1,050 Lockheed Martin Corporation $LMT Shares Purchased by StrongBox Wealth LLC

StrongBox Wealth LLC increased its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 71.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,513 shares of the aerospace company’s stock after acquiring an additional 1,050 shares during the quarter. StrongBox Wealth LLC’s holdings in Lockheed Martin were worth $1,280,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. State Street Corp increased its holdings in Lockheed Martin by 1.3% in the 2nd quarter. State Street Corp now owns 32,975,170 shares of the aerospace company’s stock valued at $16,799,530,000 after acquiring an additional 419,582 shares during the last quarter. BlackRock Inc. bought a new position in shares of Lockheed Martin during the 2nd quarter valued at about $9,617,574,000. Corient Private Wealth LP boosted its holdings in shares of Lockheed Martin by 3,983.3% during the 2nd quarter. Corient Private Wealth LP now owns 7,110,961 shares of the aerospace company’s stock valued at $3,622,750,000 after purchasing an additional 6,936,814 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of Lockheed Martin during the 2nd quarter valued at about $645,258,000. Finally, Legal & General Group Plc purchased a new position in shares of Lockheed Martin during the second quarter valued at about $497,469,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Lockheed Martin

Here are the key news stories impacting Lockheed Martin this week:

• Positive Sentiment: Guggenheim initiated coverage with a Buy rating and a $735 price target, signaling potential upside in the analyst’s view. Lockheed Martin now covered by Guggenheim
• Positive Sentiment: Zacks highlighted LMT’s relative strength, citing strong quarterly results and demand—factors that could help support investor interest. Three stocks showing impressive relative strength
• Negative Sentiment: Democrats’ control of both chambers of Congress raised concerns that the proposed $1.5 trillion defense budget could be scaled back, with reports suggesting it may face pressure to fall toward $1.1 trillion. The uncertainty also puts funding for initiatives such as Golden Dome in question, weighing on defense contractors’ outlook. Why Lockheed Martin stock dropped today
• Negative Sentiment: Lockheed agreed to pay $29.5 million to settle federal claims that it discriminated against white workers. Beyond the settlement cost, the case could bring reputational and compliance scrutiny for the defense contractor. Lockheed Martin paying $29.5 million settlement

Lockheed Martin Price Performance

LMT stock opened at $576.71 on Friday. Lockheed Martin Corporation has a 52 week low of $437.25 and a 52 week high of $692.00. The company has a quick ratio of 1.10, a current ratio of 1.26 and a debt-to-equity ratio of 2.04. The company has a fifty day simple moving average of $548.24 and a two-hundred day simple moving average of $569.69. The firm has a market capitalization of $133.23 billion, a P/E ratio of 20.49, a price-to-earnings-growth ratio of 1.26 and a beta of 0.07.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Thursday, October 22nd. The aerospace company reported $7.97 EPS for the quarter, topping analysts’ consensus estimates of $7.52 by $0.45. Lockheed Martin had a net margin of 8.23% and a return on equity of 83.41%. The business had revenue of $20.71 billion during the quarter, compared to analysts’ expectations of $20.48 billion. During the same period last year, the company posted $6.95 EPS. The business’s revenue was up 11.3% on a year-over-year basis. Analysts anticipate that Lockheed Martin Corporation will post 30.66 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 1st will be given a $3.60 dividend. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.45. This represents a $14.40 annualized dividend and a yield of 2.5%. The ex-dividend date is Tuesday, December 1st. Lockheed Martin’s dividend payout ratio (DPR) is 49.02%.

Analysts Set New Price Targets

LMT has been the topic of several research reports. Wells Fargo & Company lifted their target price on Lockheed Martin from $600.00 to $700.00 and gave the stock an “equal weight” rating in a report on Monday. Robert W. Baird set a $700.00 target price on Lockheed Martin in a research report on Friday, July 24th. JPMorgan Chase & Co. increased their price target on Lockheed Martin from $620.00 to $665.00 and gave the company a “neutral” rating in a research note on Monday, October 26th. Bank of America restated a “neutral” rating and set a $620.00 price target on shares of Lockheed Martin in a report on Monday, October 26th. Finally, Citigroup lifted their price objective on Lockheed Martin from $691.00 to $706.00 and gave the stock a “buy” rating in a research note on Friday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Lockheed Martin has an average rating of “Moderate Buy” and a consensus target price of $647.00.

Lockheed Martin Company Profile

Lockheed Martin Corporation is a global security and aerospace company headquartered in Bethesda, Maryland. Formed in 1995 through the merger of Lockheed Corporation and Martin Marietta, the company develops and produces advanced defense, aerospace, and technology systems for government and commercial customers.

Its principal business areas include Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. Products and services include military aircraft such as the F-35 Lightning II, C-130 Hercules, and F-16 Fighting Falcon; missile-defense and precision-strike systems; helicopters and naval systems; command, control, communications, and intelligence technologies; satellites; space exploration systems; and other classified space and defense programs.

Lockheed Martin serves the U.S.