Lockheed Martin Corporation $LMT Position Boosted by Perigon Wealth Management LLC

Perigon Wealth Management LLC increased its holdings in Lockheed Martin Corporation (NYSE:LMT) by 13.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,850 shares of the aerospace company’s stock after purchasing an additional 2,155 shares during the quarter. Perigon Wealth Management LLC’s holdings in Lockheed Martin were worth $8,911,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in LMT. Investment Advisory Services Inc. TX ADV increased its holdings in shares of Lockheed Martin by 4.7% in the second quarter. Investment Advisory Services Inc. TX ADV now owns 486 shares of the aerospace company’s stock valued at $225,000 after buying an additional 22 shares in the last quarter. Broadway Wealth Solutions Inc. grew its holdings in shares of Lockheed Martin by 4.5% in the 2nd quarter. Broadway Wealth Solutions Inc. now owns 511 shares of the aerospace company’s stock worth $237,000 after acquiring an additional 22 shares during the last quarter. Davis Investment Partners LLC raised its position in shares of Lockheed Martin by 2.0% during the second quarter. Davis Investment Partners LLC now owns 1,168 shares of the aerospace company’s stock worth $544,000 after purchasing an additional 23 shares during the period. Aaron Wealth Advisors LLC lifted its holdings in shares of Lockheed Martin by 1.1% during the second quarter. Aaron Wealth Advisors LLC now owns 2,125 shares of the aerospace company’s stock valued at $984,000 after purchasing an additional 23 shares during the last quarter. Finally, Pachira Investments Inc. boosted its position in shares of Lockheed Martin by 0.5% in the 2nd quarter. Pachira Investments Inc. now owns 4,838 shares of the aerospace company’s stock valued at $2,241,000 after purchasing an additional 23 shares during the period. 74.19% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related 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 owned 1 shares of the company’s stock, 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 Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.14% of the company’s stock.

Lockheed Martin Trading Down 0.5%

NYSE LMT opened at $483.14 on Friday. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $516.00. 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 company has a market capitalization of $111.80 billion, a PE ratio of 26.98, a price-to-earnings-growth ratio of 1.46 and a beta of 0.24. The firm’s fifty day simple moving average is $471.07 and its 200-day simple moving average is $465.72.

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, 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 firm had revenue of $18.61 billion during the quarter, compared to analysts’ expectations of $18.45 billion. During the same quarter last year, the firm earned $6.84 earnings per share. The business’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, sell-side analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be paid a $3.45 dividend. This represents a $13.80 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend 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 (DPR) is presently 77.05%.

Wall Street Analysts Forecast Growth

LMT has been the subject of a number of analyst reports. Citigroup assumed coverage on shares of Lockheed Martin in a research note on Thursday, December 11th. They set a “neutral” rating and a $505.00 price objective for the company. The Goldman Sachs Group upped their price target on shares of Lockheed Martin from $398.00 to $425.00 and gave the company a “sell” rating in a research report on Friday, October 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Lockheed Martin in a research 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 research note on Monday, October 6th. Finally, Truist Financial increased their target price on Lockheed Martin from $440.00 to $500.00 and gave the company a “hold” rating in a report on Wednesday, October 15th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, eighteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $506.67.

About Lockheed Martin

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.