Machina Capital S.A.S. Acquires 5,090 Shares of Lockheed Martin Corporation $LMT

Machina Capital S.A.S. grew its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 97.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,325 shares of the aerospace company’s stock after purchasing an additional 5,090 shares during the quarter. Lockheed Martin comprises about 1.0% of Machina Capital S.A.S.’s investment portfolio, making the stock its 15th biggest position. Machina Capital S.A.S.’s holdings in Lockheed Martin were worth $4,782,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. OMNI 360 Wealth Inc. raised its holdings in shares of Lockheed Martin by 2.5% during the 1st quarter. OMNI 360 Wealth Inc. now owns 913 shares of the aerospace company’s stock valued at $408,000 after purchasing an additional 22 shares in the last quarter. 49 Wealth Management LLC raised its holdings in Lockheed Martin by 3.4% in the 1st quarter. 49 Wealth Management LLC now owns 661 shares of the aerospace company’s stock worth $295,000 after acquiring an additional 22 shares during the period. Tyler Stone Wealth Management raised its holdings in Lockheed Martin by 3.3% in the 1st quarter. Tyler Stone Wealth Management now owns 684 shares of the aerospace company’s stock worth $306,000 after acquiring an additional 22 shares during the period. Investment Advisory Services Inc. TX ADV raised its holdings in Lockheed Martin by 4.7% in the 2nd quarter. Investment Advisory Services Inc. TX ADV now owns 486 shares of the aerospace company’s stock worth $225,000 after acquiring an additional 22 shares during the period. Finally, Broadway Wealth Solutions Inc. raised its holdings in Lockheed Martin by 4.5% in the 2nd quarter. Broadway Wealth Solutions Inc. now owns 511 shares of the aerospace company’s stock worth $237,000 after acquiring an additional 22 shares during the period. Institutional investors own 74.19% of the company’s stock.

Insider Buying and Selling at Lockheed Martin

In other Lockheed Martin news, COO John Frank A. St sold 7,792 shares of the business’s 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 completion of the transaction, the chief operating officer directly owned 1 shares of the company’s stock, valued at approximately $491.04. The trade was a 99.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

LMT has been the topic of several recent analyst reports. The Goldman Sachs Group lifted their target price on shares of Lockheed Martin from $398.00 to $425.00 and gave the stock a “sell” rating in a report on Friday, October 10th. TD Cowen restated a “hold” rating and issued a $480.00 price target (down from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. Sanford C. Bernstein raised their price target on shares of Lockheed Martin from $497.00 to $545.00 and gave the stock a “market perform” rating in a research report on Monday, October 20th. Wall Street Zen upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. Finally, Cowen lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Lockheed Martin currently has a consensus rating of “Hold” and an average price target of $513.47.

Lockheed Martin Price Performance

Shares of Lockheed Martin stock opened at $492.04 on Monday. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.97 and a current ratio of 1.13. The firm’s 50-day simple moving average is $481.90 and its 200-day simple moving average is $467.14. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $576.43. The firm has a market cap of $113.86 billion, a P/E ratio of 27.47, a price-to-earnings-growth ratio of 1.69 and a beta of 0.28.

Lockheed Martin (NYSE:LMT) last issued its earnings results 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. 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 period in the previous year, the business earned $6.84 EPS. The firm’s revenue was up 8.8% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. As a group, research analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

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

Lockheed Martin 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.