AMG National Trust Bank Raises Stock Holdings in Lockheed Martin Corporation $LMT

AMG National Trust Bank grew its stake in Lockheed Martin Corporation (NYSE:LMT) by 9.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,503 shares of the aerospace company’s stock after buying an additional 133 shares during the quarter. AMG National Trust Bank’s holdings in Lockheed Martin were worth $696,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of LMT. Charles Schwab Investment Management Inc. increased its position in Lockheed Martin by 7.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 8,031,528 shares of the aerospace company’s stock worth $3,587,444,000 after buying an additional 560,457 shares in the last quarter. Nuveen LLC bought a new position in shares of Lockheed Martin in the first quarter worth about $221,790,000. AQR Capital Management LLC boosted its stake in shares of Lockheed Martin by 76.7% in the first quarter. AQR Capital Management LLC now owns 808,232 shares of the aerospace company’s stock worth $361,045,000 after acquiring an additional 350,796 shares during the period. T. Rowe Price Investment Management Inc. boosted its stake in shares of Lockheed Martin by 17,506.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 304,413 shares of the aerospace company’s stock worth $135,985,000 after acquiring an additional 302,684 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Lockheed Martin by 59.3% in the first quarter. The Manufacturers Life Insurance Company now owns 747,373 shares of the aerospace company’s stock worth $333,859,000 after acquiring an additional 278,121 shares during the period. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Susquehanna upped their price objective on Lockheed Martin from $490.00 to $590.00 and gave the stock a “positive” rating in a research note on Thursday, October 9th. Robert W. Baird upped their price objective on Lockheed Martin from $500.00 to $550.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. Cowen lowered Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Thursday, July 10th. Truist Financial upped their price objective on Lockheed Martin from $440.00 to $500.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lockheed Martin in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $513.47.

Insider Activity

In other news, COO John Frank A. St sold 7,792 shares of the firm’s stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $491.04, for a total value of $3,826,183.68. Following the completion of the sale, the chief operating officer directly owned 1 shares of the company’s stock, valued at $491.04. This trade represents a 99.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is owned by insiders.

Lockheed Martin Price Performance

Shares of Lockheed Martin stock opened at $492.04 on Friday. The stock has a 50 day moving average of $481.90 and a 200 day moving average of $467.21. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $576.43. The firm has a market cap of $113.86 billion, a PE ratio of 27.47, a PEG ratio of 1.69 and a beta of 0.28. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 3.32.

Lockheed Martin (NYSE:LMT) last announced its quarterly 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 return on equity of 111.84% and a net margin of 5.73%.The company had revenue of $18.61 billion during the quarter, compared to analyst estimates of $18.45 billion. During the same period in the prior year, the company earned $6.84 earnings per share. The firm’s revenue was up 8.8% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. On average, research analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st will be paid a $3.45 dividend. This represents a $13.80 annualized dividend and a dividend yield of 2.8%. 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. Lockheed Martin’s dividend payout ratio is 77.05%.

Lockheed Martin Profile

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.