Capital Advisors Inc. OK Buys 1,625 Shares of Lockheed Martin Corporation $LMT

Capital Advisors Inc. OK raised its stake in Lockheed Martin Corporation (NYSE:LMT) by 2.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,862 shares of the aerospace company’s stock after purchasing an additional 1,625 shares during the period. Capital Advisors Inc. OK’s holdings in Lockheed Martin were worth $30,383,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Lockheed Martin by 1.0% in the second quarter. Vanguard Group Inc. now owns 21,697,527 shares of the aerospace company’s stock valued at $10,048,993,000 after buying an additional 214,565 shares during the period. Geode Capital Management LLC raised its holdings in Lockheed Martin by 0.4% in the 2nd quarter. Geode Capital Management LLC now owns 4,884,954 shares of the aerospace company’s stock valued at $2,256,147,000 after acquiring an additional 19,459 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Lockheed Martin by 0.6% in the 2nd quarter. Legal & General Group Plc now owns 959,510 shares of the aerospace company’s stock worth $444,387,000 after acquiring an additional 6,073 shares during the period. AQR Capital Management LLC grew its holdings in shares of Lockheed Martin by 6.9% during the 2nd quarter. AQR Capital Management LLC now owns 863,839 shares of the aerospace company’s stock worth $400,079,000 after purchasing an additional 55,607 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Lockheed Martin by 16.6% during the second quarter. Ameriprise Financial Inc. now owns 761,382 shares of the aerospace company’s stock valued at $347,381,000 after purchasing an additional 108,553 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other 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 sale, the chief operating officer owned 1 shares in the company, valued at approximately $491.04. This represents a 99.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.14% of the company’s stock.

Lockheed Martin Trading Up 2.7%

Shares of Lockheed Martin stock opened at $496.77 on Friday. The stock has a market capitalization of $114.95 billion, a P/E ratio of 27.74, a price-to-earnings-growth ratio of 1.41 and a beta of 0.24. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $516.00. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 3.32. The company has a 50-day simple moving average of $470.79 and a 200 day simple moving average of $466.30.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data 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 net margin of 5.73% and a return on equity of 111.84%. The firm had revenue of $18.61 billion for the quarter, compared to analysts’ expectations of $18.45 billion. During the same period in the prior year, the firm earned $6.84 earnings per share. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. Research analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

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

Analyst Ratings Changes

Several research analysts recently commented on the company. BNP Paribas raised Lockheed Martin to a “strong-buy” rating in a research report on Tuesday, November 18th. Morgan Stanley restated an “equal weight” rating and issued a $543.00 price objective (down previously from $630.00) on shares of Lockheed Martin in a research note on Tuesday, December 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Lockheed Martin in a research report on Wednesday, October 8th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $515.00 target price (up previously from $465.00) on shares of Lockheed Martin in a research note on Friday, December 19th. Finally, Wall Street Zen cut shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 13th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, eighteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price 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.