Perigon Wealth Management LLC Purchases 2,155 Shares of Lockheed Martin Corporation $LMT

Perigon Wealth Management LLC increased its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 13.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,850 shares of the aerospace company’s stock after buying an additional 2,155 shares during the period. Perigon Wealth Management LLC’s holdings in Lockheed Martin were worth $8,911,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Mid American Wealth Advisory Group Inc. bought a new position in shares of Lockheed Martin in the second quarter worth about $28,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Lockheed Martin in the 2nd quarter valued at approximately $29,000. Frazier Financial Advisors LLC acquired a new stake in Lockheed Martin in the 2nd quarter valued at approximately $34,000. MTM Investment Management LLC bought a new position in Lockheed Martin in the 2nd quarter worth approximately $36,000. Finally, Kilter Group LLC bought a new position in Lockheed Martin in the 2nd quarter worth approximately $40,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Price Performance

Shares of LMT stock opened at $483.14 on Friday. The stock’s fifty day simple moving average is $471.07 and its 200 day simple moving average is $465.72. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $516.00. The firm has a market cap of $111.80 billion, a price-to-earnings ratio of 26.98, a P/E/G ratio of 1.46 and a beta of 0.24. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.13 and a quick ratio of 0.97.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, beating the consensus estimate of $6.33 by $0.62. The company had revenue of $18.61 billion for 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 firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $6.84 EPS. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. On average, analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal 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 $3.45 dividend. This represents a $13.80 annualized dividend and a yield of 2.9%. The ex-dividend date is Monday, December 1st. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s dividend payout ratio is presently 77.05%.

Analysts Set New Price Targets

A number of brokerages have weighed in on LMT. Morgan Stanley reissued an “equal weight” rating and issued a $543.00 price target (down from $630.00) on shares of Lockheed Martin in a report on Tuesday, December 16th. The Goldman Sachs Group increased their target price on shares of Lockheed Martin from $398.00 to $425.00 and gave the company a “sell” rating in a research note on Friday, October 10th. JPMorgan Chase & Co. restated a “neutral” rating and set a $515.00 price target (up from $465.00) on shares of Lockheed Martin in a research note on Friday, December 19th. Citigroup assumed coverage on Lockheed Martin in a research report on Thursday, December 11th. They issued a “neutral” rating and a $505.00 price objective for the company. Finally, UBS Group lowered their price objective on Lockheed Martin from $514.00 to $513.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, eighteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $506.67.

Insider Buying and Selling

In other news, COO John Frank A. St sold 7,792 shares of the 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 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.14% of the company’s stock.

About Lockheed Martin

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.