Buttonwood Financial Advisors Inc. Purchases 1,114 Shares of Lockheed Martin Corporation $LMT

Buttonwood Financial Advisors Inc. boosted its position in Lockheed Martin Corporation (NYSE:LMT) by 44.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,634 shares of the aerospace company’s stock after acquiring an additional 1,114 shares during the period. Buttonwood Financial Advisors Inc.’s holdings in Lockheed Martin were worth $1,814,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of LMT. Old North State Wealth Management LLC grew its stake in shares of Lockheed Martin by 2.0% in the third quarter. Old North State Wealth Management LLC now owns 1,073 shares of the aerospace company’s stock worth $539,000 after purchasing an additional 21 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 buying an additional 22 shares during the period. Broadway Wealth Solutions Inc. lifted its holdings in Lockheed Martin by 4.5% in the 2nd quarter. Broadway Wealth Solutions Inc. now owns 511 shares of the aerospace company’s stock worth $237,000 after buying an additional 22 shares during the period. Davis Investment Partners LLC grew its position in shares of Lockheed Martin by 2.0% in the 2nd quarter. Davis Investment Partners LLC now owns 1,168 shares of the aerospace company’s stock worth $544,000 after buying an additional 23 shares during the last quarter. Finally, Aaron Wealth Advisors LLC increased its stake in shares of Lockheed Martin by 1.1% during the second quarter. Aaron Wealth Advisors LLC now owns 2,125 shares of the aerospace company’s stock valued at $984,000 after buying an additional 23 shares during the period. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on LMT shares. UBS Group dropped their price target on Lockheed Martin from $514.00 to $513.00 and set a “neutral” rating for the company in a research note on Wednesday, October 22nd. Morgan Stanley reaffirmed an “equal weight” rating and issued a $543.00 target price (down from $630.00) on shares of Lockheed Martin in a research report on Tuesday, December 16th. Robert W. Baird boosted their price target on shares of Lockheed Martin from $500.00 to $550.00 and gave the company an “outperform” rating in a research report on Monday, October 6th. Wall Street Zen downgraded shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 13th. Finally, BNP Paribas raised Lockheed Martin to a “strong-buy” rating in a research report on Tuesday, November 18th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, eighteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $506.67.

Insider Transactions at Lockheed Martin

In other Lockheed Martin news, COO John Frank A. St sold 7,792 shares of the business’s stock in a transaction on 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 sale, the chief operating officer directly owned 1 shares of the company’s stock, valued at approximately $491.04. The trade was a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.14% of the company’s stock.

Lockheed Martin Trading Up 2.7%

Shares of NYSE LMT opened at $496.77 on Friday. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $516.00. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.13 and a quick ratio of 0.97. The firm has a 50-day moving average of $470.79 and a 200 day moving average of $466.39. The stock has a market cap of $114.95 billion, a P/E ratio of 27.74, a price-to-earnings-growth ratio of 1.37 and a beta of 0.24.

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

Lockheed Martin Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st were paid a dividend of $3.45 per share. The ex-dividend date was Monday, December 1st. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. This represents a $13.80 dividend on an annualized basis and a yield of 2.8%. Lockheed Martin’s dividend payout ratio (DPR) is presently 77.05%.

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.