Caldwell Trust Co Invests $2.91 Million in Lockheed Martin Corporation $LMT

Caldwell Trust Co bought a new stake in shares of Lockheed Martin Corporation (NYSE:LMT) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,275 shares of the aerospace company’s stock, valued at approximately $2,906,000.

Other large investors also recently modified their holdings of the company. Tyler Stone Wealth Management increased its position in shares of Lockheed Martin by 3.3% during the 1st quarter. Tyler Stone Wealth Management now owns 684 shares of the aerospace company’s stock valued at $306,000 after purchasing an additional 22 shares during the last quarter. Investment Advisory Services Inc. TX ADV lifted its holdings in Lockheed Martin by 4.7% in the 2nd quarter. Investment Advisory Services Inc. TX ADV now owns 486 shares of the aerospace company’s stock worth $225,000 after purchasing an additional 22 shares in the last quarter. Broadway Wealth Solutions Inc. boosted its position in shares of Lockheed Martin by 4.5% during the second quarter. Broadway Wealth Solutions Inc. now owns 511 shares of the aerospace company’s stock worth $237,000 after acquiring an additional 22 shares during the last quarter. Davis Investment Partners LLC grew its position in shares of Lockheed Martin by 2.0% during the second quarter. Davis Investment Partners LLC now owns 1,168 shares of the aerospace company’s stock valued at $544,000 after purchasing an additional 23 shares in the last quarter. Finally, Aaron Wealth Advisors LLC increased its stake in Lockheed Martin by 1.1% in the 2nd quarter. Aaron Wealth Advisors LLC now owns 2,125 shares of the aerospace company’s stock worth $984,000 after acquiring an additional 23 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Up 1.1%

LMT stock opened at $480.03 on Monday. 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 Corporation has a one year low of $410.11 and a one year high of $516.00. The firm’s fifty day moving average is $476.03 and its 200 day moving average is $465.58. The firm has a market cap of $111.08 billion, a PE ratio of 26.80, a P/E/G ratio of 1.45 and a beta of 0.24.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.33 by $0.62. The company had revenue of $18.61 billion for the quarter, compared to the consensus estimate of $18.45 billion. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.Lockheed Martin’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the business 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 EPS for the current year.

Lockheed Martin Increases Dividend

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on LMT shares. Truist Financial lifted their target price on Lockheed Martin from $440.00 to $500.00 and gave the stock a “hold” rating in a report on Wednesday, October 15th. Royal Bank Of Canada raised their price objective on Lockheed Martin from $440.00 to $525.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 7th. Morgan Stanley upped their price target on shares of Lockheed Martin from $530.00 to $630.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 15th. BNP Paribas upgraded Lockheed Martin to a “strong-buy” rating in a research note on Tuesday, November 18th. Finally, Alembic Global Advisors raised Lockheed Martin from a “neutral” rating to an “overweight” rating in a research report on Thursday, August 28th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $508.72.

Insider Transactions at Lockheed Martin

In other news, COO John Frank A. St sold 7,792 shares of the company’s 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 completion of the sale, the chief operating officer owned 1 shares of the company’s stock, valued at $491.04. This represents a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.14% of the stock is currently owned by company insiders.

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.