Lockheed Martin Corporation $LMT Stake Boosted by Foster Victor Wealth Advisors LLC

Foster Victor Wealth Advisors LLC increased its stake in Lockheed Martin Corporation (NYSE:LMT) by 5.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 35,024 shares of the aerospace company’s stock after acquiring an additional 1,735 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in Lockheed Martin were worth $19,201,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. bought a new stake in Lockheed Martin during the 2nd quarter valued at approximately $9,617,574,000. Corient Private Wealth LP bought a new position in shares of Lockheed Martin in the 2nd quarter worth approximately $101,960,000. Bank of New York Mellon Corp bought a new position in shares of Lockheed Martin in the 2nd quarter worth approximately $645,258,000. Legal & General Group Plc bought a new position in shares of Lockheed Martin in the 2nd quarter worth approximately $497,469,000. Finally, Diamant Asset Management Inc. lifted its stake in shares of Lockheed Martin by 60,339.0% in the 1st quarter. Diamant Asset Management Inc. now owns 879,387 shares of the aerospace company’s stock valued at $531,493,000 after purchasing an additional 877,932 shares during the period. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Trading Up 0.6%

NYSE:LMT opened at $551.76 on Thursday. The firm has a market capitalization of $127.34 billion, a P/E ratio of 20.34, a PEG ratio of 1.18 and a beta of 0.09. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.19 and a quick ratio of 1.01. Lockheed Martin Corporation has a one year low of $437.25 and a one year high of $692.00. The company’s 50-day simple moving average is $538.78 and its 200 day simple moving average is $542.10.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share for the quarter, beating analysts’ consensus estimates of $7.22 by $0.72. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The business had revenue of $20.06 billion during the quarter, compared to the consensus estimate of $19.34 billion. During the same quarter last year, the firm earned $1.46 earnings per share. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. As a group, analysts forecast that Lockheed Martin Corporation will post 30.43 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 1st will be given a $3.60 dividend. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $14.40 dividend on an annualized basis and a dividend yield of 2.6%. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.45. Lockheed Martin’s payout ratio is presently 50.87%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. TD Cowen dropped their price target on Lockheed Martin from $600.00 to $570.00 and set a “hold” rating on the stock in a research report on Friday, October 9th. Morgan Stanley upped their price target on Lockheed Martin from $653.00 to $690.00 and gave the stock an “equal weight” rating in a research note on Friday, July 24th. Wells Fargo & Company set a $600.00 price objective on Lockheed Martin in a report on Monday, July 27th. Weiss Ratings upgraded Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 9th. Finally, Rothschild & Co Redburn initiated coverage on Lockheed Martin in a research report on Tuesday, October 6th. They set a “buy” rating and a $650.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Lockheed Martin presently has a consensus rating of “Moderate Buy” and an average price target of $627.10.

Key Headlines Impacting Lockheed Martin

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

• Positive Sentiment: Lockheed’s role in missile-defense expansion was highlighted by a seven-year, $218 million agreement with Karman Space & Defense to supply THAAD missile shrouds. The contract supports production visibility across Lockheed’s supply chain and underscores sustained Pentagon demand for interceptors. Intercepting Growth: Karman Secures $218M Lockheed Martin Deal
• Positive Sentiment: Lockheed is also expanding munitions manufacturing capacity with Hadrian, potentially helping address constrained production and replenish allied inventories. The broader defense sector is benefiting from increased government spending and multiyear procurement programs. Inside the Lockheed-Hadrian deal promising more munitions
• Positive Sentiment: Analysts expect quarterly earnings of approximately $7.52 per share on $20.46 billion in revenue. Investors are looking for another strong result, backlog commentary and confirmation of full-year guidance after Lockheed previously reported substantial earnings and revenue growth. Lockheed Martin Q3 Preview
• Neutral Sentiment: Lockheed’s free-cash-flow yield and dividend profile may attract income-oriented investors, particularly as the shares trade well below their highs. However, the market appears to be weighing that cash generation against concerns that growth could moderate. Why Is Everyone Ignoring Lockheed Martin Stock’s High Cash Yield?
• Negative Sentiment: Key risks include political uncertainty around defense budgets, rising competition and the possibility that a record backlog will take longer to convert into profitable cash flow. These concerns have contributed to LMT’s pullback from its 52-week high. Lockheed Martin stock flashes a risky pattern

Lockheed Martin Company 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.