Jump Financial LLC Buys 20,274 Shares of Lockheed Martin Corporation $LMT

Jump Financial LLC raised its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 588.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 23,719 shares of the aerospace company’s stock after purchasing an additional 20,274 shares during the quarter. Jump Financial LLC’s holdings in Lockheed Martin were worth $10,985,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Mid American Wealth Advisory Group Inc. bought a new stake in Lockheed Martin in the second quarter worth approximately $28,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Lockheed Martin in the second quarter valued at $29,000. Frazier Financial Advisors LLC acquired a new position in Lockheed Martin during the 2nd quarter valued at about $34,000. MTM Investment Management LLC purchased a new position in shares of Lockheed Martin during the second quarter valued at approximately $36,000. Finally, Kilter Group LLC purchased a new position in Lockheed Martin during the 2nd quarter worth $40,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Lockheed Martin

In other Lockheed Martin news, COO John Frank A. St sold 7,792 shares of the 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 $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 Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on LMT shares. BNP Paribas raised Lockheed Martin to a “strong-buy” rating in a report on Tuesday, November 18th. BNP Paribas Exane assumed coverage on shares of Lockheed Martin in a research report on Tuesday, November 18th. They issued an “outperform” rating and a $550.00 price target on the stock. Bank of America dropped their price objective on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating on the stock in a report on Thursday, August 21st. Morgan Stanley increased their target price on shares of Lockheed Martin from $530.00 to $630.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Finally, Sanford C. Bernstein upped their target price on Lockheed Martin from $497.00 to $545.00 and gave the stock a “market perform” rating in a research note on Monday, October 20th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Lockheed Martin currently has an average rating of “Hold” and a consensus price target of $515.50.

Lockheed Martin Stock Up 0.8%

LMT opened at $451.94 on Monday. The business’s fifty day simple moving average is $478.82 and its 200 day simple moving average is $465.58. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $517.44. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 3.32. The stock has a market cap of $104.58 billion, a PE ratio of 25.23, a P/E/G ratio of 1.31 and a beta of 0.24.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share for the quarter, beating analysts’ consensus estimates of $6.33 by $0.62. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.The business had revenue of $18.61 billion for the quarter, compared to the consensus estimate of $18.45 billion. During the same quarter last year, the business posted $6.84 earnings per share. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. As a group, research 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 announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be given a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Monday, December 1st. This is a positive change 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.