Foundations Investment Advisors LLC Acquires 1,491 Shares of Lockheed Martin Corporation $LMT

Foundations Investment Advisors LLC increased its holdings in Lockheed Martin Corporation (NYSE:LMT) by 28.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,665 shares of the aerospace company’s stock after purchasing an additional 1,491 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Lockheed Martin were worth $3,087,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC lifted its stake in shares of Lockheed Martin by 5.0% in the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock worth $1,941,000 after acquiring an additional 191 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Lockheed Martin by 193.5% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,849 shares of the aerospace company’s stock worth $2,166,000 after purchasing an additional 3,197 shares during the last quarter. Nwam LLC lifted its position in shares of Lockheed Martin by 2.0% in the 1st quarter. Nwam LLC now owns 1,243 shares of the aerospace company’s stock worth $555,000 after purchasing an additional 24 shares during the period. Csenge Advisory Group lifted its position in shares of Lockheed Martin by 42.7% in the 1st quarter. Csenge Advisory Group now owns 5,746 shares of the aerospace company’s stock worth $2,667,000 after purchasing an additional 1,719 shares during the period. Finally, Fountainhead AM LLC boosted its stake in shares of Lockheed Martin by 17.0% in the 1st quarter. Fountainhead AM LLC now owns 611 shares of the aerospace company’s stock valued at $273,000 after purchasing an additional 89 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock opened at $466.27 on Monday. The business has a 50-day simple moving average of $484.22 and a 200 day simple moving average of $466.97. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $546.00. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.13 and a quick ratio of 0.97. The firm has a market capitalization of $107.89 billion, a price-to-earnings ratio of 26.03, a PEG ratio of 1.69 and a beta of 0.25.

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

Lockheed Martin Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors 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 dividend yield of 3.0%. Lockheed Martin’s payout ratio is presently 77.05%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Alembic Global Advisors raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a research note on Thursday, August 28th. Sanford C. Bernstein lifted their price objective on Lockheed Martin from $497.00 to $545.00 and gave the stock a “market perform” rating in a research report on Monday, October 20th. Robert W. Baird upped their target price on Lockheed Martin from $500.00 to $550.00 and gave the company an “outperform” rating in a research report on Monday, October 6th. JPMorgan Chase & Co. decreased their target price on Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating for the company in a research note on Wednesday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft set a $519.00 target price on Lockheed Martin and gave the stock a “hold” rating in a report on Wednesday, October 8th. One research 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 company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $513.47.

Insider Transactions at Lockheed Martin

In related news, COO John Frank A. St sold 7,792 shares of the 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 sale, the chief operating officer directly owned 1 shares of the company’s stock, valued at approximately $491.04. This represents a 99.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.14% of the company’s stock.

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.