Stenger Family Office LLC Makes New Investment in Lockheed Martin Corporation $LMT

Stenger Family Office LLC acquired a new stake in shares of Lockheed Martin Corporation (NYSE:LMT) in the 2nd quarter, HoldingsChannel reports. The firm acquired 4,689 shares of the aerospace company’s stock, valued at approximately $2,172,000.

Other large investors have also recently modified their holdings of the company. Brighton Jones LLC lifted its stake in Lockheed Martin by 5.0% in the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock valued at $1,941,000 after purchasing an additional 191 shares during the last quarter. Chicago Partners Investment Group LLC grew its stake in shares of Lockheed Martin by 21.0% during the first quarter. Chicago Partners Investment Group LLC now owns 2,065 shares of the aerospace company’s stock worth $973,000 after buying an additional 358 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Lockheed Martin by 27.9% during the first quarter. Deutsche Bank AG now owns 788,152 shares of the aerospace company’s stock worth $352,075,000 after buying an additional 172,065 shares in the last quarter. Y.D. More Investments Ltd lifted its stake in shares of Lockheed Martin by 794.4% in the 1st quarter. Y.D. More Investments Ltd now owns 322 shares of the aerospace company’s stock valued at $144,000 after acquiring an additional 286 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Lockheed Martin by 11.6% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 384,263 shares of the aerospace company’s stock valued at $171,654,000 after acquiring an additional 40,007 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on LMT shares. Susquehanna upped their target price on Lockheed Martin from $490.00 to $590.00 and gave the stock a “positive” rating in a report on Thursday, October 9th. Morgan Stanley upped their price objective on Lockheed Martin from $530.00 to $630.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. BNP Paribas Exane started coverage on shares of Lockheed Martin in a report on Tuesday, November 18th. They issued an “outperform” rating and a $550.00 price objective for the company. Sanford C. Bernstein boosted their target price on shares of Lockheed Martin from $497.00 to $545.00 and gave the stock a “market perform” rating in a report on Monday, October 20th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lockheed Martin in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $515.50.

Insider Activity at Lockheed Martin

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 stock was sold at an average price of $491.04, for a total value of $3,826,183.68. Following the transaction, the chief operating officer owned 1 shares in the company, valued at $491.04. This trade represents a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.14% of the stock is currently owned by company insiders.

Lockheed Martin Price Performance

LMT stock opened at $451.94 on Friday. 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 Corporation has a 1 year low of $410.11 and a 1 year high of $517.44. The company’s 50-day moving average is $478.82 and its 200-day moving average is $465.68. The stock has a market capitalization of $104.58 billion, a PE ratio of 25.23, a price-to-earnings-growth ratio of 1.30 and a beta of 0.24.

Lockheed Martin (NYSE:LMT) last posted 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. 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 during the quarter, compared to the consensus estimate of $18.45 billion. During the same quarter last year, the firm posted $6.84 EPS. 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. Equities research analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be issued a dividend of $3.45 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $13.80 dividend on an annualized basis and a yield of 3.1%. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s dividend payout ratio is presently 77.05%.

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.