Natixis Increases Position in Lockheed Martin Corporation $LMT

Natixis grew its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 1,478.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 203,859 shares of the aerospace company’s stock after purchasing an additional 190,945 shares during the period. Natixis’ holdings in Lockheed Martin were worth $94,415,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Mid American Wealth Advisory Group Inc. purchased a new position in shares of Lockheed Martin in the second quarter valued at approximately $28,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Lockheed Martin during the second quarter worth $29,000. Frazier Financial Advisors LLC purchased a new stake in shares of Lockheed Martin during the second quarter worth $34,000. MTM Investment Management LLC purchased a new position in Lockheed Martin in the second quarter valued at $36,000. Finally, Kilter Group LLC purchased a new position in Lockheed Martin in the second quarter valued at $40,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Insider Buying and Selling 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 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. Insiders own 0.14% of the company’s stock.

Lockheed Martin Stock Up 0.8%

LMT stock opened at $451.94 on Monday. The company’s 50 day moving average is $478.82 and its two-hundred day moving average is $465.58. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $517.44. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 3.32. The stock has a market cap of $104.58 billion, a P/E ratio of 25.23, a PEG ratio of 1.31 and a beta of 0.24.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, topping 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 firm had revenue of $18.61 billion for the quarter, compared to analyst estimates of $18.45 billion. During the same period last year, the business earned $6.84 EPS. Lockheed Martin’s revenue for the quarter 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. 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 disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be paid a $3.45 dividend. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.30. This represents a $13.80 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Monday, December 1st. Lockheed Martin’s dividend payout ratio (DPR) is presently 77.05%.

Analysts Set New Price Targets

Several brokerages have weighed in on LMT. The Goldman Sachs Group upped their price target on Lockheed Martin from $398.00 to $425.00 and gave the stock a “sell” rating in a report on Friday, October 10th. BNP Paribas upgraded shares of Lockheed Martin to a “strong-buy” rating in a research note on Tuesday, November 18th. Susquehanna lifted their price target on shares of Lockheed Martin from $490.00 to $590.00 and gave the stock a “positive” rating in a research note on Thursday, October 9th. UBS Group lowered their price target on shares of Lockheed Martin from $514.00 to $513.00 and set a “neutral” rating for the company in a report on Wednesday, October 22nd. Finally, Bank of America reduced their price objective on shares of Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating on the stock in a report on Thursday, August 21st. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $515.50.

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.