Lockheed Martin Corporation $LMT Shares Bought by Orion Porfolio Solutions LLC

Orion Porfolio Solutions LLC lifted its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 11.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,180 shares of the aerospace company’s stock after buying an additional 2,000 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in Lockheed Martin were worth $9,346,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Mid American Wealth Advisory Group Inc. purchased a new stake in Lockheed Martin in the 2nd quarter worth approximately $28,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Lockheed Martin during the second quarter worth $29,000. Frazier Financial Advisors LLC acquired a new stake in shares of Lockheed Martin during the second quarter worth $34,000. MTM Investment Management LLC purchased a new stake in shares of Lockheed Martin in the second quarter valued at $36,000. Finally, Kilter Group LLC acquired 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.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LMT. BNP Paribas Exane initiated coverage on Lockheed Martin in a research note on Tuesday, November 18th. They issued an “outperform” rating and a $550.00 price target on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Lockheed Martin in a report on Wednesday, October 8th. Robert W. Baird boosted their target price on shares of Lockheed Martin from $500.00 to $550.00 and gave the company an “outperform” rating in a report on Monday, October 6th. Truist Financial increased their price target on shares of Lockheed Martin from $440.00 to $500.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th. Finally, Alembic Global Advisors raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a research note on Thursday, August 28th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $508.72.

Lockheed Martin Trading Up 0.8%

NYSE LMT opened at $484.32 on Tuesday. The firm has a market capitalization of $112.07 billion, a price-to-earnings ratio of 27.04, a PEG ratio of 1.45 and a beta of 0.24. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.97 and a current ratio of 1.13. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $516.00. The company’s 50 day moving average price is $475.43 and its 200 day moving average price is $465.65.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share (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 company had revenue of $18.61 billion during the quarter, compared to analyst estimates of $18.45 billion. During the same quarter in the prior year, the business earned $6.84 earnings per share. The business’s quarterly 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. On average, sell-side analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current 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 given a $3.45 dividend. This represents a $13.80 annualized dividend and a yield of 2.8%. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. The ex-dividend date of this dividend is Monday, December 1st. Lockheed Martin’s dividend payout ratio is 77.05%.

Insider Activity at Lockheed Martin

In other 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 completion of the sale, the chief operating officer owned 1 shares of the company’s stock, valued at $491.04. This represents a 99.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

About Lockheed Martin

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.