EagleClaw Capital Managment LLC Purchases 215 Shares of Lockheed Martin Corporation $LMT

EagleClaw Capital Managment LLC raised its holdings in Lockheed Martin Corporation (NYSE:LMT) by 1.5% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,144 shares of the aerospace company’s stock after acquiring an additional 215 shares during the quarter. EagleClaw Capital Managment LLC’s holdings in Lockheed Martin were worth $6,551,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of LMT. Hudock Inc. boosted its stake in Lockheed Martin by 3.3% in the 2nd quarter. Hudock Inc. now owns 1,824 shares of the aerospace company’s stock worth $845,000 after purchasing an additional 59 shares in the last quarter. Police & Firemen s Retirement System of New Jersey grew its stake in shares of Lockheed Martin by 3.3% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 31,709 shares of the aerospace company’s stock worth $14,686,000 after purchasing an additional 1,027 shares during the period. Horrell Capital Management Inc. increased its stake in shares of Lockheed Martin by 2.2% in the 2nd quarter. Horrell Capital Management Inc. now owns 15,348 shares of the aerospace company’s stock valued at $7,108,000 after purchasing an additional 334 shares in the last quarter. Bailard Inc. acquired a new stake in Lockheed Martin in the second quarter valued at approximately $335,000. Finally, Geode Capital Management LLC grew its stake in Lockheed Martin by 0.4% in the 2nd quarter. Geode Capital Management LLC now owns 4,884,954 shares of the aerospace company’s stock valued at $2,256,147,000 after acquiring an additional 19,459 shares during the period. Institutional investors own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on LMT. Royal Bank Of Canada lifted their price objective on Lockheed Martin from $440.00 to $525.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 7th. Sanford C. Bernstein lifted their target price on Lockheed Martin from $497.00 to $545.00 and gave the company a “market perform” rating in a research report on Monday, October 20th. JPMorgan Chase & Co. lowered their price target on Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating for the company in a report on Wednesday, July 23rd. Vertical Research reiterated a “hold” rating and issued a $460.00 target price on shares of Lockheed Martin in a report on Tuesday, July 22nd. Finally, Wall Street Zen upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Lockheed Martin has a consensus rating of “Hold” and a consensus price target of $513.47.

Insider Buying and Selling

In other news, COO John Frank A. St sold 7,792 shares of the company’s stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $491.04, for a total value of $3,826,183.68. Following the completion of the sale, the chief operating officer directly owned 1 shares of the company’s stock, valued at approximately $491.04. This represents a 99.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

Lockheed Martin Stock Up 0.0%

Shares of NYSE LMT opened at $457.14 on Thursday. The business has a 50-day moving average price of $484.17 and a 200 day moving average price of $467.26. The stock has a market cap of $105.78 billion, a PE ratio of 25.52, a price-to-earnings-growth ratio of 1.69 and a beta of 0.25. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 3.32. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $565.00.

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

Lockheed Martin Increases Dividend

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