Lockheed Martin Corporation $LMT Shares Newly Purchased by Forest Hill Capital LLC

Forest Hill Capital LLC bought a new position in shares of Lockheed Martin Corporation (NYSE:LMT) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,200 shares of the aerospace company’s stock, valued at approximately $611,000. Lockheed Martin comprises about 0.4% of Forest Hill Capital LLC’s portfolio, making the stock its 14th biggest holding.

Several other hedge funds and other institutional investors have also modified their holdings of LMT. CFM Wealth Partners LLC increased its stake in shares of Lockheed Martin by 164.5% during the third quarter. CFM Wealth Partners LLC now owns 2,039 shares of the aerospace company’s stock worth $1,038,000 after purchasing an additional 1,268 shares during the period. Maryland State Retirement & Pension System boosted its stake in Lockheed Martin by 11.8% in the 3rd quarter. Maryland State Retirement & Pension System now owns 12,327 shares of the aerospace company’s stock valued at $6,278,000 after purchasing an additional 1,302 shares during the period. Ritholtz Wealth Management boosted its stake in Lockheed Martin by 3.2% in the 3rd quarter. Ritholtz Wealth Management now owns 8,795 shares of the aerospace company’s stock valued at $4,479,000 after purchasing an additional 275 shares during the period. UNIVEST FINANCIAL Corp boosted its stake in Lockheed Martin by 1.3% in the 3rd quarter. UNIVEST FINANCIAL Corp now owns 8,717 shares of the aerospace company’s stock valued at $4,439,000 after purchasing an additional 111 shares during the period. Finally, Jacobi Capital Management LLC grew its holdings in Lockheed Martin by 0.3% in the 3rd quarter. Jacobi Capital Management LLC now owns 8,511 shares of the aerospace company’s stock valued at $4,334,000 after buying an additional 22 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin News Summary

These are some of the LMT news items that stood out recently:

• Positive Sentiment: Lockheed Martin says it has delivered 100,000 Guided Multiple Launch Rocket System (GMLRS) rockets and is expanding production. A successful ground test of a new General Dynamics solid rocket motor is another step toward faster output, with qualification targeted for 2027. The milestone supports the company’s ability to meet missile demand. More Rockets, Faster: Lockheed Martin Reaches Major GMLRS Production Milestone
• Positive Sentiment: Recent commentary points to a record $292 billion backlog, existing contracts and an F-35 framework that supports planning and investment. Those factors provide revenue visibility despite debate over next year’s defense budget. Lockheed Martin Stock (LMT) Looks Attractive Despite the Budget Debate
• Negative Sentiment: Uncertainty about next year’s Pentagon budget could weigh on investor expectations for future defense spending. The existing backlog and contracts may cushion this risk, but do not eliminate it. Lockheed Martin Stock Looks Attractive Despite the Budget Debate

Lockheed Martin Trading Up 1.0%

Shares of NYSE:LMT opened at $608.94 on Thursday. The business’s 50 day simple moving average is $550.90 and its 200 day simple moving average is $569.81. Lockheed Martin Corporation has a 1 year low of $437.25 and a 1 year high of $692.00. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.26 and a quick ratio of 1.10. The company has a market capitalization of $140.67 billion, a P/E ratio of 21.63, a P/E/G ratio of 1.28 and a beta of 0.07.

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

Lockheed Martin Increases Dividend

The business also recently declared 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 2.4%. 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 presently 49.02%.

Wall Street Analyst Weigh In

LMT has been the topic of several recent research reports. Rothschild & Co Redburn assumed coverage on Lockheed Martin in a research report on Tuesday, October 6th. They set a “buy” rating and a $650.00 price objective on the stock. UBS Group upped their price target on shares of Lockheed Martin from $653.00 to $692.00 and gave the company a “buy” rating in a research note on Friday, October 23rd. Guggenheim started coverage on shares of Lockheed Martin in a research report on Wednesday, November 4th. They set a “buy” rating and a $735.00 price target on the stock. Jefferies Financial Group reiterated a “hold” rating and issued a $615.00 price objective on shares of Lockheed Martin in a research note on Sunday, October 25th. Finally, Citigroup lifted their price objective on shares of Lockheed Martin from $691.00 to $706.00 and gave the stock a “buy” rating in a research note on Friday, October 23rd. 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 given a Sell rating to the company. According to data from MarketBeat.com, Lockheed Martin presently has an average rating of “Moderate Buy” and a consensus target price of $647.00.

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.