted their price objective on shares of Lockheed Martin from $490.00 to $590.00 and gave the stock a “positive” rating in a research note on Thursday, October 9th. Robert W. Baird boosted their price objective on shares of Lockheed Martin from $500.00 to $550.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. Finally, The Goldman Sachs Group boosted their price objective on shares of Lockheed Martin from $398.00 to $425.00 and gave the stock a “sell” rating in a research note on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Lockheed Martin presently has an average rating of “Hold” and a consensus price target of $513.47.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $485.59 on Monday. The business’s fifty day simple moving average is $477.51 and its 200-day simple moving average is $466.57. The company has a market cap of $112.37 billion, a PE ratio of 27.11, a PEG ratio of 1.69 and a beta of 0.28. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 3.32. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $576.43.

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

Lockheed Martin Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st will be given a dividend of $3.45 per share. The ex-dividend date of this dividend is Monday, December 1st. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.8%. Lockheed Martin’s payout ratio is currently 73.70%.

About Lockheed Martin

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.