Quadcap Wealth Management LLC Purchases 1,490 Shares of Lockheed Martin Corporation $LMT

Quadcap Wealth Management LLC grew its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 33.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 6,000 shares of the aerospace company’s stock after buying an additional 1,490 shares during the quarter. Quadcap Wealth Management LLC’s holdings in Lockheed Martin were worth $3,055,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Norris Financial Group LLC bought a new stake in Lockheed Martin during the 1st quarter worth about $2,321,000. CX Institutional raised its stake in shares of Lockheed Martin by 527.4% in the third quarter. CX Institutional now owns 18,415 shares of the aerospace company’s stock worth $9,378,000 after acquiring an additional 15,480 shares during the last quarter. Talon Private Wealth LLC bought a new position in shares of Lockheed Martin in the first quarter worth about $3,743,000. Meeder Asset Management Inc. acquired a new position in shares of Lockheed Martin during the second quarter worth approximately $11,036,000. Finally, OneDigital Investment Advisors LLC acquired a new position in shares of Lockheed Martin during the second quarter worth approximately $4,796,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

More Lockheed Martin News

Here are the key news stories impacting Lockheed Martin this week:

• Positive Sentiment: Guggenheim initiated coverage with a Buy rating and a $735 price target, signaling potential upside in the analyst’s view. Lockheed Martin now covered by Guggenheim
• Positive Sentiment: Zacks highlighted LMT’s relative strength, citing strong quarterly results and demand—factors that could help support investor interest. Three stocks showing impressive relative strength
• Negative Sentiment: Democrats’ control of both chambers of Congress raised concerns that the proposed $1.5 trillion defense budget could be scaled back, with reports suggesting it may face pressure to fall toward $1.1 trillion. The uncertainty also puts funding for initiatives such as Golden Dome in question, weighing on defense contractors’ outlook. Why Lockheed Martin stock dropped today
• Negative Sentiment: Lockheed agreed to pay $29.5 million to settle federal claims that it discriminated against white workers. Beyond the settlement cost, the case could bring reputational and compliance scrutiny for the defense contractor. Lockheed Martin paying $29.5 million settlement

Wall Street Analyst Weigh In

Several analysts have recently commented on LMT shares. Citigroup increased their price target on shares of Lockheed Martin from $691.00 to $706.00 and gave the company a “buy” rating in a research note on Friday, October 23rd. Wells Fargo & Company boosted their price objective on shares of Lockheed Martin from $600.00 to $700.00 and gave the stock an “equal weight” rating in a research report on Monday. Wall Street Zen downgraded Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 17th. Barclays upped their price objective on Lockheed Martin from $554.00 to $560.00 and gave the stock an “equal weight” rating in a report on Friday, October 23rd. Finally, Vertical Research upgraded Lockheed Martin from a “hold” rating to a “buy” rating and set a $600.00 price objective on the stock in a research report on Wednesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $647.00.

Lockheed Martin Stock Performance

Lockheed Martin stock opened at $576.71 on Friday. The company has a current ratio of 1.26, a quick ratio of 1.10 and a debt-to-equity ratio of 2.04. Lockheed Martin Corporation has a 1 year low of $437.25 and a 1 year high of $692.00. The company has a market cap of $133.23 billion, a PE ratio of 20.49, a PEG ratio of 1.26 and a beta of 0.07. The company’s 50-day moving average is $548.24 and its two-hundred day moving average is $569.69.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Thursday, October 22nd. The aerospace company reported $7.97 EPS for the quarter, topping the consensus estimate of $7.52 by $0.45. Lockheed Martin had a net margin of 8.23% and a return on equity of 83.41%. The company had revenue of $20.71 billion during the quarter, compared to analysts’ expectations of $20.48 billion. During the same quarter in the previous year, the company earned $6.95 EPS. Lockheed Martin’s revenue was up 11.3% on a year-over-year basis. Equities analysts anticipate that Lockheed Martin Corporation will post 30.66 earnings per share for the current year.

Lockheed Martin Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 1st will be paid a $3.60 dividend. The ex-dividend date of this dividend is Tuesday, December 1st. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.45. This represents a $14.40 dividend on an annualized basis and a yield of 2.5%. Lockheed Martin’s payout ratio is 49.02%.

Lockheed Martin Profile

Lockheed Martin Corporation is a global security and aerospace company headquartered in Bethesda, Maryland. Formed in 1995 through the merger of Lockheed Corporation and Martin Marietta, the company develops and produces advanced defense, aerospace, and technology systems for government and commercial customers.

Its principal business areas include Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. Products and services include military aircraft such as the F-35 Lightning II, C-130 Hercules, and F-16 Fighting Falcon; missile-defense and precision-strike systems; helicopters and naval systems; command, control, communications, and intelligence technologies; satellites; space exploration systems; and other classified space and defense programs.

Lockheed Martin serves the U.S.