Quadrant Capital Group LLC Buys 1,156 Shares of Lockheed Martin Corporation $LMT

Quadrant Capital Group LLC boosted its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 28.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,250 shares of the aerospace company’s stock after acquiring an additional 1,156 shares during the quarter. Quadrant Capital Group LLC’s holdings in Lockheed Martin were worth $2,431,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Mid American Wealth Advisory Group Inc. bought a new stake in Lockheed Martin during the second quarter worth about $28,000. Frazier Financial Advisors LLC acquired a new stake in Lockheed Martin during the 2nd quarter valued at $34,000. MTM Investment Management LLC acquired a new position in Lockheed Martin in the second quarter worth $36,000. GFG Capital LLC acquired a new stake in shares of Lockheed Martin in the second quarter valued at $43,000. Finally, Bernard Wealth Management Corp. raised its holdings in shares of 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 last quarter. Institutional investors own 74.19% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on LMT. Alembic Global Advisors raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a research note on Thursday, August 28th. Susquehanna increased their price objective on shares of Lockheed Martin from $490.00 to $590.00 and gave the company a “positive” rating in a report on Thursday, October 9th. The Goldman Sachs Group boosted their price objective on shares of Lockheed Martin from $398.00 to $425.00 and gave the company a “sell” rating in a report on Friday, October 10th. Deutsche Bank Aktiengesellschaft set a $519.00 price objective on Lockheed Martin and gave the company a “hold” rating in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada increased their target price on Lockheed Martin from $440.00 to $525.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $515.50.

Insider Activity

In other news, COO John Frank A. St sold 7,792 shares of the company’s stock in a transaction that occurred 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 sale, the chief operating officer owned 1 shares in the company, valued at $491.04. This represents a 99.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.14% of the stock is currently owned by corporate insiders.

Lockheed Martin Stock Up 0.6%

Shares of LMT stock opened at $454.95 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 3.32. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $529.99. The firm’s fifty day moving average price is $483.08 and its two-hundred day moving average price is $466.38. The firm has a market capitalization of $105.27 billion, a P/E ratio of 25.40, a PEG ratio of 1.69 and a beta of 0.25.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, topping analysts’ consensus estimates of $6.33 by $0.62. The company had revenue of $18.61 billion during the quarter, compared to the consensus estimate of $18.45 billion. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The company’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period 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 analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The business also recently declared 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 is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. The ex-dividend date of this dividend is Monday, December 1st. This represents a $13.80 annualized dividend and a dividend yield of 3.0%. Lockheed Martin’s payout ratio is presently 77.05%.

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.