Lockheed Martin Corporation $LMT Shares Bought by VeraBank N.A.

VeraBank N.A. lifted its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 25.5% during the second quarter, Holdings Channel reports. The firm owned 753 shares of the aerospace company’s stock after buying an additional 153 shares during the period. VeraBank N.A.’s holdings in Lockheed Martin were worth $349,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of LMT. Tyler Stone Wealth Management raised its stake in Lockheed Martin by 3.3% during the 1st quarter. Tyler Stone Wealth Management now owns 684 shares of the aerospace company’s stock valued at $306,000 after acquiring an additional 22 shares in the last quarter. Investment Advisory Services Inc. TX ADV boosted its position in shares of Lockheed Martin by 4.7% during the 2nd quarter. Investment Advisory Services Inc. TX ADV now owns 486 shares of the aerospace company’s stock valued at $225,000 after purchasing an additional 22 shares in the last quarter. Broadway Wealth Solutions Inc. grew its position in Lockheed Martin by 4.5% in the second quarter. Broadway Wealth Solutions Inc. now owns 511 shares of the aerospace company’s stock worth $237,000 after buying an additional 22 shares during the last quarter. Gilbert & Cook Inc. grew its holdings in shares of Lockheed Martin by 2.0% in the 1st quarter. Gilbert & Cook Inc. now owns 1,198 shares of the aerospace company’s stock worth $535,000 after acquiring an additional 23 shares during the last quarter. Finally, Davis Investment Partners LLC raised its holdings in shares of Lockheed Martin by 2.0% during the second quarter. Davis Investment Partners LLC now owns 1,168 shares of the aerospace company’s stock valued at $544,000 after acquiring an additional 23 shares during the period. 74.19% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

LMT has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reduced their price target on shares of Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating for the company in a research report on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft set a $519.00 price target on Lockheed Martin and gave the company a “hold” rating in a research note on Wednesday, October 8th. The Goldman Sachs Group raised their price objective on shares of Lockheed Martin from $398.00 to $425.00 and gave the company a “sell” rating in a research report on Friday, October 10th. Susquehanna boosted their target price on shares of Lockheed Martin from $490.00 to $590.00 and gave the stock a “positive” rating in a research report on Thursday, October 9th. Finally, Royal Bank Of Canada increased their price target on shares of Lockheed Martin from $440.00 to $525.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $513.47.

Insider Activity at Lockheed Martin

In other news, COO John Frank A. St sold 7,792 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief operating officer directly owned 1 shares in the company, valued at $491.04. The trade was a 99.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is currently owned by company insiders.

Lockheed Martin Stock Performance

NYSE:LMT opened at $457.02 on Wednesday. The firm has a market capitalization of $105.75 billion, a PE ratio of 25.52, a PEG ratio of 1.69 and a beta of 0.25. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $576.43. 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 firm’s fifty day simple moving average is $484.01 and its 200 day simple moving average is $467.33.

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

Lockheed Martin Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be issued a $3.45 dividend. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.30. The ex-dividend date of this dividend is Monday, December 1st. This represents a $13.80 dividend on an annualized basis and a yield of 3.0%. Lockheed Martin’s payout ratio is 77.05%.

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.