Lockheed Martin Corporation $LMT Stake Boosted by Capital Asset Advisory Services LLC

Capital Asset Advisory Services LLC increased its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 385.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,937 shares of the aerospace company’s stock after purchasing an additional 3,919 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in Lockheed Martin were worth $2,464,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Empowered Funds LLC grew its position in shares of Lockheed Martin by 21.2% in the 1st quarter. Empowered Funds LLC now owns 40,380 shares of the aerospace company’s stock valued at $18,038,000 after purchasing an additional 7,052 shares during the period. Laffer Tengler Investments Inc. boosted its stake in Lockheed Martin by 482.6% in the 2nd quarter. Laffer Tengler Investments Inc. now owns 6,979 shares of the aerospace company’s stock worth $3,232,000 after purchasing an additional 5,781 shares during the period. Modera Wealth Management LLC increased its holdings in Lockheed Martin by 3.1% during the 2nd quarter. Modera Wealth Management LLC now owns 32,333 shares of the aerospace company’s stock worth $14,975,000 after purchasing an additional 971 shares in the last quarter. Founders Capital Management raised its stake in shares of Lockheed Martin by 46.9% in the 2nd quarter. Founders Capital Management now owns 14,568 shares of the aerospace company’s stock valued at $6,747,000 after purchasing an additional 4,648 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its holdings in shares of Lockheed Martin by 10.5% in the second quarter. Steward Partners Investment Advisory LLC now owns 49,092 shares of the aerospace company’s stock valued at $22,737,000 after purchasing an additional 4,672 shares in the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on LMT shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Lockheed Martin in a report on Wednesday, October 8th. Truist Financial lifted their price objective on shares of Lockheed Martin from $440.00 to $500.00 and gave the company a “hold” rating in a report on Wednesday, October 15th. Bank of America decreased their price objective on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a report on Thursday, August 21st. Citigroup began coverage on Lockheed Martin in a report on Thursday. They set a “neutral” rating and a $505.00 target price on the stock. Finally, Royal Bank Of Canada increased their price target on Lockheed Martin from $440.00 to $525.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Lockheed Martin presently has an average rating of “Hold” and a consensus price target of $508.72.

Lockheed Martin Stock Performance

NYSE LMT opened at $484.32 on Tuesday. The stock has a market cap of $112.07 billion, a PE ratio of 27.04, a P/E/G ratio of 1.45 and a beta of 0.24. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.97 and a current ratio of 1.13. The firm has a 50-day moving average of $475.43 and a 200-day moving average of $465.65. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $516.00.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share 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 analysts’ expectations of $18.45 billion. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The business’s revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the firm earned $6.84 EPS. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. On average, sell-side analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be paid a $3.45 dividend. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. The ex-dividend date is Monday, December 1st. This represents a $13.80 annualized dividend and a yield of 2.8%. Lockheed Martin’s dividend payout ratio is presently 77.05%.

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.