New Hampshire Trust Grows Stock Holdings in Lockheed Martin Corporation $LMT

New Hampshire Trust boosted its position in Lockheed Martin Corporation (NYSE:LMT) by 2.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,469 shares of the aerospace company’s stock after acquiring an additional 88 shares during the period. New Hampshire Trust’s holdings in Lockheed Martin were worth $1,607,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted 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 buying an additional 191 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in Lockheed Martin by 0.5% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 85,766 shares of the aerospace company’s stock worth $38,313,000 after buying an additional 386 shares during the last quarter. Transcend Capital Advisors LLC boosted its stake in Lockheed Martin by 5.6% in the 1st quarter. Transcend Capital Advisors LLC now owns 1,815 shares of the aerospace company’s stock worth $811,000 after buying an additional 96 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Lockheed Martin by 14.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 201,566 shares of the aerospace company’s stock worth $88,989,000 after buying an additional 25,688 shares during the last quarter. Finally, 3Chopt Investment Partners LLC acquired a new stake in Lockheed Martin in the 1st quarter worth about $759,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Trading Down 0.5%

LMT opened at $485.59 on Friday. The firm’s 50 day moving average is $477.51 and its 200-day moving average is $466.54. The company has a quick ratio of 0.83, a current ratio of 1.13 and a debt-to-equity ratio of 3.32. The firm has a market capitalization of $112.37 billion, a P/E ratio of 27.11, a P/E/G ratio of 1.60 and a beta of 0.28. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $576.43.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share (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 business had revenue of $18.61 billion for the quarter, compared to analyst estimates of $18.45 billion. During the same quarter in the prior year, the business posted $6.84 EPS. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. 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. Investors of record on Monday, December 1st will be issued a $3.45 dividend. The ex-dividend date of this dividend is Monday, December 1st. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.30. This represents a $13.80 annualized dividend 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 weighed in on LMT shares. Vertical Research reiterated a “hold” rating and issued a $460.00 price target on shares of Lockheed Martin in a report on Tuesday, July 22nd. Truist Financial upped their price target on Lockheed Martin from $440.00 to $500.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th. TD Cowen restated a “hold” rating and set a $480.00 price target (down from $500.00) on shares of Lockheed Martin in a research note on Thursday, July 10th. Bank of America dropped their price target on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a research note on Thursday, August 21st. Finally, Alembic Global Advisors upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a research note on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Lockheed Martin presently has a consensus rating of “Hold” and an average price target of $513.47.

Lockheed Martin Company 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.