Deane Retirement Strategies Inc. Makes New Investment in Lockheed Martin Corporation $LMT

Deane Retirement Strategies Inc. purchased a new stake in shares of Lockheed Martin Corporation (NYSE:LMT) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,808 shares of the aerospace company’s stock, valued at approximately $4,893,000. Lockheed Martin accounts for approximately 2.1% of Deane Retirement Strategies Inc.’s investment portfolio, making the stock its 22nd largest holding.

A number of other hedge funds and other institutional investors have also modified their holdings of LMT. Mid American Wealth Advisory Group Inc. acquired a new position in Lockheed Martin during the 2nd quarter valued at about $28,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Lockheed Martin in the 2nd quarter worth approximately $29,000. Frazier Financial Advisors LLC bought a new position in shares of Lockheed Martin in the second quarter valued at approximately $34,000. MTM Investment Management LLC acquired a new position in shares of Lockheed Martin during the second quarter valued at approximately $36,000. Finally, Kilter Group LLC acquired a new position in shares of Lockheed Martin during the second quarter valued at approximately $40,000. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Up 2.0%

Shares of Lockheed Martin stock opened at $483.47 on Tuesday. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $516.00. The firm has a market capitalization of $111.87 billion, a PE ratio of 26.99, a price-to-earnings-growth ratio of 1.43 and a beta of 0.24. 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 stock’s fifty day moving average is $472.17 and its 200-day moving average is $465.50.

Lockheed Martin (NYSE:LMT) last released its quarterly 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. The business had revenue of $18.61 billion during the quarter, compared to analyst estimates of $18.45 billion. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.Lockheed Martin’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter last year, the company posted $6.84 EPS. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. Equities analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st will be given a $3.45 dividend. This represents a $13.80 annualized dividend and a dividend yield of 2.9%. This is an increase 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%.

Insider Activity

In other news, COO John Frank A. St sold 7,792 shares of the business’s stock in a transaction that occurred 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 sale, the chief operating officer owned 1 shares in the company, valued at $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 Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on LMT shares. Sanford C. Bernstein upped their target price on Lockheed Martin from $497.00 to $545.00 and gave the stock a “market perform” rating in a research report on Monday, October 20th. Deutsche Bank Aktiengesellschaft cut their price objective on Lockheed Martin from $517.00 to $492.00 and set a “hold” rating for the company in a report on Wednesday, December 10th. Wall Street Zen lowered Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 13th. UBS Group dropped their price target on shares of Lockheed Martin from $514.00 to $513.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 22nd. Finally, Royal Bank Of Canada raised their price objective on shares of Lockheed Martin from $440.00 to $525.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 7th. 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. According to data from MarketBeat.com, Lockheed Martin has an average rating of “Hold” and a consensus target price of $506.67.

Lockheed Martin 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.