Federated Hermes Inc. Has $41.54 Million Stock Holdings in Lockheed Martin Corporation $LMT

Federated Hermes Inc. raised its holdings in Lockheed Martin Corporation (NYSE:LMT) by 148.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 89,698 shares of the aerospace company’s stock after acquiring an additional 53,618 shares during the quarter. Federated Hermes Inc.’s holdings in Lockheed Martin were worth $41,543,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Tableaux LLC lifted its holdings in Lockheed Martin by 34,231.4% during the 2nd quarter. Tableaux LLC now owns 623,115 shares of the aerospace company’s stock worth $288,589,000 after buying an additional 621,300 shares during the period. Nuveen LLC acquired a new stake in shares of Lockheed Martin in the first quarter valued at about $221,790,000. AQR Capital Management LLC raised its position in shares of Lockheed Martin by 76.7% during the first quarter. AQR Capital Management LLC now owns 808,232 shares of the aerospace company’s stock worth $361,045,000 after acquiring an additional 350,796 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in shares of Lockheed Martin by 17,506.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 304,413 shares of the aerospace company’s stock worth $135,985,000 after acquiring an additional 302,684 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in Lockheed Martin by 59.3% in the first quarter. The Manufacturers Life Insurance Company now owns 747,373 shares of the aerospace company’s stock valued at $333,859,000 after acquiring an additional 278,121 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Insider Buying and Selling at Lockheed Martin

In other news, COO John Frank A. St sold 7,792 shares of the company’s stock in a transaction that occurred 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 transaction, the chief operating officer directly owned 1 shares of the company’s stock, valued at $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 available through this link. 0.14% of the stock is owned by insiders.

Lockheed Martin Trading Up 2.8%

LMT opened at $464.66 on Tuesday. The company has a fifty day moving average price of $478.28 and a two-hundred day moving average price of $465.54. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $516.36. The company has a market cap of $107.52 billion, a P/E ratio of 25.94, a price-to-earnings-growth ratio of 1.31 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 issued its earnings results on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, beating 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 company had revenue of $18.61 billion during the quarter, compared to the consensus estimate of $18.45 billion. During the same period last year, the business posted $6.84 EPS. The firm’s revenue for the quarter 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. Analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be paid a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a yield of 3.0%. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. The ex-dividend date of this dividend is Monday, December 1st. Lockheed Martin’s payout ratio is 77.05%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Royal Bank Of Canada raised their price target on shares of Lockheed Martin from $440.00 to $525.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 7th. The Goldman Sachs Group lifted their target price on shares of Lockheed Martin from $398.00 to $425.00 and gave the stock a “sell” rating in a research note on Friday, October 10th. Deutsche Bank Aktiengesellschaft set a $519.00 price target on shares of Lockheed Martin and gave the company a “hold” rating in a research report on Wednesday, October 8th. BNP Paribas Exane assumed coverage on Lockheed Martin in a research report on Tuesday, November 18th. They issued an “outperform” rating and a $550.00 price objective for the company. Finally, Susquehanna boosted their price objective on Lockheed Martin from $490.00 to $590.00 and gave the company a “positive” rating in a research note on Thursday, October 9th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $515.50.

Lockheed Martin Profile

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.