5,407 Shares in Lockheed Martin Corporation $LMT Bought by Stolper Co

Stolper Co purchased a new stake in Lockheed Martin Corporation (NYSE:LMTFree Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,407 shares of the aerospace company’s stock, valued at approximately $2,699,000.

Several other institutional investors have also recently made changes to their positions in the stock. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Lockheed Martin in the 2nd quarter valued at about $28,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Lockheed Martin in the second quarter valued at approximately $29,000. Frazier Financial Advisors LLC acquired a new stake in Lockheed Martin in the second quarter valued at approximately $34,000. MTM Investment Management LLC bought a new stake in shares of Lockheed Martin during the second quarter valued at approximately $36,000. Finally, Kilter Group LLC acquired a new position in shares of Lockheed Martin during the second quarter worth approximately $40,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin News Roundup

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

Lockheed Martin Stock Up 0.8%

Lockheed Martin stock opened at $473.70 on Friday. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $516.00. The stock has a market cap of $109.61 billion, a PE ratio of 26.45, a price-to-earnings-growth ratio of 1.43 and a beta of 0.24. The firm’s 50-day simple moving average is $472.58 and its 200 day simple moving average is $465.58. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.97 and a current ratio of 1.13.

Lockheed Martin (NYSE:LMTGet Free Report) last posted its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, beating the consensus estimate of $6.33 by $0.62. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The firm had revenue of $18.61 billion during the quarter, compared to analyst estimates of $18.45 billion. During the same quarter last year, the business posted $6.84 EPS. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. Research analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be issued a dividend of $3.45 per share. This represents a $13.80 dividend on an annualized basis and a yield of 2.9%. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.30. The ex-dividend date is Monday, December 1st. Lockheed Martin’s dividend payout ratio is 77.05%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on LMT shares. Robert W. Baird lifted their price target on shares of Lockheed Martin from $500.00 to $550.00 and gave the company an “outperform” rating in a research report on Monday, October 6th. Sanford C. Bernstein lifted their price objective on shares of Lockheed Martin from $497.00 to $545.00 and gave the company a “market perform” rating in a report on Monday, October 20th. BNP Paribas Exane assumed coverage on shares of Lockheed Martin in a research report on Tuesday, November 18th. They set an “outperform” rating and a $550.00 target price for the company. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Lockheed Martin from $517.00 to $492.00 and set a “hold” rating on the stock in a research report on Wednesday, December 10th. Finally, UBS Group cut their price target on Lockheed Martin from $514.00 to $513.00 and set a “neutral” rating for the company in a research note on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, eighteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $506.67.

Get Our Latest Analysis on LMT

Insiders Place Their Bets

In other Lockheed Martin news, COO John Frank A. St sold 7,792 shares of the business’s 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.14% of the company’s stock.

Lockheed Martin Profile

(Free Report)

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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