Clearstead Trust LLC Buys 127 Shares of Lockheed Martin Corporation $LMT

Clearstead Trust LLC boosted its position in Lockheed Martin Corporation (NYSE:LMT) by 17.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 867 shares of the aerospace company’s stock after acquiring an additional 127 shares during the period. Clearstead Trust LLC’s holdings in Lockheed Martin were worth $401,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Lockheed Martin during the second quarter valued at about $28,000. Frazier Financial Advisors LLC bought a new position in shares of Lockheed Martin in the second quarter valued at approximately $34,000. GFG Capital LLC purchased a new position in shares of Lockheed Martin during the second quarter valued at approximately $43,000. Bernard Wealth Management Corp. boosted its position in shares of Lockheed Martin by 251.9% during the second quarter. Bernard Wealth Management Corp. now owns 95 shares of the aerospace company’s stock valued at $44,000 after buying an additional 68 shares during the last quarter. Finally, Ritter Daniher Financial Advisory LLC DE purchased a new stake in Lockheed Martin in the 1st quarter valued at $45,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Royal Bank Of Canada increased their target price on shares of Lockheed Martin from $440.00 to $525.00 and gave the company a “sector perform” rating in a report on Tuesday, October 7th. Sanford C. Bernstein lifted their target price on shares of Lockheed Martin from $497.00 to $545.00 and gave the stock a “market perform” rating in a research report on Monday, October 20th. Vertical Research reaffirmed a “hold” rating and issued a $460.00 target price on shares of Lockheed Martin in a report on Tuesday, July 22nd. Wall Street Zen upgraded Lockheed Martin from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Finally, Morgan Stanley upped their price objective on Lockheed Martin from $530.00 to $630.00 and gave the company an “overweight” rating in a research note on Wednesday, October 15th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Lockheed Martin currently has an average rating of “Hold” and a consensus price target of $513.47.

Lockheed Martin Stock Down 0.3%

LMT stock opened at $455.76 on Friday. The stock has a 50-day simple moving average of $484.17 and a two-hundred day simple moving average of $467.18. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $561.35. The firm has a market capitalization of $105.46 billion, a PE ratio of 25.45, a PEG ratio of 1.69 and a beta of 0.25. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 3.32.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.33 by $0.62. The firm had revenue of $18.61 billion for the quarter, compared to the consensus estimate of $18.45 billion. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period in the prior year, the firm posted $6.84 earnings per share. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. On average, equities analysts predict that Lockheed Martin Corporation will post 27.15 EPS 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. Stockholders of record on Monday, December 1st will be given a dividend of $3.45 per share. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.30. The ex-dividend date is Monday, December 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 3.0%. Lockheed Martin’s dividend payout ratio (DPR) is presently 77.05%.

Insider Buying and Selling at Lockheed Martin

In related news, COO John Frank A. St sold 7,792 shares of the stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $491.04, for a total value of $3,826,183.68. Following the sale, the chief operating officer owned 1 shares in the company, valued at approximately $491.04. This trade represents a 99.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.14% of the company’s stock.

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.