Financial Consulate Inc. Makes New Investment in Lockheed Martin Corporation $LMT

Financial Consulate Inc. bought a new position in Lockheed Martin Corporation (NYSE:LMT) in the 3rd quarter, according to its most recent disclosure with the SEC. The firm bought 3,431 shares of the aerospace company’s stock, valued at approximately $1,713,000.

A number of other large investors have also recently modified their holdings of the stock. Salomon & Ludwin LLC raised its stake in Lockheed Martin by 126.5% in the third quarter. Salomon & Ludwin LLC now owns 188 shares of the aerospace company’s stock worth $95,000 after buying an additional 105 shares in the last quarter. Reston Wealth Management LLC grew its holdings in shares of Lockheed Martin by 19.0% during the 3rd quarter. Reston Wealth Management LLC now owns 640 shares of the aerospace company’s stock worth $320,000 after acquiring an additional 102 shares during the period. McElhenny Sheffield Capital Management LLC raised its position in shares of Lockheed Martin by 1.6% in the 3rd quarter. McElhenny Sheffield Capital Management LLC now owns 1,618 shares of the aerospace company’s stock worth $808,000 after acquiring an additional 26 shares in the last quarter. Cantor Fitzgerald Investment Advisors L.P. raised its position in shares of Lockheed Martin by 59.3% in the 3rd quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 27,215 shares of the aerospace company’s stock worth $13,586,000 after acquiring an additional 10,133 shares in the last quarter. Finally, Mather Group LLC. lifted its stake in shares of Lockheed Martin by 10.4% in the 3rd quarter. Mather Group LLC. now owns 4,973 shares of the aerospace company’s stock valued at $2,483,000 after purchasing an additional 468 shares during the period. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Shares of LMT opened at $483.70 on Friday. The company has a market cap of $111.93 billion, a price-to-earnings ratio of 27.01, a P/E/G ratio of 1.46 and a beta of 0.24. The business’s fifty day simple moving average is $470.57 and its two-hundred day simple moving average is $466.18. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $516.00. 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 posted its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share for the quarter, topping the consensus estimate of $6.33 by $0.62. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.The firm had revenue of $18.61 billion during the quarter, compared to analysts’ expectations of $18.45 billion. During the same quarter in the previous year, the business earned $6.84 earnings per share. The company’s revenue was up 8.8% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. Research analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st were issued a dividend of $3.45 per share. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, December 1st. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s payout ratio is 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 that occurred on Thursday, October 23rd. The shares were sold at an average price of $491.04, for a total value of $3,826,183.68. Following the completion of the sale, the chief operating officer directly owned 1 shares in the company, valued at $491.04. The trade was a 99.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.14% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

LMT has been the topic of several recent research reports. Royal Bank Of Canada upped their price target on Lockheed Martin from $440.00 to $525.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 7th. UBS Group lowered their target price on shares of Lockheed Martin from $514.00 to $513.00 and set a “neutral” rating for the company in a report on Wednesday, October 22nd. Morgan Stanley restated an “equal weight” rating and issued a $543.00 price target (down previously from $630.00) on shares of Lockheed Martin in a research note on Tuesday, December 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lockheed Martin in a research report on Wednesday, October 8th. Finally, Robert W. Baird boosted their target price on Lockheed Martin from $500.00 to $550.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. Two investment 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 issued a Sell rating to the company. According to data from MarketBeat.com, Lockheed Martin presently has an average rating of “Hold” and an average price target of $506.67.

About Lockheed Martin

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.