Caxton Associates LLP Buys 3,360 Shares of Lockheed Martin Corporation $LMT

Caxton Associates LLP increased its stake in Lockheed Martin Corporation (NYSE:LMT) by 40.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,571 shares of the aerospace company’s stock after purchasing an additional 3,360 shares during the quarter. Caxton Associates LLP’s holdings in Lockheed Martin were worth $5,359,000 at the end of the most recent quarter.

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

Lockheed Martin Trading Up 1.1%

Shares of LMT stock opened at $480.03 on Friday. The business has a 50-day moving average price of $476.03 and a two-hundred day moving average price of $465.61. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $516.00. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 3.32. The firm has a market cap of $111.08 billion, a P/E ratio of 26.80, a price-to-earnings-growth ratio of 1.39 and a beta of 0.24.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, beating the consensus estimate of $6.33 by $0.62. The firm had revenue of $18.61 billion for the quarter, compared to analyst estimates of $18.45 billion. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.The company’s revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the company earned $6.84 EPS. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. Equities analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st will be issued a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Monday, December 1st. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s dividend payout ratio (DPR) is presently 77.05%.

Insider Activity at Lockheed Martin

In related 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 transaction of $3,826,183.68. Following the transaction, the chief operating officer owned 1 shares of the company’s stock, valued at approximately $491.04. This trade represents a 99.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on LMT shares. Alembic Global Advisors raised shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a report on Thursday, August 28th. Susquehanna increased their price objective on Lockheed Martin from $490.00 to $590.00 and gave the stock a “positive” rating in a research report on Thursday, October 9th. Wall Street Zen lowered Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Saturday. 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, Weiss Ratings reissued a “hold (c)” rating on shares of Lockheed Martin in a report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $508.72.

Lockheed Martin Company 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.