Partners Wealth Management LLC Acquires 834 Shares of Lockheed Martin Corporation $LMT

Partners Wealth Management LLC bought a new position in Lockheed Martin Corporation (NYSE:LMT) during the third quarter, HoldingsChannel.com reports. The fund bought 834 shares of the aerospace company’s stock, valued at approximately $425,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Soltis Investment Advisors LLC boosted its stake in shares of Lockheed Martin by 5.3% during the third quarter. Soltis Investment Advisors LLC now owns 21,464 shares of the aerospace company’s stock valued at $10,931,000 after purchasing an additional 1,074 shares during the period. Founders Financial Securities LLC grew its holdings in shares of Lockheed Martin by 5.4% in the third quarter. Founders Financial Securities LLC now owns 2,920 shares of the aerospace company’s stock worth $1,487,000 after purchasing an additional 150 shares during the last quarter. United Asset Strategies Inc. grew its holdings in shares of Lockheed Martin by 1.7% in the third quarter. United Asset Strategies Inc. now owns 30,913 shares of the aerospace company’s stock worth $15,743,000 after purchasing an additional 517 shares during the last quarter. Interchange Capital Partners LLC grew its holdings in shares of Lockheed Martin by 6.1% in the third quarter. Interchange Capital Partners LLC now owns 487 shares of the aerospace company’s stock worth $248,000 after purchasing an additional 28 shares during the last quarter. Finally, Childress Capital Advisors LLC increased its stake in Lockheed Martin by 8.9% in the 3rd quarter. Childress Capital Advisors LLC now owns 1,084 shares of the aerospace company’s stock worth $552,000 after buying an additional 89 shares during the period. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Price Performance

Shares of LMT stock opened at $637.60 on Friday. Lockheed Martin Corporation has a twelve month low of $437.25 and a twelve month high of $692.00. The company has a current ratio of 1.26, a quick ratio of 1.10 and a debt-to-equity ratio of 2.04. The stock has a fifty day simple moving average of $544.17 and a two-hundred day simple moving average of $568.87. The stock has a market capitalization of $147.29 billion, a price-to-earnings ratio of 22.65, a P/E/G ratio of 1.35 and a beta of 0.09.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Thursday, October 22nd. The aerospace company reported $7.97 EPS for the quarter, beating the consensus estimate of $7.52 by $0.45. The firm had revenue of $20.71 billion for the quarter, compared to analyst estimates of $20.48 billion. Lockheed Martin had a return on equity of 83.41% and a net margin of 8.23%. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter last year, the firm posted $6.95 earnings per share. On average, analysts predict that Lockheed Martin Corporation will post 30.66 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 1st will be paid a $3.60 dividend. This represents a $14.40 dividend on an annualized basis and a yield of 2.3%. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.45. The ex-dividend date of this dividend is Tuesday, December 1st. Lockheed Martin’s payout ratio is currently 49.02%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on LMT. Rothschild & Co Redburn began coverage on shares of Lockheed Martin in a report on Tuesday, October 6th. They set a “buy” rating and a $650.00 price objective for the company. UBS Group boosted their price objective on shares of Lockheed Martin from $653.00 to $692.00 and gave the company a “buy” rating in a research report on Friday, October 23rd. Vertical Research upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $600.00 target price on the stock in a research note on Wednesday, October 14th. Bank of America reaffirmed a “neutral” rating and set a $620.00 target price on shares of Lockheed Martin in a research report on Monday, October 26th. Finally, TD Cowen decreased their price target on shares of Lockheed Martin from $600.00 to $570.00 and set a “hold” rating for the company in a research note on Friday, October 9th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Lockheed Martin presently has an average rating of “Moderate Buy” and an average target price of $638.05.

Key Headlines Impacting Lockheed Martin

Here are the key news stories impacting Lockheed Martin this week:

• Positive Sentiment: The U.S. State Department approved a possible $2.1 billion Patriot missile package for Ukraine, naming Lockheed Martin as the principal contractor. The package includes 500 PAC-3 MSE interceptors, spare parts, logistics and support, and will be financed by allied and Ukrainian funds rather than direct U.S. funding. The sale could add to LMT’s missile backlog, although no delivery schedule was provided. U.S. approves $2.1 billion Patriot missile sale to Ukraine
• Positive Sentiment: Recent coverage highlights Lockheed Martin’s record $292 billion backlog, continued F-35 production at 156 aircraft annually and a 10-year F-35 agreement with the Pentagon. These developments improve long-term revenue visibility and support the case for sustained military demand. Lockheed Martin long-term investor takeaways
• Positive Sentiment: Analysts and investors are also encouraged by potentially better Department of Defense contract terms, with higher-margin Missiles and Fire Control activities expected to improve profitability and reduce development and execution risk. Lockheed Martin backlog analysis
• Neutral Sentiment: Analysts remain divided on LMT versus faster-growing defense companies such as Kratos Defense. While the backlog and F-35 progress are favorable, valuation, cash generation and uncertainty over future U.S. defense budgets remain key considerations. Kratos Defense versus Lockheed Martin analysis
• Negative Sentiment: After a roughly 27% October rally, some investors may be taking profits. Coverage also flags gradually weakening margins and warns that management’s January update on profitability and execution could determine whether the recent advance is sustainable. Lockheed Martin October rally analysis

Lockheed Martin Profile

Lockheed Martin Corporation is a global security and aerospace company headquartered in Bethesda, Maryland. Formed in 1995 through the merger of Lockheed Corporation and Martin Marietta, the company develops and produces advanced defense, aerospace, and technology systems for government and commercial customers.

Its principal business areas include Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. Products and services include military aircraft such as the F-35 Lightning II, C-130 Hercules, and F-16 Fighting Falcon; missile-defense and precision-strike systems; helicopters and naval systems; command, control, communications, and intelligence technologies; satellites; space exploration systems; and other classified space and defense programs.

Lockheed Martin serves the U.S.