Lockheed Martin Corporation $LMT Stock Holdings Increased by National Pension Service

National Pension Service boosted its holdings in Lockheed Martin Corporation (NYSE:LMT) by 1.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 473,170 shares of the aerospace company’s stock after buying an additional 6,661 shares during the quarter. National Pension Service owned 0.20% of Lockheed Martin worth $219,144,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of LMT. Brighton Jones LLC lifted its stake in Lockheed Martin by 5.0% during the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock valued at $1,941,000 after buying an additional 191 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in shares of Lockheed Martin by 167.8% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 2,065 shares of the aerospace company’s stock valued at $917,000 after acquiring an additional 1,294 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Lockheed Martin by 193.5% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,849 shares of the aerospace company’s stock valued at $2,166,000 after acquiring an additional 3,197 shares in the last quarter. Whittier Trust Co. lifted its position in shares of Lockheed Martin by 1.8% in the 1st quarter. Whittier Trust Co. now owns 7,082 shares of the aerospace company’s stock valued at $3,164,000 after acquiring an additional 126 shares in the last quarter. Finally, Larson Financial Group LLC boosted its stake in Lockheed Martin by 138.5% in the 1st quarter. Larson Financial Group LLC now owns 1,820 shares of the aerospace company’s stock worth $813,000 after purchasing an additional 1,057 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Trading Up 0.0%

Shares of LMT stock opened at $457.14 on Thursday. The business’s 50 day moving average is $484.17 and its two-hundred day moving average is $467.26. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 3.32. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $565.00. The company has a market cap of $105.78 billion, a PE ratio of 25.52, a price-to-earnings-growth ratio of 1.69 and a beta of 0.25.

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. The business had revenue of $18.61 billion during the quarter, compared to the consensus estimate of $18.45 billion. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. Lockheed Martin’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.84 EPS. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. Equities analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Increases Dividend

The firm 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 boost 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 3.0%. Lockheed Martin’s dividend payout ratio is presently 77.05%.

Analyst Ratings Changes

Several brokerages have issued reports on LMT. JPMorgan Chase & Co. cut their target price on shares of Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 23rd. Sanford C. Bernstein increased their price objective on Lockheed Martin from $497.00 to $545.00 and gave the stock a “market perform” rating in a research note on Monday, October 20th. Vertical Research reaffirmed a “hold” rating and set a $460.00 target price on shares of Lockheed Martin in a research note on Tuesday, July 22nd. Bank of America dropped their target price on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating on the stock in a report on Thursday, August 21st. Finally, Morgan Stanley raised their price target on shares of Lockheed Martin from $530.00 to $630.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $513.47.

Insider Buying and Selling at Lockheed Martin

In related news, COO John Frank A. St sold 7,792 shares of the 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 sale, the chief operating officer owned 1 shares in the company, valued at $491.04. This represents a 99.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate 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.