Secure Asset Management LLC Sells 2,820 Shares of Lockheed Martin Corporation $LMT

Secure Asset Management LLC lessened its holdings in Lockheed Martin Corporation (NYSE:LMT) by 84.0% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 536 shares of the aerospace company’s stock after selling 2,820 shares during the period. Secure Asset Management LLC’s holdings in Lockheed Martin were worth $267,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Mid American Wealth Advisory Group Inc. bought a new stake in Lockheed Martin during the 2nd quarter valued at approximately $28,000. Twin Peaks Wealth Advisors LLC purchased a new stake in Lockheed Martin during the 2nd quarter valued at approximately $29,000. Frazier Financial Advisors LLC bought a new stake in shares of Lockheed Martin during the second quarter valued at approximately $34,000. MTM Investment Management LLC purchased a new position in shares of Lockheed Martin in the second quarter worth $36,000. Finally, Kilter Group LLC bought a new position in shares of Lockheed Martin during the second quarter worth $40,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Trading Up 0.8%

Shares of LMT stock opened at $473.70 on Friday. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year 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’s 50 day simple moving average is $472.58 and its two-hundred day simple moving average is $465.58. The company has a market cap of $109.61 billion, a PE ratio of 26.45, a price-to-earnings-growth ratio of 1.43 and a beta of 0.24.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, October 21st. The aerospace company reported $6.95 EPS 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 analysts’ expectations of $18.45 billion. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.The company’s quarterly 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. Research analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be paid a dividend of $3.45 per share. 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 yield of 2.9%. Lockheed Martin’s payout ratio is presently 77.05%.

Insiders Place Their Bets

In other news, COO John Frank A. St sold 7,792 shares of the stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $491.04, for a total value of $3,826,183.68. Following the sale, the chief operating officer owned 1 shares of the company’s stock, valued at approximately $491.04. This represents a 99.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.14% of the stock is owned by company insiders.

Analysts Set New Price Targets

LMT has been the topic of a number of research reports. Robert W. Baird lifted their price target on shares of Lockheed Martin from $500.00 to $550.00 and gave the company an “outperform” rating in a report on Monday, October 6th. Alembic Global Advisors raised Lockheed Martin from a “neutral” rating to an “overweight” rating in a report on Thursday, August 28th. UBS Group dropped their price target on Lockheed Martin from $514.00 to $513.00 and set a “neutral” rating for the company in a research note on Wednesday, October 22nd. Sanford C. Bernstein raised their price target on Lockheed Martin from $497.00 to $545.00 and gave the company a “market perform” rating in a report on Monday, October 20th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Lockheed Martin from $517.00 to $492.00 and set a “hold” rating on the stock in a report on Wednesday, December 10th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, eighteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $506.67.

Key Lockheed Martin News

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

• Positive Sentiment: Lockheed won a Space Development Agency contract for 18 missile?tracking satellites (Tranche 3 Tracking Layer) with potential value >$1B — adds near?term funded backlog, strengthens Lockheed’s space/missile?defense revenue visibility. Lockheed Martin secures Tracking Layer contract from Space Development Agency
• Positive Sentiment: Skunk Works integrated XTEND’s OS into its MDCX autonomy platform to expand joint all?domain C2 for multi?class drones — a technology/competitive win that could support future program awards. Skunk Works® and XTEND Expand Joint All Domain Command and Control for Advanced Mission Execution
• Positive Sentiment: Rune Technologies joined Lockheed’s team on a $30M Army prototype for Next Generation Command & Control (NGC2), bolstering Lockheed’s position on a data?centric Army effort. Rune Technologies Joins Lockheed Martin Team for Army’s Next Generation Command and Control Initiative
• Neutral Sentiment: Lockheed executed pension buy?out conversions, transferring pension obligations to insurers — this reduces long?term liabilities and volatility, though accounting and cash impacts are largely one?time. Lockheed Martin Transfers Pension Obligations to Insurers
• Negative Sentiment: JPMorgan downgraded LMT to Neutral (from Overweight) — the move weighs on sentiment despite a higher $515 price target, signaling reduced conviction in near?term upside. Lockheed Martin downgraded to neutral from overweight at JPMorgan
• Negative Sentiment: Morgan Stanley downgraded LMT to Hold — another analyst cut that can add selling pressure and reduce near?term momentum. Lockheed Martin (LMT) was downgraded to a Hold Rating at Morgan Stanley
• Negative Sentiment: Zacks trimmed several near?term EPS estimates (Q4/Q1 and FY revisions), and a Zacks?driven Q1 EPS reduction was reported — small downward revisions that can temper consensus growth expectations. Lockheed Martin Q1 EPS Estimate Reduced by Zacks Research
• Negative Sentiment: Technical/flow pressure noted in market commentary and an Options Corner video highlights LMT lagging after analyst downgrades — indicative of increased short?term selling interest. Options Corner: LMT Lags After Downgrade

Lockheed Martin Profile

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.