Marathon Trading Investment Management LLC Has $232,000 Position in Lockheed Martin Corporation $LMT

Marathon Trading Investment Management LLC decreased its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 95.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 500 shares of the aerospace company’s stock after selling 9,700 shares during the period. Marathon Trading Investment Management LLC’s holdings in Lockheed Martin were worth $232,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Tyler Stone Wealth Management raised its holdings in shares of Lockheed Martin by 3.3% during the 1st quarter. Tyler Stone Wealth Management now owns 684 shares of the aerospace company’s stock valued at $306,000 after buying an additional 22 shares during the period. Investment Advisory Services Inc. TX ADV grew its position in 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 acquiring an additional 22 shares in the last quarter. Broadway Wealth Solutions Inc. raised its stake in shares of Lockheed Martin by 4.5% during the second quarter. Broadway Wealth Solutions Inc. now owns 511 shares of the aerospace company’s stock valued at $237,000 after purchasing an additional 22 shares during the period. Smith Thornton Advisors LLC lifted its position in shares of Lockheed Martin by 2.8% during the first quarter. Smith Thornton Advisors LLC now owns 837 shares of the aerospace company’s stock worth $374,000 after purchasing an additional 23 shares in the last quarter. Finally, Gilbert & Cook Inc. boosted its stake in shares of Lockheed Martin by 2.0% in the first quarter. Gilbert & Cook Inc. now owns 1,198 shares of the aerospace company’s stock valued at $535,000 after purchasing an additional 23 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Down 2.3%

Shares of Lockheed Martin stock opened at $457.93 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 3.32. The firm has a market cap of $105.96 billion, a P/E ratio of 25.57, a P/E/G ratio of 1.69 and a beta of 0.25. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $576.43. The business has a 50-day moving average price of $483.98 and a 200 day moving average price of $467.51.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, topping 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 company had revenue of $18.61 billion for the quarter, compared to the consensus estimate of $18.45 billion. During the same quarter last year, the business posted $6.84 EPS. Lockheed Martin’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 forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The business also recently announced 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 is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. This represents a $13.80 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Monday, December 1st. Lockheed Martin’s dividend payout ratio is 77.05%.

Insider Transactions at Lockheed Martin

In other news, COO John Frank A. St sold 7,792 shares of the business’s stock in a transaction 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 completion of the transaction, the chief operating officer owned 1 shares of the company’s stock, valued at approximately $491.04. The trade was a 99.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on LMT shares. Morgan Stanley lifted their price target on shares of Lockheed Martin from $530.00 to $630.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Vertical Research reaffirmed a “hold” rating and set a $460.00 target price on shares of Lockheed Martin in a research report on Tuesday, July 22nd. Royal Bank Of Canada boosted their price target on Lockheed Martin from $440.00 to $525.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft set a $519.00 price objective on Lockheed Martin and gave the company a “hold” rating in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. dropped their price objective on Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating on the stock in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Lockheed Martin currently has an average rating of “Hold” and a consensus price target of $513.47.

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.