Lockheed Martin Corporation $LMT Shares Acquired by Carnegie Investment Counsel

Carnegie Investment Counsel boosted its stake in Lockheed Martin Corporation (NYSE:LMT) by 11.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,639 shares of the aerospace company’s stock after acquiring an additional 3,031 shares during the period. Carnegie Investment Counsel’s holdings in Lockheed Martin were worth $14,796,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several analysts have recently commented on LMT shares. The Goldman Sachs Group raised their price target on Lockheed Martin from $398.00 to $425.00 and gave the company a “sell” rating in a report on Friday, October 10th. Citigroup began coverage on shares of Lockheed Martin in a research note on Thursday, December 11th. They issued a “neutral” rating and a $505.00 price objective for the company. Truist Financial upped their target price on shares of Lockheed Martin from $440.00 to $500.00 and gave the stock a “hold” rating in a research report on Wednesday, October 15th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Lockheed Martin from $517.00 to $492.00 and set a “hold” rating for the company in a research report on Wednesday, December 10th. Finally, BNP Paribas Exane started coverage on Lockheed Martin in a report on Tuesday, November 18th. They issued an “outperform” rating and a $550.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, eighteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $506.67.

Lockheed Martin Trading Down 0.5%

Shares of LMT stock opened at $483.14 on Friday. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $516.00. The firm has a 50-day moving average price of $471.07 and a 200 day moving average price of $465.80. The company has a market capitalization of $111.80 billion, a price-to-earnings ratio of 26.98, a PEG ratio of 1.46 and a beta of 0.24. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 3.32.

Lockheed Martin (NYSE:LMT) last released its earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.33 by $0.62. The business 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 company’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period last year, the company earned $6.84 earnings per share. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. Research analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

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

Insider Activity at Lockheed Martin

In other news, COO John Frank A. St sold 7,792 shares of Lockheed Martin stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $491.04, for a total value of $3,826,183.68. Following the transaction, the chief operating officer directly owned 1 shares of the company’s stock, valued at $491.04. The trade was a 99.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.14% of the stock is currently owned by company insiders.

Lockheed Martin Company Profile

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.