Intech Investment Management LLC Buys 12,632 Shares of Lockheed Martin Corporation $LMT

Intech Investment Management LLC increased its stake in Lockheed Martin Corporation (NYSE:LMT) by 60.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,435 shares of the aerospace company’s stock after buying an additional 12,632 shares during the period. Intech Investment Management LLC’s holdings in Lockheed Martin were worth $15,485,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Mid American Wealth Advisory Group Inc. bought a new position in shares of Lockheed Martin in the 2nd quarter worth approximately $28,000. Frazier Financial Advisors LLC purchased a new stake in Lockheed Martin in the second quarter worth $34,000. GFG Capital LLC bought a new position in Lockheed Martin in the second quarter worth $43,000. Bernard Wealth Management Corp. boosted its holdings in shares of Lockheed Martin by 251.9% during 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 in the last quarter. Finally, Ritter Daniher Financial Advisory LLC DE purchased a new stake in shares of Lockheed Martin in the 1st quarter worth about $45,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on LMT shares. The Goldman Sachs Group lifted their price target on shares of Lockheed Martin from $398.00 to $425.00 and gave the company a “sell” rating in a research report on Friday, October 10th. Alembic Global Advisors upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a report on Thursday, August 28th. Deutsche Bank Aktiengesellschaft set a $519.00 price target on Lockheed Martin and gave the stock a “hold” rating in a research note on Wednesday, October 8th. Truist Financial raised their price objective on Lockheed Martin from $440.00 to $500.00 and gave the company a “hold” rating in a research report on Wednesday, October 15th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Lockheed Martin in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $513.47.

Lockheed Martin Price Performance

NYSE LMT opened at $466.27 on Friday. The stock has a market capitalization of $107.89 billion, a price-to-earnings ratio of 26.03, a PEG ratio of 1.69 and a beta of 0.25. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.13 and a quick ratio of 0.97. The business’s fifty day moving average price is $484.22 and its 200-day moving average price is $467.11. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $546.00.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, beating the consensus estimate of $6.33 by $0.62. The firm had revenue of $18.61 billion during the quarter, compared to analyst estimates of $18.45 billion. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.84 EPS. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. On average, equities analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Increases Dividend

The firm 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 is Monday, December 1st. This represents a $13.80 annualized dividend and a dividend yield of 3.0%. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s dividend payout ratio is 77.05%.

Insider Activity

In other news, COO John Frank A. St sold 7,792 shares of the business’s 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 of the company’s stock, valued at $491.04. The trade was a 99.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.14% of the stock is currently owned by insiders.

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.