Safe Harbor Fiduciary LLC Purchases 2,792 Shares of Lockheed Martin Corporation $LMT

Safe Harbor Fiduciary LLC increased its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 1,767.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,950 shares of the aerospace company’s stock after buying an additional 2,792 shares during the period. Lockheed Martin accounts for 1.3% of Safe Harbor Fiduciary LLC’s holdings, making the stock its 23rd biggest holding. Safe Harbor Fiduciary LLC’s holdings in Lockheed Martin were worth $1,366,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Mid American Wealth Advisory Group Inc. bought a new position in shares of Lockheed Martin in the 2nd quarter worth about $28,000. Frazier Financial Advisors LLC acquired a new stake in Lockheed Martin during the second quarter worth approximately $34,000. MTM Investment Management LLC bought a new stake in Lockheed Martin in the second quarter worth approximately $36,000. GFG Capital LLC bought a new stake in Lockheed Martin in the second quarter worth approximately $43,000. Finally, Bernard Wealth Management Corp. lifted its stake in Lockheed Martin by 251.9% in the second 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 during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Up 0.6%

Shares of NYSE LMT opened at $454.95 on Thursday. 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 company has a 50-day moving average price of $483.45 and a 200-day moving average price of $466.46. The stock has a market capitalization of $105.27 billion, a P/E ratio of 25.40, a P/E/G ratio of 1.69 and a beta of 0.25. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $529.99.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share for the quarter, topping analysts’ consensus estimates of $6.33 by $0.62. The company had revenue of $18.61 billion for 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 firm’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $6.84 EPS. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. On average, equities research analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The business also recently announced 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. 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. This represents a $13.80 annualized dividend and a dividend yield of 3.0%. Lockheed Martin’s payout ratio is presently 77.05%.

Analyst Ratings Changes

LMT has been the subject of several research analyst reports. UBS Group lowered their price objective on shares of Lockheed Martin from $514.00 to $513.00 and set a “neutral” rating for the company in a research note on Wednesday, October 22nd. Robert W. Baird raised their price target on shares of Lockheed Martin from $500.00 to $550.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. BNP Paribas raised shares of Lockheed Martin to a “strong-buy” rating in a research note on Tuesday, November 18th. Bank of America cut their price objective on shares of Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating on the stock in a research report on Thursday, August 21st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Lockheed Martin in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $515.50.

Insider Activity

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 transaction of $3,826,183.68. Following the completion of the sale, the chief operating officer owned 1 shares in the company, 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 SEC, which can be accessed through 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.