D.A. Davidson & CO. Purchases 1,592 Shares of Lockheed Martin Corporation $LMT

D.A. Davidson & CO. raised its position in Lockheed Martin Corporation (NYSE:LMT) by 5.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,826 shares of the aerospace company’s stock after purchasing an additional 1,592 shares during the quarter. D.A. Davidson & CO.’s holdings in Lockheed Martin were worth $16,387,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in LMT. Tableaux LLC increased its stake in shares of Lockheed Martin by 34,231.4% in the second quarter. Tableaux LLC now owns 623,115 shares of the aerospace company’s stock valued at $288,589,000 after buying an additional 621,300 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Lockheed Martin by 169.3% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 572,272 shares of the aerospace company’s stock worth $265,030,000 after acquiring an additional 359,748 shares during the last quarter. Vanguard Group Inc. grew its holdings in Lockheed Martin by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 21,697,527 shares of the aerospace company’s stock worth $10,048,993,000 after acquiring an additional 214,565 shares during the last quarter. Holocene Advisors LP acquired a new position in Lockheed Martin in the 2nd quarter valued at approximately $92,628,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Lockheed Martin during the second quarter valued at $89,850,000. 74.19% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, COO John Frank A. St sold 7,792 shares of the business’s stock in a transaction on Thursday, October 23rd. The shares were 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. The trade was a 99.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Royal Bank Of Canada boosted their price objective on shares of Lockheed Martin from $440.00 to $525.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lockheed Martin in a report on Wednesday, October 8th. Truist Financial upped their price target on Lockheed Martin from $440.00 to $500.00 and gave the company a “hold” rating in a research report on Wednesday, October 15th. Susquehanna increased their price target on Lockheed Martin from $490.00 to $590.00 and gave the company a “positive” rating in a research note on Thursday, October 9th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $543.00 price objective (down from $630.00) on shares of Lockheed Martin in a research note on Tuesday, December 16th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, seventeen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $506.18.

Lockheed Martin Stock Performance

LMT stock opened at $511.55 on Tuesday. The firm has a market cap of $118.37 billion, a PE ratio of 28.56, a price-to-earnings-growth ratio of 1.41 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. The stock has a 50-day moving average price of $471.28 and a 200-day moving average price of $466.59. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $516.00.

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

Lockheed Martin Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st were paid a $3.45 dividend. The ex-dividend date was Monday, December 1st. This represents a $13.80 annualized dividend and a dividend yield of 2.7%. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.30. 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.