Keybank National Association OH Increases Stake in Lockheed Martin Corporation $LMT

Keybank National Association OH lifted its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 3.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,526 shares of the aerospace company’s stock after acquiring an additional 1,070 shares during the quarter. Keybank National Association OH’s holdings in Lockheed Martin were worth $13,212,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Mid American Wealth Advisory Group Inc. purchased a new stake in Lockheed Martin during the 2nd quarter worth about $28,000. TruNorth Capital Management LLC purchased a new stake in Lockheed Martin during the 1st quarter worth about $31,000. Frazier Financial Advisors LLC purchased a new stake in Lockheed Martin during the 2nd quarter worth about $34,000. GFG Capital LLC purchased a new stake in shares of Lockheed Martin during the second quarter worth approximately $43,000. Finally, Bernard Wealth Management Corp. increased its stake in shares of Lockheed Martin by 251.9% during the second quarter. Bernard Wealth Management Corp. now owns 95 shares of the aerospace company’s stock worth $44,000 after buying an additional 68 shares during the period. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Insider Activity

In other news, COO John Frank A. St sold 7,792 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief operating officer directly owned 1 shares in the company, valued at approximately $491.04. This trade represents a 99.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.14% of the company’s stock.

Lockheed Martin Trading Up 0.9%

NYSE LMT opened at $489.47 on Friday. The firm’s fifty day moving average price is $480.97 and its 200 day moving average price is $467.11. The company has a market capitalization of $113.26 billion, a price-to-earnings ratio of 27.33, a price-to-earnings-growth ratio of 1.69 and a beta of 0.28. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $576.43. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.13 and a quick ratio of 0.97.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.33 by $0.62. The company had revenue of $18.61 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the company posted $6.84 earnings per share. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. On average, sell-side analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be paid a dividend of $3.45 per share. The ex-dividend date is Monday, December 1st. This represents a $13.80 dividend on an annualized basis and a yield of 2.8%. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s dividend payout ratio (DPR) is 77.05%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on LMT shares. JPMorgan Chase & Co. cut their target price on shares of Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 23rd. Wall Street Zen raised shares of Lockheed Martin from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. Royal Bank Of Canada increased their target price on Lockheed Martin from $440.00 to $525.00 and gave the company a “sector perform” rating in a report on Tuesday, October 7th. Sanford C. Bernstein increased their target price on Lockheed Martin from $497.00 to $545.00 and gave the company a “market perform” rating in a report on Monday, October 20th. Finally, UBS Group dropped their target price on Lockheed Martin from $514.00 to $513.00 and set a “neutral” rating on the stock in a report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $513.47.

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.