Lockheed Martin Corporation $LMT Shares Bought by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC increased its stake in shares of Lockheed Martin Corporation (NYSE:LMT – Free Report) by 5.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,464 shares of the aerospace company’s stock after purchasing an additional 1,074 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Lockheed Martin were worth $10,931,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Founders Financial Securities LLC grew its position in Lockheed Martin by 5.4% during the 3rd quarter. Founders Financial Securities LLC now owns 2,920 shares of the aerospace company’s stock worth $1,487,000 after acquiring an additional 150 shares during the last quarter. United Asset Strategies Inc. increased its holdings in Lockheed Martin by 1.7% in the 3rd quarter. United Asset Strategies Inc. now owns 30,913 shares of the aerospace company’s stock worth $15,743,000 after purchasing an additional 517 shares in the last quarter. Interchange Capital Partners LLC increased its holdings in Lockheed Martin by 6.1% in the 3rd quarter. Interchange Capital Partners LLC now owns 487 shares of the aerospace company’s stock worth $248,000 after purchasing an additional 28 shares in the last quarter. Childress Capital Advisors LLC raised its position in Lockheed Martin by 8.9% in the third quarter. Childress Capital Advisors LLC now owns 1,084 shares of the aerospace company’s stock valued at $552,000 after purchasing an additional 89 shares during the last quarter. Finally, D.A. Davidson & CO. raised its position in Lockheed Martin by 5.5% in the third quarter. D.A. Davidson & CO. now owns 39,874 shares of the aerospace company’s stock valued at $20,306,000 after purchasing an additional 2,085 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock opened at $643.62 on Friday. The stock has a market cap of $148.68 billion, a price-to-earnings ratio of 22.86, a P/E/G ratio of 1.34 and a beta of 0.09. Lockheed Martin Corporation has a twelve month low of $437.25 and a twelve month high of $692.00. The company’s fifty day moving average is $542.85 and its 200 day moving average is $568.44. The company has a quick ratio of 1.10, a current ratio of 1.26 and a debt-to-equity ratio of 2.04.

Lockheed Martin (NYSE:LMT – Get Free Report) last announced its earnings results on Thursday, October 22nd. The aerospace company reported $7.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.52 by $0.45. The business had revenue of $20.71 billion during the quarter, compared to analyst estimates of $20.48 billion. Lockheed Martin had a return on equity of 83.41% and a net margin of 8.23%. Lockheed Martin’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period last year, the company earned $6.95 EPS. Sell-side analysts forecast that Lockheed Martin Corporation will post 30.59 EPS for the current year.

Lockheed Martin Increases Dividend

The business also recently declared 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. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.45. The ex-dividend date is Tuesday, December 1st. This represents a $14.40 dividend on an annualized basis and a dividend yield of 2.2%. Lockheed Martin’s dividend payout ratio is presently 51.15%.

Analyst Ratings Changes

A number of brokerages have recently commented on LMT. Rothschild & Co Redburn initiated coverage on Lockheed Martin in a research note on Tuesday, October 6th. They set a “buy” rating and a $650.00 price target on the stock. Weiss Ratings raised Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 9th. Barclays upped their price objective on Lockheed Martin from $554.00 to $560.00 and gave the company an “equal weight” rating in a research note on Friday, October 23rd. JPMorgan Chase & Co. raised their price objective on shares of Lockheed Martin from $620.00 to $665.00 and gave the company a “neutral” rating in a report on Monday. Finally, Sanford C. Bernstein cut their target price 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 investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $638.05.

Read Our Latest Stock Report on LMT

Trending Headlines about Lockheed Martin

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.

About Lockheed Martin

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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