Baltimore Washington Financial Advisors Inc. Purchases 149 Shares of Lockheed Martin Corporation $LMT

Baltimore Washington Financial Advisors Inc. raised its position in Lockheed Martin Corporation (NYSE:LMT) by 31.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 628 shares of the aerospace company’s stock after purchasing an additional 149 shares during the quarter. Baltimore Washington Financial Advisors Inc.’s holdings in Lockheed Martin were worth $291,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in Lockheed Martin by 5.0% during the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock worth $1,941,000 after purchasing an additional 191 shares during the last quarter. Meeder Advisory Services Inc. increased its stake in Lockheed Martin by 7.1% in the 1st quarter. Meeder Advisory Services Inc. now owns 5,348 shares of the aerospace company’s stock valued at $2,389,000 after buying an additional 354 shares during the last quarter. Meeder Asset Management Inc. lifted its position in Lockheed Martin by 20.8% during the 1st quarter. Meeder Asset Management Inc. now owns 406 shares of the aerospace company’s stock worth $181,000 after buying an additional 70 shares in the last quarter. Federated Hermes Inc. boosted its stake in shares of Lockheed Martin by 252.8% during the 1st quarter. Federated Hermes Inc. now owns 36,080 shares of the aerospace company’s stock worth $16,117,000 after buying an additional 25,853 shares during the last quarter. Finally, Vestcor Inc grew its holdings in shares of Lockheed Martin by 11.2% in the 1st quarter. Vestcor Inc now owns 17,036 shares of the aerospace company’s stock valued at $7,610,000 after acquiring an additional 1,720 shares in the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, COO John Frank A. St sold 7,792 shares of the company’s stock in a transaction dated 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 transaction, the chief operating officer owned 1 shares in the company, valued at approximately $491.04. This represents a 99.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on LMT. Weiss Ratings reissued a “hold (c)” rating on shares of Lockheed Martin in a research report on Wednesday, October 8th. Truist Financial upped their price objective on Lockheed Martin from $440.00 to $500.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th. Wall Street Zen raised Lockheed Martin from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 22nd. Bank of America decreased their target price on shares of Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a research note on Thursday, August 21st. Finally, Susquehanna upped their price target on shares of Lockheed Martin from $490.00 to $590.00 and gave the stock a “positive” rating in a research report on Thursday, October 9th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $515.50.

Lockheed Martin Stock Up 0.6%

LMT stock opened at $454.95 on Thursday. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $529.99. The business’s 50 day simple moving average is $483.45 and its 200 day simple moving average is $466.46. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 3.32. The firm has a market capitalization of $105.27 billion, a PE ratio of 25.40, a PEG ratio of 1.69 and a beta of 0.25.

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

Lockheed Martin Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be issued a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a dividend yield of 3.0%. 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. Lockheed Martin’s payout ratio is presently 77.05%.

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.