SYM FINANCIAL Corp Grows Position in Lockheed Martin Corporation $LMT

SYM FINANCIAL Corp boosted its stake in Lockheed Martin Corporation (NYSE:LMT) by 23.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 585 shares of the aerospace company’s stock after purchasing an additional 110 shares during the quarter. SYM FINANCIAL Corp’s holdings in Lockheed Martin were worth $271,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Mid American Wealth Advisory Group Inc. purchased a new stake in Lockheed Martin during the second quarter worth approximately $28,000. TruNorth Capital Management LLC purchased a new stake in Lockheed Martin during the first quarter worth approximately $31,000. Frazier Financial Advisors LLC purchased a new stake in Lockheed Martin during the second quarter worth approximately $34,000. GFG Capital LLC purchased a new stake in Lockheed Martin during the second quarter worth approximately $43,000. Finally, Bernard Wealth Management Corp. grew its stake in Lockheed Martin by 251.9% during the second quarter. Bernard Wealth Management Corp. now owns 95 shares of the aerospace company’s stock worth $44,000 after buying an additional 68 shares during the period. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LMT has been the subject of several research reports. Truist Financial boosted their price objective on shares of Lockheed Martin from $440.00 to $500.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th. Bank of America lowered their price target on shares of Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a report on Thursday, August 21st. Wall Street Zen raised shares of Lockheed Martin from a “hold” rating to a “buy” rating in a report on Saturday. The Goldman Sachs Group raised their price target on shares of Lockheed Martin from $398.00 to $425.00 and gave the company a “sell” rating in a report on Friday, October 10th. 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 research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $513.47.

Lockheed Martin Trading Up 0.3%

Lockheed Martin stock opened at $486.96 on Tuesday. The firm’s 50-day moving average is $478.44 and its 200-day moving average is $466.74. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.97 and a current ratio of 1.13. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $576.43. The company has a market cap of $112.68 billion, a P/E ratio of 27.19, a PEG ratio of 1.69 and a beta of 0.28.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share for the quarter, beating the consensus estimate of $6.33 by $0.62. The firm had revenue of $18.61 billion for the quarter, compared to the consensus estimate of $18.45 billion. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. Lockheed Martin’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period last year, the firm posted $6.84 EPS. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. On average, equities analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be given a $3.45 dividend. The ex-dividend date is Monday, December 1st. This represents a $13.80 annualized dividend and a yield of 2.8%. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s payout ratio is 77.05%.

Insiders Place Their Bets

In related news, COO John Frank A. St sold 7,792 shares of Lockheed Martin stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $491.04, for a total value of $3,826,183.68. Following the sale, the chief operating officer directly owned 1 shares in the company, valued at $491.04. This trade represents a 99.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

About Lockheed Martin

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.