Bcwm LLC Raises Stock Position in Lockheed Martin Corporation $LMT

Bcwm LLC raised its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 7.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,423 shares of the aerospace company’s stock after purchasing an additional 1,478 shares during the period. Lockheed Martin accounts for 3.0% of Bcwm LLC’s holdings, making the stock its 13th biggest position. Bcwm LLC’s holdings in Lockheed Martin were worth $9,459,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Lockheed Martin by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 21,697,527 shares of the aerospace company’s stock worth $10,048,993,000 after buying an additional 214,565 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Lockheed Martin by 0.4% in the second 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 in the last quarter. Royal Bank of Canada lifted its position in shares of Lockheed Martin by 1.4% in the first quarter. Royal Bank of Canada now owns 2,287,495 shares of the aerospace company’s stock valued at $1,021,846,000 after acquiring an additional 31,443 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Lockheed Martin by 1.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,299,092 shares of the aerospace company’s stock worth $580,317,000 after purchasing an additional 24,512 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in Lockheed Martin by 0.6% in the 2nd quarter. Legal & General Group Plc now owns 959,510 shares of the aerospace company’s stock valued at $444,387,000 after purchasing an additional 6,073 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Price Performance

NYSE:LMT opened at $480.03 on Friday. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $516.00. The stock’s fifty day moving average is $476.03 and its two-hundred day moving average is $465.68. The company has a market capitalization of $111.08 billion, a P/E ratio of 26.80, a P/E/G ratio of 1.37 and a beta of 0.24. 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 (NYSE:LMT) last released its quarterly 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 business 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 company’s revenue was up 8.8% compared to the same quarter last year. 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. Equities analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st will be paid a $3.45 dividend. 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 dividend on an annualized basis and a dividend yield of 2.9%. Lockheed Martin’s payout ratio is presently 77.05%.

Insider Activity at Lockheed Martin

In related news, COO John Frank A. St sold 7,792 shares of the stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $491.04, for a total transaction of $3,826,183.68. Following the completion of the transaction, the chief operating officer owned 1 shares of the company’s stock, valued at approximately $491.04. This trade represents a 99.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Citigroup started coverage on shares of Lockheed Martin in a research note on Thursday. They set a “neutral” rating and a $505.00 target price on the stock. Wall Street Zen lowered shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Truist Financial increased their price objective on shares of Lockheed Martin from $440.00 to $500.00 and gave the company a “hold” rating in a report on Wednesday, October 15th. Alembic Global Advisors upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating in a report on Thursday, August 28th. Finally, Bank of America cut their price target on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a report on Thursday, August 21st. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Lockheed Martin presently has an average rating of “Hold” and an average price target of $510.22.

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.