Advisory Alpha LLC Has $1.11 Million Holdings in Lockheed Martin Corporation $LMT

Advisory Alpha LLC boosted its stake in Lockheed Martin Corporation (NYSE:LMT) by 12.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,397 shares of the aerospace company’s stock after purchasing an additional 258 shares during the quarter. Advisory Alpha LLC’s holdings in Lockheed Martin were worth $1,111,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. SYM FINANCIAL Corp raised its stake in Lockheed Martin by 23.2% in the second quarter. SYM FINANCIAL Corp now owns 585 shares of the aerospace company’s stock valued at $271,000 after purchasing an additional 110 shares in the last quarter. Shilanski & Associates Inc. raised its stake in Lockheed Martin by 1.5% in the second quarter. Shilanski & Associates Inc. now owns 5,895 shares of the aerospace company’s stock valued at $2,730,000 after purchasing an additional 87 shares in the last quarter. Y Intercept Hong Kong Ltd raised its stake in Lockheed Martin by 54.4% in the second quarter. Y Intercept Hong Kong Ltd now owns 24,425 shares of the aerospace company’s stock valued at $11,312,000 after purchasing an additional 8,602 shares in the last quarter. Transcend Capital Advisors LLC raised its stake in Lockheed Martin by 5.3% in the second quarter. Transcend Capital Advisors LLC now owns 1,912 shares of the aerospace company’s stock valued at $885,000 after purchasing an additional 97 shares in the last quarter. Finally, Brookwood Investment Group LLC raised its stake in Lockheed Martin by 21.7% in the second quarter. Brookwood Investment Group LLC now owns 1,731 shares of the aerospace company’s stock valued at $802,000 after purchasing an additional 309 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. UBS Group dropped their price target on Lockheed Martin from $514.00 to $513.00 and set a “neutral” rating for the company in a research note on Wednesday, October 22nd. Alembic Global Advisors raised Lockheed Martin from a “neutral” rating to an “overweight” rating in a research note on Thursday, August 28th. Vertical Research reissued a “hold” rating and set a $460.00 target price on shares of Lockheed Martin in a research note on Tuesday, July 22nd. TD Cowen reissued a “hold” rating and set a $480.00 target price (down previously from $500.00) on shares of Lockheed Martin in a research note on Thursday, July 10th. Finally, Truist Financial boosted their target price on Lockheed Martin from $440.00 to $500.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $513.47.

Lockheed Martin Stock Down 0.2%

Shares of NYSE LMT opened at $486.05 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 3.32. The company has a market cap of $112.47 billion, a price-to-earnings ratio of 27.14, a PEG ratio of 1.70 and a beta of 0.28. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $576.43. The stock has a 50-day moving average price of $479.34 and a two-hundred day moving average price of $466.88.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, topping the consensus estimate of $6.33 by $0.62. The firm had revenue of $18.61 billion during the quarter, compared to the consensus estimate of $18.45 billion. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.The business’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $6.84 earnings per share. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. As a group, analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st will be issued a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a dividend yield of 2.8%. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.30. The ex-dividend date is Monday, December 1st. Lockheed Martin’s dividend payout ratio (DPR) is presently 73.70%.

Insider Buying and Selling at Lockheed Martin

In other news, COO John Frank A. St sold 7,792 shares of the business’s stock in a transaction dated 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 directly owned 1 shares in the company, valued at approximately $491.04. The trade was a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.14% of the company’s stock.

Lockheed Martin Company 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.