Lockheed Martin Corporation $LMT Stock: Prosperitas Financial LLC Grows Holdings

Prosperitas Financial LLC raised its holdings in Lockheed Martin Corporation (NYSE:LMT) by 8.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,371 shares of the aerospace company’s stock after buying an additional 825 shares during the period. Lockheed Martin comprises about 1.6% of Prosperitas Financial LLC’s holdings, making the stock its 27th largest position. Prosperitas Financial LLC’s holdings in Lockheed Martin were worth $5,281,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. State Street Corp increased its position in shares of Lockheed Martin by 1.3% during the second quarter. State Street Corp now owns 32,975,170 shares of the aerospace company’s stock worth $16,799,530,000 after acquiring an additional 419,582 shares in the last quarter. BlackRock Inc. bought a new position in Lockheed Martin in the 2nd quarter valued at about $9,617,574,000. Corient Private Wealth LP bought a new position in Lockheed Martin in the 2nd quarter valued at about $101,960,000. Bank of New York Mellon Corp acquired a new position in Lockheed Martin during the 2nd quarter valued at about $645,258,000. Finally, Legal & General Group Plc acquired a new position in Lockheed Martin during the 2nd quarter valued at about $497,469,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LMT has been the topic of several analyst reports. UBS Group lifted their target price on Lockheed Martin from $653.00 to $692.00 and gave the company a “buy” rating in a research report on Friday, October 23rd. Barclays upped their target price on shares of Lockheed Martin from $554.00 to $560.00 and gave the stock an “equal weight” rating in a research note on Friday, October 23rd. Wall Street Zen downgraded shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 17th. Vertical Research raised shares of Lockheed Martin from a “hold” rating to a “buy” rating and set a $600.00 price target on the stock in a research report on Wednesday, October 14th. Finally, Sanford C. Bernstein dropped their price target on shares of Lockheed Martin from $629.00 to $564.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 14th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $638.05.

Lockheed Martin Stock Performance

Shares of LMT opened at $637.60 on Friday. Lockheed Martin Corporation has a 52-week low of $437.25 and a 52-week high of $692.00. The stock has a market capitalization of $147.29 billion, a price-to-earnings ratio of 22.65, a price-to-earnings-growth ratio of 1.37 and a beta of 0.09. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.10 and a current ratio of 1.26. The stock’s 50-day simple moving average is $544.17 and its 200 day simple moving average is $568.87.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Thursday, October 22nd. The aerospace company reported $7.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.52 by $0.45. Lockheed Martin had a return on equity of 83.41% and a net margin of 8.23%. The company had revenue of $20.71 billion during the quarter, compared to analyst estimates of $20.48 billion. During the same quarter last year, the company earned $6.95 earnings per share. The firm’s quarterly revenue was up 11.3% on a year-over-year basis. Research analysts forecast that Lockheed Martin Corporation will post 30.59 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 1st will be given a $3.60 dividend. The ex-dividend date is Tuesday, December 1st. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.45. This represents a $14.40 annualized dividend and a yield of 2.3%. Lockheed Martin’s dividend payout ratio is presently 49.02%.

More Lockheed Martin News

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

• Positive Sentiment: The U.S. State Department approved a possible $2.1 billion Patriot missile package for Ukraine, naming Lockheed Martin as the principal contractor. The package includes 500 PAC-3 MSE interceptors, spare parts, logistics and support, and will be financed by allied and Ukrainian funds rather than direct U.S. funding. The sale could add to LMT’s missile backlog, although no delivery schedule was provided. U.S. approves $2.1 billion Patriot missile sale to Ukraine
• Positive Sentiment: Recent coverage highlights Lockheed Martin’s record $292 billion backlog, continued F-35 production at 156 aircraft annually and a 10-year F-35 agreement with the Pentagon. These developments improve long-term revenue visibility and support the case for sustained military demand. Lockheed Martin long-term investor takeaways
• Positive Sentiment: Analysts and investors are also encouraged by potentially better Department of Defense contract terms, with higher-margin Missiles and Fire Control activities expected to improve profitability and reduce development and execution risk. Lockheed Martin backlog analysis
• Neutral Sentiment: Analysts remain divided on LMT versus faster-growing defense companies such as Kratos Defense. While the backlog and F-35 progress are favorable, valuation, cash generation and uncertainty over future U.S. defense budgets remain key considerations. Kratos Defense versus Lockheed Martin analysis
• Negative Sentiment: After a roughly 27% October rally, some investors may be taking profits. Coverage also flags gradually weakening margins and warns that management’s January update on profitability and execution could determine whether the recent advance is sustainable. Lockheed Martin October rally analysis

About Lockheed Martin

Lockheed Martin Corporation is a global security and aerospace company headquartered in Bethesda, Maryland. Formed in 1995 through the merger of Lockheed Corporation and Martin Marietta, the company develops and produces advanced defense, aerospace, and technology systems for government and commercial customers.

Its principal business areas include Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. Products and services include military aircraft such as the F-35 Lightning II, C-130 Hercules, and F-16 Fighting Falcon; missile-defense and precision-strike systems; helicopters and naval systems; command, control, communications, and intelligence technologies; satellites; space exploration systems; and other classified space and defense programs.

Lockheed Martin serves the U.S.