Lockheed Martin Corporation $LMT Stake Raised by Quadcap Wealth Management LLC

Quadcap Wealth Management LLC increased its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 33.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,000 shares of the aerospace company’s stock after buying an additional 1,490 shares during the quarter. Quadcap Wealth Management LLC’s holdings in Lockheed Martin were worth $3,055,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Lockheed Martin in the 2nd quarter valued at approximately $9,617,574,000. Corient Private Wealth LP acquired a new stake in shares of Lockheed Martin during the 2nd quarter worth approximately $101,960,000. Bank of New York Mellon Corp acquired a new stake in shares of Lockheed Martin during the 2nd quarter worth approximately $645,258,000. Legal & General Group Plc acquired a new stake in shares of Lockheed Martin during the 2nd quarter worth approximately $497,469,000. Finally, Papamarkou Wellner Asset Management inc. increased its position in shares of Lockheed Martin by 20,302.9% during the second quarter. Papamarkou Wellner Asset Management inc. now owns 627,798 shares of the aerospace company’s stock valued at $319,838,000 after purchasing an additional 624,721 shares during the period. 74.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Weiss Ratings upgraded Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 9th. Wells Fargo & Company raised their target price on Lockheed Martin from $600.00 to $700.00 and gave the stock an “equal weight” rating in a research report on Monday. Guggenheim initiated coverage on shares of Lockheed Martin in a research note on Wednesday. They set a “buy” rating and a $735.00 price target on the stock. Morgan Stanley boosted their price target on shares of Lockheed Martin from $653.00 to $690.00 and gave the company an “equal weight” rating in a report on Friday, July 24th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Lockheed Martin from $620.00 to $665.00 and gave the company a “neutral” rating in a report on Monday, October 26th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $647.00.

More Lockheed Martin News

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

• Positive Sentiment: Guggenheim initiated coverage with a Buy rating and a $735 price target, signaling potential upside in the analyst’s view. Lockheed Martin now covered by Guggenheim
• Positive Sentiment: Zacks highlighted LMT’s relative strength, citing strong quarterly results and demand—factors that could help support investor interest. Three stocks showing impressive relative strength
• Negative Sentiment: Democrats’ control of both chambers of Congress raised concerns that the proposed $1.5 trillion defense budget could be scaled back, with reports suggesting it may face pressure to fall toward $1.1 trillion. The uncertainty also puts funding for initiatives such as Golden Dome in question, weighing on defense contractors’ outlook. Why Lockheed Martin stock dropped today
• Negative Sentiment: Lockheed agreed to pay $29.5 million to settle federal claims that it discriminated against white workers. Beyond the settlement cost, the case could bring reputational and compliance scrutiny for the defense contractor. Lockheed Martin paying $29.5 million settlement

Lockheed Martin Trading Down 3.1%

LMT stock opened at $576.71 on Friday. Lockheed Martin Corporation has a 1-year low of $437.25 and a 1-year 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 business’s 50 day moving average is $548.24 and its 200-day moving average is $569.69. The firm has a market cap of $133.23 billion, a P/E ratio of 20.49, a P/E/G ratio of 1.26 and a beta of 0.07.

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

Lockheed Martin Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 1st will be paid a dividend of $3.60 per share. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.45. This represents a $14.40 annualized dividend and a yield of 2.5%. The ex-dividend date is Tuesday, December 1st. Lockheed Martin’s dividend payout ratio is currently 49.02%.

Lockheed Martin Company 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.