Partners Wealth Management LLC bought a new stake in shares of Lockheed Martin Corporation (NYSE:LMT – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 834 shares of the aerospace company’s stock, valued at approximately $425,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Norris Financial Group LLC bought a new stake in shares of Lockheed Martin in the 1st quarter worth about $2,321,000. CX Institutional lifted its holdings in shares of Lockheed Martin by 527.4% in the 3rd quarter. CX Institutional now owns 18,415 shares of the aerospace company’s stock valued at $9,378,000 after acquiring an additional 15,480 shares during the last quarter. Talon Private Wealth LLC bought a new position in shares of Lockheed Martin in the 1st quarter valued at about $3,743,000. Meeder Asset Management Inc. bought a new position in shares of Lockheed Martin in the 2nd quarter valued at about $11,036,000. Finally, OneDigital Investment Advisors LLC bought a new position in shares of Lockheed Martin in the 2nd quarter valued at about $4,796,000. 74.19% of the stock is owned by hedge funds and other institutional investors.
Trending Headlines about Lockheed Martin
Here are the key news stories impacting Lockheed Martin this week:
- Positive Sentiment: The U.S. State Department approved a possible $2.1 billion Patriot missile package for Ukraine, naming Lockheed Martin as the principal contractor. The package includes 500 PAC-3 MSE interceptors, spare parts, logistics and support, and will be financed by allied and Ukrainian funds rather than direct U.S. funding. The sale could add to LMT’s missile backlog, although no delivery schedule was provided. U.S. approves $2.1 billion Patriot missile sale to Ukraine
- Positive Sentiment: Recent coverage highlights Lockheed Martin’s record $292 billion backlog, continued F-35 production at 156 aircraft annually and a 10-year F-35 agreement with the Pentagon. These developments improve long-term revenue visibility and support the case for sustained military demand. Lockheed Martin long-term investor takeaways
- Positive Sentiment: Analysts and investors are also encouraged by potentially better Department of Defense contract terms, with higher-margin Missiles and Fire Control activities expected to improve profitability and reduce development and execution risk. Lockheed Martin backlog analysis
- Neutral Sentiment: Analysts remain divided on LMT versus faster-growing defense companies such as Kratos Defense. While the backlog and F-35 progress are favorable, valuation, cash generation and uncertainty over future U.S. defense budgets remain key considerations. Kratos Defense versus Lockheed Martin analysis
- Negative Sentiment: After a roughly 27% October rally, some investors may be taking profits. Coverage also flags gradually weakening margins and warns that management’s January update on profitability and execution could determine whether the recent advance is sustainable. Lockheed Martin October rally analysis
Analyst Upgrades and Downgrades
Several research analysts recently commented on LMT shares. Robert W. Baird set a $700.00 price target on Lockheed Martin in a research report on Friday, July 24th. Wells Fargo & Company set a $600.00 price objective on Lockheed Martin in a research report on Monday, July 27th. TD Cowen lowered their price objective on Lockheed Martin from $600.00 to $570.00 and set a “hold” rating for the company in a research note on Friday, October 9th. UBS Group raised their price objective on Lockheed Martin from $653.00 to $692.00 and gave the company a “buy” rating in a research note on Friday, October 23rd. Finally, Sanford C. Bernstein dropped their target price on Lockheed Martin from $629.00 to $564.00 and set a “market perform” rating for the company in a report on Wednesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $638.05.
View Our Latest Research Report on LMT
Lockheed Martin Trading Down 0.9%
Shares of LMT opened at $637.60 on Friday. The company’s fifty day simple moving average is $544.17 and its 200-day simple moving average is $568.87. The company has a market cap of $147.29 billion, a P/E ratio of 22.65, a P/E/G ratio of 1.35 and a beta of 0.09. The company has a current ratio of 1.26, a quick ratio of 1.10 and a debt-to-equity ratio of 2.04. Lockheed Martin Corporation has a twelve month low of $437.25 and a twelve month high of $692.00.
Lockheed Martin (NYSE:LMT – Get Free Report) last released its quarterly earnings results on Thursday, October 22nd. The aerospace company reported $7.97 EPS for the quarter, topping analysts’ consensus estimates of $7.52 by $0.45. Lockheed Martin had a net margin of 8.23% and a return on equity of 83.41%. The firm had revenue of $20.71 billion during the quarter, compared to analysts’ expectations of $20.48 billion. During the same period in the previous year, the company earned $6.95 EPS. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. As a group, analysts expect that Lockheed Martin Corporation will post 30.66 EPS for the current year.
Lockheed Martin Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 1st will be given a $3.60 dividend. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.45. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $14.40 dividend on an annualized basis and a yield of 2.3%. Lockheed Martin’s dividend payout ratio is currently 49.02%.
Lockheed Martin 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.
Featured Articles
- Five stocks we like better than Lockheed Martin
- Starbucks Says Its Turnaround Is Done—The Numbers Make a Strong Case (With 1 Catch)
- 3 Robotics ETFs, 3 Different Ways to Bet on Humanoid Robots
- Can Microsoft Turn a Leaner Workforce and Record AI Spending Into Bigger Profits?
- Why JFrog Could Be the Software Infrastructure Company to Beat in the AI Boom
Receive News & Ratings for Lockheed Martin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lockheed Martin and related companies with MarketBeat.com's FREE daily email newsletter.
