503 Shares in Lockheed Martin Corporation $LMT Acquired by One Charles Private Wealth Services LLC

One Charles Private Wealth Services LLC acquired a new stake in Lockheed Martin Corporation (NYSE:LMT) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 503 shares of the aerospace company’s stock, valued at approximately $233,000.

A number of other institutional investors have also recently modified their holdings of the stock. Mid American Wealth Advisory Group Inc. bought a new position in shares of Lockheed Martin in the second quarter worth $28,000. Frazier Financial Advisors LLC acquired a new stake in Lockheed Martin during the second quarter worth about $34,000. MTM Investment Management LLC acquired a new stake in Lockheed Martin during the second quarter worth about $36,000. GFG Capital LLC bought a new position in Lockheed Martin in the 2nd quarter valued at about $43,000. Finally, Bernard Wealth Management Corp. increased its holdings in Lockheed Martin by 251.9% in the 2nd quarter. Bernard Wealth Management Corp. now owns 95 shares of the aerospace company’s stock valued at $44,000 after buying an additional 68 shares during the period. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Performance

NYSE LMT opened at $451.62 on Tuesday. The firm’s fifty day moving average price is $484.25 and its two-hundred day moving average price is $466.69. The stock has a market cap of $104.50 billion, a PE ratio of 25.22, a PEG ratio of 1.69 and a beta of 0.25. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.97 and a current ratio of 1.13. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $534.16.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, beating analysts’ consensus estimates of $6.33 by $0.62. The company had revenue of $18.61 billion during the quarter, compared to analysts’ expectations of $18.45 billion. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.Lockheed Martin’s revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the company earned $6.84 EPS. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. On average, equities 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. Stockholders of record on Monday, December 1st will be paid 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 dividend on an annualized basis and a dividend yield of 3.1%. Lockheed Martin’s payout ratio is 77.05%.

Insider Buying and Selling at Lockheed Martin

In other news, COO John Frank A. St sold 7,792 shares of the company’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 value of $3,826,183.68. Following the completion of the transaction, the chief operating officer owned 1 shares of the company’s stock, valued at $491.04. This represents a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

LMT has been the subject of a number of recent analyst reports. Robert W. Baird upped their price target on shares of Lockheed Martin from $500.00 to $550.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. BNP Paribas upgraded shares of Lockheed Martin to a “strong-buy” rating in a research report on Tuesday, November 18th. The Goldman Sachs Group upped their target price on Lockheed Martin from $398.00 to $425.00 and gave the stock a “sell” rating in a research note on Friday, October 10th. UBS Group decreased their price target on Lockheed Martin from $514.00 to $513.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 22nd. Finally, Royal Bank Of Canada upped their price objective on Lockheed Martin from $440.00 to $525.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $515.50.

Lockheed Martin Company 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.