2,085 Lockheed Martin Corporation $LMT Shares Acquired by D.A. Davidson & CO.

D.A. Davidson & CO. increased its stake in Lockheed Martin Corporation (NYSE:LMT) by 5.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 39,874 shares of the aerospace company’s stock after acquiring an additional 2,085 shares during the period. D.A. Davidson & CO.’s holdings in Lockheed Martin were worth $20,306,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cahaba Wealth Management Inc. increased its position in Lockheed Martin by 3.2% in the third quarter. Cahaba Wealth Management Inc. now owns 542 shares of the aerospace company’s stock worth $276,000 after buying an additional 17 shares during the period. Beacon Capital Management LLC boosted its holdings in shares of Lockheed Martin by 4.5% during the second quarter. Beacon Capital Management LLC now owns 442 shares of the aerospace company’s stock valued at $225,000 after acquiring an additional 19 shares during the period. YANKCOM Partnership boosted its holdings in shares of Lockheed Martin by 0.7% during the third quarter. YANKCOM Partnership now owns 2,575 shares of the aerospace company’s stock valued at $1,311,000 after acquiring an additional 19 shares during the period. Capital Square LLC boosted its holdings in shares of Lockheed Martin by 1.1% during the third quarter. Capital Square LLC now owns 1,793 shares of the aerospace company’s stock valued at $913,000 after acquiring an additional 19 shares during the period. Finally, Boomfish Wealth Group LLC grew its position in shares of Lockheed Martin by 0.3% during the third quarter. Boomfish Wealth Group LLC now owns 5,748 shares of the aerospace company’s stock worth $2,927,000 after acquiring an additional 19 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Shares of NYSE LMT opened at $643.62 on Friday. Lockheed Martin Corporation has a 1 year low of $437.25 and a 1 year high of $692.00. The firm has a market cap of $148.68 billion, a P/E ratio of 22.86, a PEG ratio of 1.34 and a beta of 0.09. The stock has a fifty day moving average price of $542.85 and a two-hundred day moving average price of $568.44. The company has a debt-to-equity ratio of 2.04, a quick ratio of 1.10 and a current ratio of 1.26.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Thursday, October 22nd. The aerospace company reported $7.97 earnings per share 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 business had revenue of $20.71 billion during the quarter, compared to analyst estimates of $20.48 billion. During the same quarter in the prior year, the firm posted $6.95 earnings per share. The company’s 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 1st will be issued a $3.60 dividend. This represents a $14.40 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, December 1st. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.45. Lockheed Martin’s dividend payout ratio is currently 51.15%.

Analyst Ratings Changes

LMT has been the topic of a number of analyst reports. Rothschild & Co Redburn initiated coverage on shares of Lockheed Martin in a report on Tuesday, October 6th. They issued a “buy” rating and a $650.00 price objective on the stock. Wells Fargo & Company set a $600.00 target price on shares of Lockheed Martin in a research note on Monday, July 27th. Morgan Stanley upped their target price on shares of Lockheed Martin from $653.00 to $690.00 and gave the stock an “equal weight” rating in a research report on Friday, July 24th. Citigroup lifted their price target on Lockheed Martin from $691.00 to $706.00 and gave the company a “buy” rating in a report on Friday, October 23rd. Finally, Wall Street Zen downgraded Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 17th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $638.05.

Lockheed Martin News Roundup

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

• Positive Sentiment: Lockheed Martin reported quarterly earnings of $7.97 per share, ahead of the $7.52 consensus estimate, while revenue reached $20.71 billion and rose 11.3% year over year. The earnings beat and improved outlook helped drive investor enthusiasm.
• Positive Sentiment: Management reported a record $292 billion backlog, providing substantial multiyear revenue visibility and reinforcing Lockheed Martin’s position as a leading large U.S. defense contractor. Is Lockheed Martin a Buy After Its Latest Earnings Report?
• Positive Sentiment: A 10-year F-35 agreement with the Pentagon is viewed as a major contract win, increasing long-term program visibility. Morgan Stanley responded by raising its price target and upgrading the stock to Overweight from Equal Weight. Lockheed just landed one of the biggest defense deals in years
• Positive Sentiment: Lockheed Martin demonstrated additional missile-defense and precision-strike capabilities by redirecting an in-flight GMLRS rocket during a U.S. Army test, potentially supporting future defense demand. Lockheed Martin Advances Joint Fires Capability
• Neutral Sentiment: Analyst fair-value estimates moved modestly higher, with estimates generally clustered between $600 and $700. The revisions reflect optimism over earnings and F-35 progress but also continued caution regarding cash generation and federal budget uncertainty. Lockheed Martin Stock Sees Modest Fair Value Lift
• Negative Sentiment: After its substantial October rally, some investors may take profits. Analysts and commentators also highlighted slipping margins, a troubled F-35 contract, negative quarterly free cash flow and a potential billion-dollar pension charge.
• Negative Sentiment: Upcoming U.S. budget decisions and the November midterm elections could affect defense priorities and spending, while the stock’s recent gains increase the risk of disappointment when management provides its next update in January.

Lockheed Martin Company Profile

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.