Portside Wealth Group LLC Boosts Position in Lockheed Martin Corporation $LMT

Portside Wealth Group LLC raised its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 9.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,031 shares of the aerospace company’s stock after buying an additional 179 shares during the period. Portside Wealth Group LLC’s holdings in Lockheed Martin were worth $941,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Inspire Advisors LLC increased its position in shares of Lockheed Martin by 3.7% in the second quarter. Inspire Advisors LLC now owns 1,040 shares of the aerospace company’s stock worth $482,000 after acquiring an additional 37 shares in the last quarter. United Advisor Group LLC boosted its position in Lockheed Martin by 8.8% during the 2nd quarter. United Advisor Group LLC now owns 1,323 shares of the aerospace company’s stock worth $613,000 after purchasing an additional 107 shares during the period. Empowered Funds LLC boosted its position in Lockheed Martin by 19.8% during the 2nd quarter. Empowered Funds LLC now owns 48,375 shares of the aerospace company’s stock worth $22,404,000 after purchasing an additional 7,995 shares during the period. Vanguard Group Inc. increased its holdings in Lockheed Martin by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 21,697,527 shares of the aerospace company’s stock valued at $10,048,993,000 after purchasing an additional 214,565 shares in the last quarter. Finally, Invenio Wealth Partners LLC purchased a new position in Lockheed Martin in the second quarter valued at about $220,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Lockheed Martin

In other news, COO John Frank A. St sold 7,792 shares of the stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $491.04, for a total transaction of $3,826,183.68. Following the transaction, the chief operating officer owned 1 shares of the company’s stock, valued at approximately $491.04. This trade represents a 99.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LMT. Bank of America decreased their target price on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a research report on Thursday, August 21st. Susquehanna increased 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. Vertical Research reissued a “hold” rating and set a $460.00 target price on shares of Lockheed Martin in a research report on Tuesday, July 22nd. The Goldman Sachs Group upped their target price on shares of Lockheed Martin from $398.00 to $425.00 and gave the company a “sell” rating in a research note on Friday, October 10th. Finally, Alembic Global Advisors raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a report on Thursday, August 28th. One equities 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $513.47.

Lockheed Martin Stock Performance

Lockheed Martin stock opened at $474.45 on Wednesday. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $546.00. 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 stock has a market cap of $109.79 billion, a P/E ratio of 26.49, a price-to-earnings-growth ratio of 1.69 and a beta of 0.25. The stock has a 50 day moving average of $484.81 and a 200-day moving average of $466.93.

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, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $18.45 billion. During the same quarter in the previous year, the firm earned $6.84 earnings per share. The business’s 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. On average, analysts expect that Lockheed Martin Corporation will post 27.15 EPS 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. Stockholders of record on Monday, December 1st will be paid a $3.45 dividend. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. The ex-dividend date is Monday, December 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.9%. Lockheed Martin’s dividend payout ratio (DPR) is currently 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.