United Advisor Group LLC Acquires 107 Shares of Lockheed Martin Corporation $LMT

United Advisor Group LLC raised its stake in Lockheed Martin Corporation (NYSE:LMT) by 8.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,323 shares of the aerospace company’s stock after acquiring an additional 107 shares during the period. United Advisor Group LLC’s holdings in Lockheed Martin were worth $613,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its holdings in Lockheed Martin by 7.5% in the 1st 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 buying an additional 560,457 shares during the period. Nuveen LLC bought a new stake in shares of Lockheed Martin during the 1st quarter worth approximately $221,790,000. AQR Capital Management LLC boosted its position in shares of Lockheed Martin by 76.7% during the 1st quarter. AQR Capital Management LLC now owns 808,232 shares of the aerospace company’s stock worth $361,045,000 after acquiring an additional 350,796 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in 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 worth $135,985,000 after purchasing an additional 302,684 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in 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 worth $333,859,000 after purchasing an additional 278,121 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Insider Buying and Selling

In other Lockheed Martin news, COO John Frank A. St sold 7,792 shares of the company’s stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $491.04, for a total value of $3,826,183.68. Following the sale, the chief operating officer owned 1 shares in the company, valued at approximately $491.04. The trade was a 99.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.14% of the company’s stock.

Lockheed Martin Stock Up 0.8%

NYSE:LMT opened at $474.45 on Wednesday. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $546.00. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.13 and a quick ratio of 0.97. The company has a market cap of $109.79 billion, a PE ratio of 26.49, a P/E/G ratio of 1.69 and a beta of 0.25. The firm’s 50 day simple moving average is $484.81 and its 200 day simple moving average is $466.93.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.33 by $0.62. The firm had revenue of $18.61 billion during the quarter, compared to the consensus estimate of $18.45 billion. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter last year, the firm earned $6.84 earnings per share. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. On average, research 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 given a dividend of $3.45 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $13.80 annualized dividend and a yield of 2.9%. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s dividend payout ratio is 77.05%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on LMT shares. Wall Street Zen raised Lockheed Martin from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. The Goldman Sachs Group lifted their target price on Lockheed Martin from $398.00 to $425.00 and gave the company a “sell” rating in a research report on Friday, October 10th. Truist Financial boosted their target price on Lockheed Martin from $440.00 to $500.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th. Alembic Global Advisors upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a research note on Thursday, August 28th. Finally, UBS Group decreased their price target on shares of Lockheed Martin from $514.00 to $513.00 and set a “neutral” rating on the stock in a report on Wednesday, October 22nd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average 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.