Lockheed Martin Corporation $LMT is Old West Investment Management LLC’s 7th Largest Position

Old West Investment Management LLC grew its position in Lockheed Martin Corporation (NYSE:LMT) by 3.0% during the 2nd quarter, Holdings Channel reports. The fund owned 28,478 shares of the aerospace company’s stock after buying an additional 826 shares during the quarter. Lockheed Martin comprises about 4.3% of Old West Investment Management LLC’s holdings, making the stock its 7th biggest position. Old West Investment Management LLC’s holdings in Lockheed Martin were worth $13,189,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Capstone Financial Advisors Inc. increased its position in Lockheed Martin by 31.4% during the 2nd quarter. Capstone Financial Advisors Inc. now owns 708 shares of the aerospace company’s stock worth $328,000 after purchasing an additional 169 shares during the period. Advisors Capital Management LLC lifted its holdings in shares of Lockheed Martin by 2.8% in the 2nd quarter. Advisors Capital Management LLC now owns 82,796 shares of the aerospace company’s stock valued at $38,346,000 after buying an additional 2,251 shares during the period. WP Advisors LLC boosted its stake in shares of Lockheed Martin by 3.9% in the second quarter. WP Advisors LLC now owns 1,688 shares of the aerospace company’s stock valued at $782,000 after buying an additional 64 shares in the last quarter. Oak Harvest Investment Services grew its holdings in Lockheed Martin by 2.9% during the second quarter. Oak Harvest Investment Services now owns 14,719 shares of the aerospace company’s stock worth $6,817,000 after acquiring an additional 419 shares during the period. Finally, Intrua Financial LLC raised its position in Lockheed Martin by 10.5% in the second quarter. Intrua Financial LLC now owns 4,143 shares of the aerospace company’s stock worth $1,919,000 after acquiring an additional 393 shares in the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on LMT. Susquehanna boosted their target price on shares of Lockheed Martin from $490.00 to $590.00 and gave the stock a “positive” rating in a research report on Thursday, October 9th. Deutsche Bank Aktiengesellschaft set a $519.00 price objective on shares of Lockheed Martin and gave the company a “hold” rating in a research note on Wednesday, October 8th. Robert W. Baird upped their target price on shares of Lockheed Martin from $500.00 to $550.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. Bank of America dropped their target price 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. Finally, Truist Financial lifted their price target on shares of Lockheed Martin from $440.00 to $500.00 and gave the company a “hold” rating in a research report on Wednesday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $513.47.

Insider Buying and Selling at Lockheed Martin

In other news, COO John Frank A. St sold 7,792 shares of the business’s stock in a transaction on Thursday, October 23rd. The stock was 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 $491.04. The trade was a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.14% of the stock is currently owned by company insiders.

Lockheed Martin Stock Performance

NYSE:LMT opened at $455.76 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 3.32. The company has a market capitalization of $105.46 billion, a P/E ratio of 25.45, a price-to-earnings-growth ratio of 1.69 and a beta of 0.25. The firm has a 50-day moving average price of $484.17 and a two-hundred day moving average price of $467.18. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $561.35.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $6.95 EPS 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 prior year, the business earned $6.84 earnings per share. The company’s quarterly 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 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be given a dividend of $3.45 per share. The ex-dividend date of this dividend is Monday, December 1st. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. This represents a $13.80 annualized dividend and a yield of 3.0%. Lockheed Martin’s dividend payout ratio (DPR) is 77.05%.

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.