Bank of Jackson Hole Trust Purchases 262 Shares of Lockheed Martin Corporation $LMT

Bank of Jackson Hole Trust boosted its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 17.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,771 shares of the aerospace company’s stock after purchasing an additional 262 shares during the period. Bank of Jackson Hole Trust’s holdings in Lockheed Martin were worth $820,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in LMT. Brighton Jones LLC grew its stake in Lockheed Martin by 5.0% in the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock worth $1,941,000 after acquiring an additional 191 shares in the last quarter. Spinnaker Trust grew its stake in Lockheed Martin by 7.5% in the 1st quarter. Spinnaker Trust now owns 721 shares of the aerospace company’s stock worth $322,000 after acquiring an additional 50 shares in the last quarter. Smallwood Wealth Investment Management LLC bought a new position in Lockheed Martin in the 1st quarter worth about $129,000. Deseret Mutual Benefit Administrators grew its stake in Lockheed Martin by 4.7% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 2,428 shares of the aerospace company’s stock worth $1,085,000 after acquiring an additional 110 shares in the last quarter. Finally, Benchmark Financial Wealth Advisors LLC grew its stake in Lockheed Martin by 31.6% in the 1st quarter. Benchmark Financial Wealth Advisors LLC now owns 658 shares of the aerospace company’s stock worth $294,000 after acquiring an additional 158 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, COO John Frank A. St sold 7,792 shares of the stock in a transaction that occurred 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 legal filing with the SEC, which is available at this link. 0.14% of the stock is owned by insiders.

Lockheed Martin Price Performance

Shares of LMT opened at $486.05 on Wednesday. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $576.43. The company has a 50 day moving average price of $479.34 and a 200-day moving average price of $466.88. 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 $112.47 billion, a PE ratio of 27.14, a PEG ratio of 1.70 and a beta of 0.28.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, beating analysts’ consensus estimates of $6.33 by $0.62. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The company had revenue of $18.61 billion during the quarter, compared to analysts’ expectations of $18.45 billion. During the same quarter in the prior year, the company posted $6.84 earnings per share. Lockheed Martin’s revenue for the quarter was up 8.8% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. Equities analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be given a dividend of $3.45 per share. The ex-dividend date of this dividend is Monday, December 1st. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. This represents a $13.80 dividend on an annualized basis and a yield of 2.8%. Lockheed Martin’s dividend payout ratio is currently 73.70%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Cowen downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Thursday, July 10th. Sanford C. Bernstein upped their price target on shares of Lockheed Martin from $497.00 to $545.00 and gave the stock a “market perform” rating in a research report on Monday, October 20th. Wall Street Zen raised shares of Lockheed Martin from a “hold” rating to a “buy” rating in a research report on Saturday. The Goldman Sachs Group upped their price target on shares of Lockheed Martin from $398.00 to $425.00 and gave the stock a “sell” rating in a research report on Friday, October 10th. Finally, Vertical Research reaffirmed a “hold” rating and issued a $460.00 price target on shares of Lockheed Martin in a research report on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $513.47.

About Lockheed Martin

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.