Public Sector Pension Investment Board Boosts Stake in Lockheed Martin Corporation $LMT

Public Sector Pension Investment Board lifted its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 39.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 150,553 shares of the aerospace company’s stock after acquiring an additional 42,498 shares during the quarter. Public Sector Pension Investment Board owned 0.06% of Lockheed Martin worth $69,727,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

Several research firms have recently weighed in on LMT. Wall Street Zen downgraded shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Bank of America lowered their price objective on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a report on Thursday, August 21st. Susquehanna upped their price objective on Lockheed Martin from $490.00 to $590.00 and gave the company a “positive” rating in a research note on Thursday, October 9th. Alembic Global Advisors upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating in a research report on Thursday, August 28th. Finally, The Goldman Sachs Group boosted their price target on Lockheed Martin from $398.00 to $425.00 and gave the company a “sell” rating in a report on Friday, October 10th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, sixteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $508.72.

Lockheed Martin Price Performance

Shares of LMT opened at $480.03 on Friday. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $516.00. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.13 and a quick ratio of 0.97. The stock has a fifty day moving average price of $476.03 and a 200 day moving average price of $465.61. The company has a market cap of $111.08 billion, a P/E ratio of 26.80, a PEG ratio of 1.39 and a beta of 0.24.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.33 by $0.62. The company 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%. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.84 earnings per share. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. On average, research analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Increases Dividend

The firm also recently declared 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 of this dividend is Monday, December 1st. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. This represents a $13.80 annualized dividend and a dividend yield of 2.9%. Lockheed Martin’s dividend payout ratio (DPR) is currently 77.05%.

Insider Activity at Lockheed Martin

In related news, COO John Frank A. St sold 7,792 shares of Lockheed Martin stock in a transaction dated 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 sale, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.14% of the company’s stock.

About Lockheed Martin

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.