StrongBox Wealth LLC boosted its stake in shares of Lockheed Martin Corporation (NYSE:LMT – Free Report) by 71.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,513 shares of the aerospace company’s stock after buying an additional 1,050 shares during the quarter. StrongBox Wealth LLC’s holdings in Lockheed Martin were worth $1,280,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of LMT. State Street Corp boosted its stake in Lockheed Martin by 1.3% during the second quarter. State Street Corp now owns 32,975,170 shares of the aerospace company’s stock worth $16,799,530,000 after buying an additional 419,582 shares during the period. BlackRock Inc. purchased a new stake in shares of Lockheed Martin in the second quarter valued at $9,617,574,000. Corient Private Wealth LP purchased a new stake in shares of Lockheed Martin in the second quarter valued at $101,960,000. Bank of New York Mellon Corp purchased a new stake in shares of Lockheed Martin in the second quarter valued at $645,258,000. Finally, Legal & General Group Plc bought a new stake in shares of Lockheed Martin in the 2nd quarter worth about $497,469,000. 74.19% of the stock is currently owned by institutional investors.
Key Lockheed Martin News
Here are the key news stories impacting Lockheed Martin this week:
- Positive Sentiment: Guggenheim initiated coverage with a Buy rating and a $735 price target, signaling potential upside in the analyst’s view. Lockheed Martin now covered by Guggenheim
- Positive Sentiment: Zacks highlighted LMT’s relative strength, citing strong quarterly results and demand—factors that could help support investor interest. Three stocks showing impressive relative strength
- Negative Sentiment: Democrats’ control of both chambers of Congress raised concerns that the proposed $1.5 trillion defense budget could be scaled back, with reports suggesting it may face pressure to fall toward $1.1 trillion. The uncertainty also puts funding for initiatives such as Golden Dome in question, weighing on defense contractors’ outlook. Why Lockheed Martin stock dropped today
- Negative Sentiment: Lockheed agreed to pay $29.5 million to settle federal claims that it discriminated against white workers. Beyond the settlement cost, the case could bring reputational and compliance scrutiny for the defense contractor. Lockheed Martin paying $29.5 million settlement
Wall Street Analyst Weigh In
LMT has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Lockheed Martin from $620.00 to $665.00 and gave the stock a “neutral” rating in a research note on Monday, October 26th. Royal Bank Of Canada increased their price objective on shares of Lockheed Martin from $550.00 to $600.00 and gave the stock a “sector perform” rating in a research report on Friday, October 23rd. Jefferies Financial Group reissued a “hold” rating and issued a $615.00 price objective on shares of Lockheed Martin in a research note on Sunday, October 25th. Barclays boosted their target price on Lockheed Martin from $554.00 to $560.00 and gave the company an “equal weight” rating in a research report on Friday, October 23rd. Finally, Robert W. Baird set a $700.00 target price on Lockheed Martin in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Lockheed Martin has a consensus rating of “Moderate Buy” and a consensus price target of $647.00.
Read Our Latest Research Report on Lockheed Martin
Lockheed Martin Stock Performance
LMT stock opened at $576.71 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.26 and a debt-to-equity ratio of 2.04. The business’s fifty day simple moving average is $548.24 and its two-hundred day simple moving average is $569.69. Lockheed Martin Corporation has a twelve month low of $437.25 and a twelve month high of $692.00. The firm has a market cap of $133.23 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 1.26 and a beta of 0.07.
Lockheed Martin (NYSE:LMT – Get Free Report) last issued its earnings results on Thursday, October 22nd. The aerospace company reported $7.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.52 by $0.45. The firm had revenue of $20.71 billion during the quarter, compared to analyst estimates of $20.48 billion. Lockheed Martin had a net margin of 8.23% and a return on equity of 83.41%. The business’s revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the firm earned $6.95 earnings per share. Analysts predict that Lockheed Martin Corporation will post 30.66 earnings per share for the current year.
Lockheed Martin Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 1st will be paid a $3.60 dividend. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $14.40 annualized dividend and a yield of 2.5%. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.45. Lockheed Martin’s payout ratio is 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.
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