Lockheed Martin Corporation $LMT Stock Position Lifted by Vanguard Group Inc.

Vanguard Group Inc. raised its stake in Lockheed Martin Corporation (NYSE:LMT) by 1.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 21,697,527 shares of the aerospace company’s stock after buying an additional 214,565 shares during the quarter. Vanguard Group Inc. owned 9.29% of Lockheed Martin worth $10,048,993,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Lockheed Martin in the second quarter worth $28,000. Frazier Financial Advisors LLC purchased a new position in Lockheed Martin in the second quarter valued at about $34,000. MTM Investment Management LLC acquired a new stake in shares of Lockheed Martin during the 2nd quarter valued at about $36,000. GFG Capital LLC bought a new stake in shares of Lockheed Martin in the 2nd quarter valued at approximately $43,000. Finally, Bernard Wealth Management Corp. grew its stake in shares of Lockheed Martin by 251.9% in the 2nd quarter. Bernard Wealth Management Corp. now owns 95 shares of the aerospace company’s stock valued at $44,000 after buying an additional 68 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Up 1.2%

LMT opened at $471.17 on Tuesday. The business has a 50 day moving average of $484.47 and a 200-day moving average of $466.92. The stock has a market capitalization of $109.03 billion, a price-to-earnings ratio of 26.31, a P/E/G ratio of 1.69 and a beta of 0.25. 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 1-year low of $410.11 and a 1-year high of $546.00.

Lockheed Martin (NYSE:LMT) last announced its 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. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The business had revenue of $18.61 billion for the quarter, compared to analyst estimates of $18.45 billion. During the same quarter in the previous year, the firm posted $6.84 earnings per share. Lockheed Martin’s revenue was up 8.8% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. As a group, sell-side analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be paid a $3.45 dividend. The ex-dividend date is Monday, December 1st. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. This represents a $13.80 annualized dividend and a dividend yield of 2.9%. Lockheed Martin’s dividend payout ratio is 77.05%.

Insiders Place Their Bets

In related news, COO John Frank A. St sold 7,792 shares of the business’s stock in a transaction dated Thursday, October 23rd. The stock was 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 $491.04. The trade was a 99.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.14% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on LMT shares. Wall Street Zen upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Alembic Global Advisors raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a research note on Thursday, August 28th. Robert W. Baird upped their price objective on shares of Lockheed Martin from $500.00 to $550.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. Susquehanna raised their target price on Lockheed Martin from $490.00 to $590.00 and gave the company a “positive” rating in a report on Thursday, October 9th. Finally, Truist Financial upped their price target on Lockheed Martin from $440.00 to $500.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $513.47.

Lockheed Martin Company 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.