Deane Retirement Strategies Inc. Takes $4.89 Million Position in Lockheed Martin Corporation $LMT

Deane Retirement Strategies Inc. purchased a new stake in shares of Lockheed Martin Corporation (NYSE:LMT) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 9,808 shares of the aerospace company’s stock, valued at approximately $4,893,000. Lockheed Martin accounts for about 2.1% of Deane Retirement Strategies Inc.’s holdings, making the stock its 22nd largest position.

A number of other institutional investors have also recently bought and sold shares of the business. Farther Finance Advisors LLC increased its holdings in shares of Lockheed Martin by 29.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 10,036 shares of the aerospace company’s stock valued at $5,010,000 after purchasing an additional 2,270 shares during the period. O Keefe Stevens Advisory Inc. grew its position in Lockheed Martin by 2.0% during the third quarter. O Keefe Stevens Advisory Inc. now owns 1,927 shares of the aerospace company’s stock valued at $962,000 after purchasing an additional 37 shares in the last quarter. Precedent Wealth Partners LLC increased its stake in Lockheed Martin by 6.9% in the 3rd quarter. Precedent Wealth Partners LLC now owns 3,904 shares of the aerospace company’s stock valued at $1,949,000 after buying an additional 253 shares during the period. Berger Financial Group Inc lifted its position in Lockheed Martin by 0.4% in the 3rd quarter. Berger Financial Group Inc now owns 17,472 shares of the aerospace company’s stock worth $8,722,000 after buying an additional 77 shares in the last quarter. Finally, HBK Sorce Advisory LLC lifted its position in Lockheed Martin by 15.6% in the 3rd quarter. HBK Sorce Advisory LLC now owns 20,520 shares of the aerospace company’s stock worth $10,548,000 after buying an additional 2,765 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on LMT. BNP Paribas raised shares of Lockheed Martin to a “strong-buy” rating in a research note on Tuesday, November 18th. Alembic Global Advisors upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating in a research note on Thursday, August 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lockheed Martin in a research note on Wednesday, October 8th. Susquehanna lifted their price target on Lockheed Martin from $490.00 to $590.00 and gave the company a “positive” rating in a report on Thursday, October 9th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $515.00 price objective (up previously from $465.00) on shares of Lockheed Martin in a report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, eighteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Lockheed Martin currently has an average rating of “Hold” and a consensus target price of $506.67.

Insider Activity

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

Lockheed Martin Price Performance

Shares of NYSE:LMT opened at $483.47 on Tuesday. The stock has a market capitalization of $111.87 billion, a P/E ratio of 26.99, a P/E/G ratio of 1.43 and a beta of 0.24. The business has a 50-day moving average of $472.17 and a two-hundred day moving average of $465.50. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $516.00. 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 quarterly earnings data on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share for the quarter, beating analysts’ consensus estimates of $6.33 by $0.62. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.The business had revenue of $18.61 billion for the quarter, compared to the consensus estimate of $18.45 billion. During the same period last year, the business earned $6.84 EPS. The firm’s revenue was up 8.8% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. On average, equities research analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently disclosed 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. The ex-dividend date is Monday, December 1st. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.9%. Lockheed Martin’s dividend payout ratio is presently 77.05%.

Lockheed Martin Profile

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.