Fox Run Management L.L.C. Has $1.07 Million Position in Lockheed Martin Corporation $LMT

Fox Run Management L.L.C. raised its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 243.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 2,319 shares of the aerospace company’s stock after purchasing an additional 1,644 shares during the quarter. Fox Run Management L.L.C.’s holdings in Lockheed Martin were worth $1,074,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Mid American Wealth Advisory Group Inc. acquired a new position in Lockheed Martin in the 2nd quarter valued at $28,000. TruNorth Capital Management LLC bought a new stake in Lockheed Martin during the first quarter valued at about $31,000. Frazier Financial Advisors LLC bought a new stake in Lockheed Martin during the second quarter valued at about $34,000. GFG Capital LLC acquired a new stake in shares of Lockheed Martin in the second quarter valued at about $43,000. Finally, Bernard Wealth Management Corp. increased its stake in shares of Lockheed Martin by 251.9% in the second quarter. Bernard Wealth Management Corp. now owns 95 shares of the aerospace company’s stock worth $44,000 after purchasing an additional 68 shares during the period. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Down 2.3%

NYSE LMT opened at $457.93 on Friday. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year 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’s 50 day moving average is $483.98 and its two-hundred day moving average is $467.55. The company has a market capitalization of $105.96 billion, a price-to-earnings ratio of 25.57, 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 EPS for the quarter, topping 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 business had revenue of $18.61 billion during the quarter, compared to the consensus estimate of $18.45 billion. During the same quarter last year, the company earned $6.84 EPS. Lockheed Martin’s revenue was up 8.8% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. Equities analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st will be issued a $3.45 dividend. This represents a $13.80 annualized dividend and a dividend yield of 3.0%. 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. Lockheed Martin’s payout ratio is currently 77.05%.

Analysts Set New Price Targets

Several brokerages recently weighed in on LMT. UBS Group decreased their target price on Lockheed Martin from $514.00 to $513.00 and set a “neutral” rating for the company in a research note on Wednesday, October 22nd. Sanford C. Bernstein upped their price target on Lockheed Martin from $497.00 to $545.00 and gave the stock a “market perform” rating in a report on Monday, October 20th. Deutsche Bank Aktiengesellschaft set a $519.00 price objective on Lockheed Martin and gave the company a “hold” rating in a research report on Wednesday, October 8th. Susquehanna boosted their target price on shares of Lockheed Martin from $490.00 to $590.00 and gave the stock a “positive” rating in a research report on Thursday, October 9th. Finally, Bank of America reduced 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. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $513.47.

Insider Buying and Selling at Lockheed Martin

In related 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 completion of the sale, 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.14% of the company’s stock.

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.