Hennion & Walsh Asset Management Inc. Raises Stock Holdings in Lockheed Martin Corporation $LMT

Hennion & Walsh Asset Management Inc. grew its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 14.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,808 shares of the aerospace company’s stock after acquiring an additional 1,885 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Lockheed Martin were worth $7,392,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Brighton Jones LLC boosted its holdings in Lockheed Martin by 5.0% in the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock worth $1,941,000 after purchasing an additional 191 shares during the last quarter. Amundi raised its stake in Lockheed Martin by 13.4% during the 1st quarter. Amundi now owns 25,094 shares of the aerospace company’s stock valued at $11,412,000 after buying an additional 2,962 shares during the last quarter. Kestra Investment Management LLC lifted its holdings in shares of Lockheed Martin by 25.2% during the 1st quarter. Kestra Investment Management LLC now owns 1,705 shares of the aerospace company’s stock valued at $762,000 after buying an additional 343 shares during the period. Ashton Thomas Private Wealth LLC lifted its holdings in shares of Lockheed Martin by 45.8% during the 1st quarter. Ashton Thomas Private Wealth LLC now owns 6,140 shares of the aerospace company’s stock valued at $2,743,000 after buying an additional 1,930 shares during the period. Finally, Sciencast Management LP boosted its stake in shares of Lockheed Martin by 231.3% in the 1st quarter. Sciencast Management LP now owns 6,640 shares of the aerospace company’s stock worth $2,966,000 after buying an additional 4,636 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Performance

LMT opened at $511.55 on Tuesday. The company has a 50 day simple moving average of $471.28 and a two-hundred day simple moving average of $466.59. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.13 and a quick ratio of 0.97. The firm has a market cap of $118.37 billion, a P/E ratio of 28.56, a PEG ratio of 1.41 and a beta of 0.24. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $516.00.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share for the quarter, beating analysts’ consensus estimates of $6.33 by $0.62. The company had revenue of $18.61 billion for 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%. Lockheed Martin’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $6.84 EPS. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. Equities 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 disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st were given a $3.45 dividend. The ex-dividend date was Monday, December 1st. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. This represents a $13.80 annualized dividend and a dividend yield of 2.7%. 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 dated Thursday, October 23rd. The stock was 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 in the company, valued at approximately $491.04. This trade represents a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.14% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on LMT. BNP Paribas Exane initiated coverage on Lockheed Martin in a research report on Tuesday, November 18th. They set an “outperform” rating and a $550.00 price objective for the company. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $515.00 price target (up previously from $465.00) on shares of Lockheed Martin in a research report on Friday, December 19th. BNP Paribas upgraded shares of Lockheed Martin to a “strong-buy” rating in a research note on Tuesday, November 18th. Susquehanna boosted their target price on shares of Lockheed Martin from $490.00 to $590.00 and gave the company a “positive” rating in a research report on Thursday, October 9th. Finally, Robert W. Baird upped their target price on shares of Lockheed Martin from $500.00 to $550.00 and gave the company an “outperform” rating in a report on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, seventeen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $506.18.

About Lockheed Martin

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.