Aspire Growth Partners LLC Buys 117 Shares of Lockheed Martin Corporation $LMT

Aspire Growth Partners LLC boosted its stake in Lockheed Martin Corporation (NYSE:LMT) by 4.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,485 shares of the aerospace company’s stock after purchasing an additional 117 shares during the quarter. Lockheed Martin comprises 0.9% of Aspire Growth Partners LLC’s investment portfolio, making the stock its 23rd biggest position. Aspire Growth Partners LLC’s holdings in Lockheed Martin were worth $1,151,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC increased its stake in Lockheed Martin by 5.0% in the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock valued at $1,941,000 after acquiring an additional 191 shares during the last quarter. Federated Hermes Inc. boosted its holdings in shares of Lockheed Martin by 252.8% in the 1st quarter. Federated Hermes Inc. now owns 36,080 shares of the aerospace company’s stock valued at $16,117,000 after purchasing an additional 25,853 shares in the last quarter. Eastern Bank boosted its holdings in shares of Lockheed Martin by 4.3% in the 1st quarter. Eastern Bank now owns 1,379 shares of the aerospace company’s stock valued at $616,000 after purchasing an additional 57 shares in the last quarter. Natixis Advisors LLC increased its stake in shares of Lockheed Martin by 16.8% in the 1st quarter. Natixis Advisors LLC now owns 113,440 shares of the aerospace company’s stock valued at $50,675,000 after purchasing an additional 16,297 shares during the last quarter. Finally, Davis R M Inc. raised its holdings in shares of Lockheed Martin by 10.1% during the 1st quarter. Davis R M Inc. now owns 1,174 shares of the aerospace company’s stock worth $524,000 after buying an additional 108 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Trading Up 0.7%

Shares of NYSE LMT opened at $457.44 on Friday. The firm has a 50 day moving average price of $482.77 and a two-hundred day moving average price of $466.27. The stock has a market cap of $105.85 billion, a P/E ratio of 25.54, a price-to-earnings-growth ratio of 1.69 and a beta of 0.25. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $529.48. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.97 and a current ratio of 1.13.

Lockheed Martin (NYSE:LMT) last issued its quarterly 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. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The company had revenue of $18.61 billion for the quarter, compared to analyst estimates of $18.45 billion. During the same quarter in the previous year, the business earned $6.84 earnings per share. Lockheed Martin’s revenue was up 8.8% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. As a group, equities analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Increases Dividend

The business 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 3.0%. Lockheed Martin’s payout ratio is currently 77.05%.

Insider Buying and Selling at Lockheed Martin

In other news, COO John Frank A. St sold 7,792 shares of the firm’s stock in a transaction dated 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 transaction, the chief operating officer directly owned 1 shares in the company, valued at $491.04. This trade represents a 99.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on LMT shares. Royal Bank Of Canada raised their price objective on Lockheed Martin from $440.00 to $525.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 7th. BNP Paribas Exane started coverage on shares of Lockheed Martin in a report on Tuesday, November 18th. They issued an “outperform” rating and a $550.00 target price for the company. Deutsche Bank Aktiengesellschaft set a $519.00 price target on shares of Lockheed Martin and gave the company a “hold” rating in a report on Wednesday, October 8th. Alembic Global Advisors upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a research report on Thursday, August 28th. Finally, Truist Financial increased their price objective on shares of Lockheed Martin from $440.00 to $500.00 and gave the company a “hold” rating in a research note on Wednesday, October 15th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Lockheed Martin currently has an average rating of “Hold” and a consensus price target of $515.50.

Lockheed Martin 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.