Lockheed Martin Corporation $LMT Position Raised by Slagle Financial LLC

Slagle Financial LLC lifted its position in Lockheed Martin Corporation (NYSE:LMT) by 4.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,874 shares of the aerospace company’s stock after buying an additional 282 shares during the period. Lockheed Martin makes up 1.3% of Slagle Financial LLC’s holdings, making the stock its 24th largest position. Slagle Financial LLC’s holdings in Lockheed Martin were worth $3,184,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of LMT. Entropy Technologies LP lifted its position in shares of Lockheed Martin by 410.2% in the 1st quarter. Entropy Technologies LP now owns 17,626 shares of the aerospace company’s stock valued at $7,874,000 after acquiring an additional 14,171 shares in the last quarter. PTM Wealth Management LLC purchased a new stake in shares of Lockheed Martin in the first quarter valued at $377,000. Empowered Funds LLC grew its holdings in shares of Lockheed Martin by 21.2% during the first quarter. Empowered Funds LLC now owns 40,380 shares of the aerospace company’s stock valued at $18,038,000 after buying an additional 7,052 shares in the last quarter. Laffer Tengler Investments Inc. raised its position in Lockheed Martin by 482.6% during the second quarter. Laffer Tengler Investments Inc. now owns 6,979 shares of the aerospace company’s stock valued at $3,232,000 after buying an additional 5,781 shares during the period. Finally, Modera Wealth Management LLC raised its position in Lockheed Martin by 3.1% during the second quarter. Modera Wealth Management LLC now owns 32,333 shares of the aerospace company’s stock valued at $14,975,000 after buying an additional 971 shares during the period. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

NYSE:LMT opened at $466.27 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 moving average is $484.22 and its 200-day moving average is $466.97. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $546.00. The company has a market cap 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 issued its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.33 by $0.62. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.The firm 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 company posted $6.84 earnings per share. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. Equities research analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Increases Dividend

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

Insiders Place Their Bets

In related news, COO John Frank A. St sold 7,792 shares of the firm’s stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $491.04, for a total transaction of $3,826,183.68. Following the completion of the transaction, the chief operating officer owned 1 shares in the company, valued at $491.04. This trade represents a 99.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

LMT has been the topic of several research reports. Morgan Stanley increased their target price on shares of Lockheed Martin from $530.00 to $630.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. Robert W. Baird increased their price objective on Lockheed Martin from $500.00 to $550.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. Susquehanna raised their price objective on shares of Lockheed Martin from $490.00 to $590.00 and gave the company a “positive” rating in a research report on Thursday, October 9th. Royal Bank Of Canada boosted their target price on shares of Lockheed Martin from $440.00 to $525.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 7th. Finally, UBS Group dropped their price target on shares of Lockheed Martin from $514.00 to $513.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $513.47.

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.