Lockheed Martin Corporation $LMT Shares Bought by Foster Victor Wealth Advisors LLC

Foster Victor Wealth Advisors LLC raised its position in Lockheed Martin Corporation (NYSE:LMT) by 10.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,055 shares of the aerospace company’s stock after purchasing an additional 2,800 shares during the quarter. Foster Victor Wealth Advisors LLC’s holdings in Lockheed Martin were worth $15,162,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Mid American Wealth Advisory Group Inc. purchased a new position in Lockheed Martin in the second quarter valued at approximately $28,000. Twin Peaks Wealth Advisors LLC purchased a new stake in Lockheed Martin during the second quarter worth approximately $29,000. Frazier Financial Advisors LLC acquired a new stake in shares of Lockheed Martin in the second quarter worth $34,000. MTM Investment Management LLC purchased a new position in shares of Lockheed Martin in the 2nd quarter valued at $36,000. Finally, Kilter Group LLC purchased a new position in shares of Lockheed Martin in the 2nd quarter valued at $40,000. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Trading Up 0.8%

NYSE:LMT opened at $473.70 on Friday. The stock has a market cap of $109.61 billion, a price-to-earnings ratio of 26.45, a price-to-earnings-growth ratio of 1.43 and a beta of 0.24. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $516.00. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.97 and a current ratio of 1.13. The business’s 50-day simple moving average is $472.58 and its 200 day simple moving average is $465.58.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.33 by $0.62. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.The company had revenue of $18.61 billion for the quarter, compared to the consensus estimate of $18.45 billion. During the same period in the previous year, the business earned $6.84 EPS. Lockheed Martin’s revenue for the quarter 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. As a group, sell-side analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be paid a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.9%. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. The ex-dividend date is Monday, December 1st. Lockheed Martin’s payout ratio is presently 77.05%.

Insider Transactions at Lockheed Martin

In other Lockheed Martin news, COO John Frank A. St sold 7,792 shares of the stock in a transaction 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 transaction, the chief operating officer directly owned 1 shares in the company, valued at $491.04. This represents a 99.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.14% of the stock is owned by corporate insiders.

Lockheed Martin News Summary

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

• Positive Sentiment: Lockheed won a Space Development Agency contract for 18 missile?tracking satellites (Tranche 3 Tracking Layer) with potential value >$1B — adds near?term funded backlog, strengthens Lockheed’s space/missile?defense revenue visibility. Lockheed Martin secures Tracking Layer contract from Space Development Agency
• Positive Sentiment: Skunk Works integrated XTEND’s OS into its MDCX autonomy platform to expand joint all?domain C2 for multi?class drones — a technology/competitive win that could support future program awards. Skunk Works® and XTEND Expand Joint All Domain Command and Control for Advanced Mission Execution
• Positive Sentiment: Rune Technologies joined Lockheed’s team on a $30M Army prototype for Next Generation Command & Control (NGC2), bolstering Lockheed’s position on a data?centric Army effort. Rune Technologies Joins Lockheed Martin Team for Army’s Next Generation Command and Control Initiative
• Neutral Sentiment: Lockheed executed pension buy?out conversions, transferring pension obligations to insurers — this reduces long?term liabilities and volatility, though accounting and cash impacts are largely one?time. Lockheed Martin Transfers Pension Obligations to Insurers
• Negative Sentiment: JPMorgan downgraded LMT to Neutral (from Overweight) — the move weighs on sentiment despite a higher $515 price target, signaling reduced conviction in near?term upside. Lockheed Martin downgraded to neutral from overweight at JPMorgan
• Negative Sentiment: Morgan Stanley downgraded LMT to Hold — another analyst cut that can add selling pressure and reduce near?term momentum. Lockheed Martin (LMT) was downgraded to a Hold Rating at Morgan Stanley
• Negative Sentiment: Zacks trimmed several near?term EPS estimates (Q4/Q1 and FY revisions), and a Zacks?driven Q1 EPS reduction was reported — small downward revisions that can temper consensus growth expectations. Lockheed Martin Q1 EPS Estimate Reduced by Zacks Research
• Negative Sentiment: Technical/flow pressure noted in market commentary and an Options Corner video highlights LMT lagging after analyst downgrades — indicative of increased short?term selling interest. Options Corner: LMT Lags After Downgrade

Analyst Ratings Changes

A number of analysts recently weighed in on LMT shares. Alembic Global Advisors raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a research report on Thursday, August 28th. Truist Financial upped their target price on Lockheed Martin from $440.00 to $500.00 and gave the stock a “hold” rating in a research report on Wednesday, October 15th. Wall Street Zen lowered Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 13th. Deutsche Bank Aktiengesellschaft reduced their price target on Lockheed Martin from $517.00 to $492.00 and set a “hold” rating on the stock in a research report on Wednesday, December 10th. Finally, BNP Paribas Exane initiated coverage on shares of Lockheed Martin in a research report on Tuesday, November 18th. They issued an “outperform” rating and a $550.00 price objective for the company. Two investment 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $506.67.

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.