Lockheed Martin Corporation $LMT Shares Bought by Linscomb Wealth Inc.

Linscomb Wealth Inc. increased its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 1.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,791 shares of the aerospace company’s stock after buying an additional 238 shares during the period. Linscomb Wealth Inc.’s holdings in Lockheed Martin were worth $11,019,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in LMT. Brighton Jones LLC increased its stake in Lockheed Martin by 5.0% during the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock worth $1,941,000 after buying an additional 191 shares during the period. Vontobel Holding Ltd. increased its stake in Lockheed Martin by 106.4% during the 1st quarter. Vontobel Holding Ltd. now owns 7,642 shares of the aerospace company’s stock worth $3,414,000 after buying an additional 3,940 shares during the period. Clear Creek Financial Management LLC increased its stake in Lockheed Martin by 27.0% during the 1st quarter. Clear Creek Financial Management LLC now owns 569 shares of the aerospace company’s stock worth $254,000 after buying an additional 121 shares during the period. Hudson Edge Investment Partners Inc. increased its stake in Lockheed Martin by 6.6% during the 1st quarter. Hudson Edge Investment Partners Inc. now owns 14,153 shares of the aerospace company’s stock worth $6,322,000 after buying an additional 873 shares during the period. Finally, Strategic Financial Concepts LLC increased its stake in Lockheed Martin by 12.1% during the 1st quarter. Strategic Financial Concepts LLC now owns 537 shares of the aerospace company’s stock worth $240,000 after buying an additional 58 shares during the period. 74.19% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, COO John Frank A. St sold 7,792 shares of the stock in a transaction on 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 completion of the sale, the chief operating officer owned 1 shares in the company, valued at $491.04. This represents a 99.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

LMT has been the subject of several analyst reports. Bank of America lowered their price target 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. TD Cowen reissued a “hold” rating and issued a $480.00 target price (down previously from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. UBS Group dropped their target price on Lockheed Martin from $514.00 to $513.00 and set a “neutral” rating on the stock in a report on Wednesday, October 22nd. Royal Bank Of Canada increased their target price on Lockheed Martin from $440.00 to $525.00 and gave the company a “sector perform” rating in a report on Tuesday, October 7th. Finally, Deutsche Bank Aktiengesellschaft set a $519.00 target price on Lockheed Martin and gave the company a “hold” rating in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $513.47.

Lockheed Martin Trading Up 0.9%

Shares of Lockheed Martin stock opened at $489.47 on Friday. The company has a fifty day simple moving average of $480.97 and a 200-day simple moving average of $467.11. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $576.43. 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 $113.26 billion, a price-to-earnings ratio of 27.33, a PEG ratio of 1.69 and a beta of 0.28.

Lockheed Martin (NYSE:LMT) last issued its 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 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 analysts’ expectations of $18.45 billion. During the same quarter in the prior year, the business posted $6.84 EPS. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. On average, equities analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be paid a dividend of $3.45 per share. The ex-dividend date is Monday, December 1st. This represents a $13.80 dividend on an annualized basis and a yield of 2.8%. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s dividend payout ratio (DPR) is currently 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.