Lockheed Martin Corporation $LMT Stock Position Raised by Greenleaf Trust

Greenleaf Trust boosted its holdings in Lockheed Martin Corporation (NYSE:LMT) by 22.9% during the third quarter, HoldingsChannel.com reports. The fund owned 8,635 shares of the aerospace company’s stock after acquiring an additional 1,607 shares during the period. Greenleaf Trust’s holdings in Lockheed Martin were worth $4,311,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Lockheed Martin by 14.6% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 14,808 shares of the aerospace company’s stock worth $7,392,000 after purchasing an additional 1,885 shares during the last quarter. Blue Bell Private Wealth Management LLC increased its position in Lockheed Martin by 14.7% in the third quarter. Blue Bell Private Wealth Management LLC now owns 335 shares of the aerospace company’s stock worth $167,000 after buying an additional 43 shares during the period. Gries Financial LLC lifted its stake in Lockheed Martin by 1.5% in the third quarter. Gries Financial LLC now owns 4,043 shares of the aerospace company’s stock valued at $2,018,000 after buying an additional 58 shares during the last quarter. KG&L Capital Management LLC acquired a new position in shares of Lockheed Martin during the third quarter valued at $326,000. Finally, D.A. Davidson & CO. boosted its holdings in shares of Lockheed Martin by 5.1% during the third quarter. D.A. Davidson & CO. now owns 32,826 shares of the aerospace company’s stock valued at $16,387,000 after acquiring an additional 1,592 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Trading Up 2.9%

Lockheed Martin stock opened at $511.55 on Tuesday. The firm has a 50 day simple moving average of $471.28 and a 200-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 stock has a market capitalization of $118.37 billion, a PE ratio of 28.56, a price-to-earnings-growth ratio of 1.41 and a beta of 0.24. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $516.00.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, topping the consensus estimate of $6.33 by $0.62. The firm had revenue of $18.61 billion for the quarter, compared to analysts’ expectations of $18.45 billion. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. 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, equities research analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 1st were paid a dividend of $3.45 per share. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.30. This represents a $13.80 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Monday, December 1st. Lockheed Martin’s dividend payout ratio (DPR) is 77.05%.

Insider Transactions at Lockheed Martin

In other Lockheed Martin news, COO John Frank A. St sold 7,792 shares of the business’s stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $491.04, for a total value of $3,826,183.68. Following the sale, the chief operating officer directly owned 1 shares in the company, valued at approximately $491.04. The trade was a 99.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.14% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Citigroup assumed coverage on shares of Lockheed Martin in a report on Thursday, December 11th. They issued a “neutral” rating and a $505.00 price objective on the stock. BNP Paribas Exane started coverage on shares of Lockheed Martin in a research note on Tuesday, November 18th. They issued an “outperform” rating and a $550.00 price target on the stock. Truist Financial lifted their price target on Lockheed Martin from $440.00 to $500.00 and gave the company a “hold” rating in a report on Wednesday, October 15th. UBS Group decreased their price objective on Lockheed Martin from $514.00 to $513.00 and set a “neutral” rating for the company in a report on Wednesday, October 22nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Lockheed Martin in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, seventeen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $506.18.

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.