SBI Securities Co. Ltd. Has $3.69 Million Position in Lockheed Martin Corporation $LMT

SBI Securities Co. Ltd. grew its stake in Lockheed Martin Corporation (NYSE:LMT) by 3.8% during the second quarter, Holdings Channel reports. The firm owned 7,960 shares of the aerospace company’s stock after purchasing an additional 290 shares during the period. SBI Securities Co. Ltd.’s holdings in Lockheed Martin were worth $3,687,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Tyler Stone Wealth Management raised its stake in shares of Lockheed Martin by 3.3% during the 1st quarter. Tyler Stone Wealth Management now owns 684 shares of the aerospace company’s stock worth $306,000 after purchasing an additional 22 shares during the period. Investment Advisory Services Inc. TX ADV grew its position in shares of Lockheed Martin by 4.7% in the second quarter. Investment Advisory Services Inc. TX ADV now owns 486 shares of the aerospace company’s stock valued at $225,000 after purchasing an additional 22 shares in the last quarter. Broadway Wealth Solutions Inc. lifted its holdings in shares of Lockheed Martin by 4.5% in the second quarter. Broadway Wealth Solutions Inc. now owns 511 shares of the aerospace company’s stock worth $237,000 after buying an additional 22 shares in the last quarter. Gilbert & Cook Inc. boosted its holdings in Lockheed Martin by 2.0% in the 1st quarter. Gilbert & Cook Inc. now owns 1,198 shares of the aerospace company’s stock valued at $535,000 after purchasing an additional 23 shares during the period. Finally, Davis Investment Partners LLC grew its position in Lockheed Martin by 2.0% during the second quarter. Davis Investment Partners LLC now owns 1,168 shares of the aerospace company’s stock worth $544,000 after buying an additional 23 shares in the last quarter. 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 company’s stock in a transaction 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 sale, the chief operating officer directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on LMT. Deutsche Bank Aktiengesellschaft set a $519.00 price target on Lockheed Martin and gave the company a “hold” rating in a research report on Wednesday, October 8th. JPMorgan Chase & Co. dropped their target price on shares of Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating for the company in a research report on Wednesday, July 23rd. Robert W. Baird boosted their price target on shares of Lockheed Martin from $500.00 to $550.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. The Goldman Sachs Group raised their price objective 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. Finally, Royal Bank Of Canada lifted their price objective on shares of Lockheed Martin from $440.00 to $525.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 7th. One 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’s stock. According to MarketBeat.com, Lockheed Martin presently has a consensus rating of “Hold” and an average price target of $513.47.

Lockheed Martin Stock Performance

Lockheed Martin stock opened at $457.02 on Wednesday. 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 firm has a market cap of $105.75 billion, a P/E ratio of 25.52, a P/E/G ratio of 1.69 and a beta of 0.25. The firm has a 50-day moving average of $484.01 and a 200-day moving average of $467.33. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $576.43.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share 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 for the quarter, compared to analysts’ expectations of $18.45 billion. During the same quarter in the previous year, the business posted $6.84 earnings per share. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. Sell-side analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be given a dividend of $3.45 per share. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. This represents a $13.80 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Monday, December 1st. Lockheed Martin’s dividend payout ratio is presently 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.