Matrix Asset Advisors Inc. NY Makes New $11.48 Million Investment in Lockheed Martin Corporation $LMT

Matrix Asset Advisors Inc. NY acquired a new stake in shares of Lockheed Martin Corporation (NYSE:LMT) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 22,990 shares of the aerospace company’s stock, valued at approximately $11,477,000.

A number of other large investors have also modified their holdings of the business. Empowered Funds LLC boosted its position in Lockheed Martin by 21.2% in the first quarter. Empowered Funds LLC now owns 40,380 shares of the aerospace company’s stock valued at $18,038,000 after buying an additional 7,052 shares during the last quarter. Laffer Tengler Investments Inc. lifted its stake in Lockheed Martin by 482.6% during the 2nd quarter. Laffer Tengler Investments Inc. now owns 6,979 shares of the aerospace company’s stock valued at $3,232,000 after acquiring an additional 5,781 shares during the period. Modera Wealth Management LLC boosted its holdings in shares of Lockheed Martin by 3.1% in the 2nd quarter. Modera Wealth Management LLC now owns 32,333 shares of the aerospace company’s stock valued at $14,975,000 after acquiring an additional 971 shares during the last quarter. Founders Capital Management increased its stake in shares of Lockheed Martin by 46.9% in the second quarter. Founders Capital Management now owns 14,568 shares of the aerospace company’s stock worth $6,747,000 after acquiring an additional 4,648 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its stake in shares of Lockheed Martin by 10.5% in the second quarter. Steward Partners Investment Advisory LLC now owns 49,092 shares of the aerospace company’s stock worth $22,737,000 after acquiring an additional 4,672 shares during the period. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Lockheed Martin from $517.00 to $492.00 and set a “hold” rating for the company in a research report on Wednesday, December 10th. Royal Bank Of Canada raised their target price on Lockheed Martin from $440.00 to $525.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 7th. Alembic Global Advisors raised Lockheed Martin from a “neutral” rating to an “overweight” rating in a report on Thursday, August 28th. BNP Paribas upgraded Lockheed Martin to a “strong-buy” rating in a research report on Tuesday, November 18th. Finally, Sanford C. Bernstein lifted their target price 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. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, eighteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $506.67.

Lockheed Martin Stock Performance

NYSE:LMT opened at $473.70 on Monday. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.97 and a current ratio of 1.13. The stock has a market capitalization of $109.61 billion, a PE ratio of 26.45, a P/E/G ratio of 1.43 and a beta of 0.24. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $516.00. The company has a fifty day moving average of $472.58 and a two-hundred day moving average of $465.46.

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. The business had revenue of $18.61 billion during the quarter, compared to analysts’ expectations of $18.45 billion. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The company’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $6.84 earnings per share. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. As a group, research analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

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

Insider Activity

In other news, COO John Frank A. St sold 7,792 shares of the company’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 sale, the chief operating officer owned 1 shares of the company’s stock, valued at $491.04. This represents a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.14% of the stock is owned by insiders.

Key Headlines Impacting Lockheed Martin

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

• Positive Sentiment: Lockheed won a Space Development Agency contract for 18 missile‑tracking satellites (Tranche 3 Tracking Layer) with potential value >$1B — adds near‑term funded backlog, strengthens Lockheed’s space/missile‑defense revenue visibility. Lockheed Martin secures Tracking Layer contract from Space Development Agency
• Positive Sentiment: Skunk Works integrated XTEND’s OS into its MDCX autonomy platform to expand joint all‑domain C2 for multi‑class drones — a technology/competitive win that could support future program awards. Skunk Works® and XTEND Expand Joint All Domain Command and Control for Advanced Mission Execution
• Positive Sentiment: Rune Technologies joined Lockheed’s team on a $30M Army prototype for Next Generation Command & Control (NGC2), bolstering Lockheed’s position on a data‑centric Army effort. Rune Technologies Joins Lockheed Martin Team for Army’s Next Generation Command and Control Initiative
• Neutral Sentiment: Lockheed executed pension buy‑out conversions, transferring pension obligations to insurers — this reduces long‑term liabilities and volatility, though accounting and cash impacts are largely one‑time. Lockheed Martin Transfers Pension Obligations to Insurers
• Negative Sentiment: JPMorgan downgraded LMT to Neutral (from Overweight) — the move weighs on sentiment despite a higher $515 price target, signaling reduced conviction in near‑term upside. Lockheed Martin downgraded to neutral from overweight at JPMorgan
• Negative Sentiment: Morgan Stanley downgraded LMT to Hold — another analyst cut that can add selling pressure and reduce near‑term momentum. Lockheed Martin (LMT) was downgraded to a Hold Rating at Morgan Stanley
• Negative Sentiment: Zacks trimmed several near‑term EPS estimates (Q4/Q1 and FY revisions), and a Zacks‑driven Q1 EPS reduction was reported — small downward revisions that can temper consensus growth expectations. Lockheed Martin Q1 EPS Estimate Reduced by Zacks Research
• Negative Sentiment: Technical/flow pressure noted in market commentary and an Options Corner video highlights LMT lagging after analyst downgrades — indicative of increased short‑term selling interest. Options Corner: LMT Lags After Downgrade

Lockheed Martin Profile

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.