Lockheed Martin Corporation $LMT Stock Sold by Vise Technologies Inc.

Vise Technologies Inc. lowered its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 12.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 16,475 shares of the aerospace company’s stock after selling 2,318 shares during the quarter. Vise Technologies Inc.’s holdings in Lockheed Martin were worth $8,390,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LMT. Burnham & Co LLC purchased a new stake in shares of Lockheed Martin during the second quarter valued at approximately $25,000. Field & Main Bank purchased a new position in Lockheed Martin in the second quarter worth $26,000. Kelleher Financial Advisors purchased a new position in Lockheed Martin in the second quarter worth $29,000. Highland Investment Advisors LLC bought a new position in Lockheed Martin in the 2nd quarter valued at $29,000. Finally, IAG Wealth Partners LLC grew its stake in Lockheed Martin by 4,800.0% in the 1st quarter. IAG Wealth Partners LLC now owns 49 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 48 shares during the period. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on LMT shares. Morgan Stanley raised their target price on Lockheed Martin from $653.00 to $690.00 and gave the company an “equal weight” rating in a research report on Friday, July 24th. Royal Bank Of Canada boosted their price target on shares of Lockheed Martin from $550.00 to $600.00 and gave the stock a “sector perform” rating in a report on Friday, October 23rd. Weiss Ratings upgraded shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 9th. UBS Group raised their price objective on shares of Lockheed Martin from $653.00 to $692.00 and gave the stock a “buy” rating in a report on Friday, October 23rd. Finally, Bank of America restated a “neutral” rating and set a $620.00 price objective on shares of Lockheed Martin in a report on Monday, October 26th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Lockheed Martin currently has a consensus rating of “Moderate Buy” and an average price target of $638.05.

Lockheed Martin Price Performance

NYSE LMT opened at $637.60 on Monday. The company has a market cap of $147.29 billion, a PE ratio of 22.65, a price-to-earnings-growth ratio of 1.35 and a beta of 0.09. Lockheed Martin Corporation has a 52 week low of $437.25 and a 52 week high of $692.00. The company has a quick ratio of 1.10, a current ratio of 1.26 and a debt-to-equity ratio of 2.04. The firm’s 50-day simple moving average is $544.17 and its two-hundred day simple moving average is $568.87.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Thursday, October 22nd. The aerospace company reported $7.97 earnings per share for the quarter, topping analysts’ consensus estimates of $7.52 by $0.45. The firm had revenue of $20.71 billion during the quarter, compared to analyst estimates of $20.48 billion. Lockheed Martin had a net margin of 8.23% and a return on equity of 83.41%. The company’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the business earned $6.95 earnings per share. Research analysts predict that Lockheed Martin Corporation will post 30.66 earnings per share for the current year.

Lockheed Martin Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Investors of record on Tuesday, December 1st will be paid a dividend of $3.60 per share. This represents a $14.40 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, December 1st. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.45. Lockheed Martin’s dividend payout ratio is currently 51.15%.

Trending Headlines about Lockheed Martin

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

• Positive Sentiment: The U.S. State Department approved a possible $2.1 billion Patriot missile package for Ukraine, naming Lockheed Martin as the principal contractor. The package includes 500 PAC-3 MSE interceptors, spare parts, logistics and support, and will be financed by allied and Ukrainian funds rather than direct U.S. funding. The sale could add to LMT’s missile backlog, although no delivery schedule was provided. U.S. approves $2.1 billion Patriot missile sale to Ukraine
• Positive Sentiment: Recent coverage highlights Lockheed Martin’s record $292 billion backlog, continued F-35 production at 156 aircraft annually and a 10-year F-35 agreement with the Pentagon. These developments improve long-term revenue visibility and support the case for sustained military demand. Lockheed Martin long-term investor takeaways
• Positive Sentiment: Analysts and investors are also encouraged by potentially better Department of Defense contract terms, with higher-margin Missiles and Fire Control activities expected to improve profitability and reduce development and execution risk. Lockheed Martin backlog analysis
• Neutral Sentiment: Analysts remain divided on LMT versus faster-growing defense companies such as Kratos Defense. While the backlog and F-35 progress are favorable, valuation, cash generation and uncertainty over future U.S. defense budgets remain key considerations. Kratos Defense versus Lockheed Martin analysis
• Negative Sentiment: After a roughly 27% October rally, some investors may be taking profits. Coverage also flags gradually weakening margins and warns that management’s January update on profitability and execution could determine whether the recent advance is sustainable. Lockheed Martin October rally analysis

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.