Carnegie Investment Counsel Increases Holdings in Lockheed Martin Corporation $LMT

Carnegie Investment Counsel raised its stake in Lockheed Martin Corporation (NYSE:LMT) by 11.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,639 shares of the aerospace company’s stock after purchasing an additional 3,031 shares during the quarter. Carnegie Investment Counsel’s holdings in Lockheed Martin were worth $14,796,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Mid American Wealth Advisory Group Inc. purchased a new stake in shares of Lockheed Martin during the 2nd quarter valued at about $28,000. Twin Peaks Wealth Advisors LLC purchased a new position in Lockheed Martin in the 2nd quarter worth approximately $29,000. Frazier Financial Advisors LLC acquired a new stake in Lockheed Martin in the second quarter valued at approximately $34,000. MTM Investment Management LLC purchased a new stake 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 worth $40,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

Shares of LMT opened at $483.14 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 quick ratio of 0.97 and a current ratio of 1.13. The company has a market cap of $111.80 billion, a price-to-earnings ratio of 26.98, a price-to-earnings-growth ratio of 1.46 and a beta of 0.24. The firm has a fifty day moving average of $471.07 and a 200-day moving average of $465.80.

Lockheed Martin (NYSE:LMT) last posted 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. The firm had revenue of $18.61 billion for 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% compared to the same quarter last year. During the same period last year, the firm earned $6.84 EPS. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. As a group, equities analysts anticipate 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 will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be paid a dividend of $3.45 per share. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Monday, December 1st. Lockheed Martin’s dividend payout ratio (DPR) is 77.05%.

Analyst Ratings Changes

A number of research firms recently weighed in on LMT. Royal Bank Of Canada raised their price target on shares of Lockheed Martin from $440.00 to $525.00 and gave the company a “sector perform” rating in a report on Tuesday, October 7th. BNP Paribas Exane assumed coverage on Lockheed Martin in a research note on Tuesday, November 18th. They set an “outperform” rating and a $550.00 target price for the company. JPMorgan Chase & Co. restated a “neutral” rating and issued a $515.00 price target (up previously from $465.00) on shares of Lockheed Martin in a research note on Friday, December 19th. Morgan Stanley reissued an “equal weight” rating and set a $543.00 price objective (down from $630.00) on shares of Lockheed Martin in a report on Tuesday, December 16th. Finally, Robert W. Baird lifted their price target on Lockheed Martin from $500.00 to $550.00 and gave the stock an “outperform” rating in a research note on Monday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, eighteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Lockheed Martin has an average rating of “Hold” and a consensus price target of $506.67.

Insider Activity

In other news, COO John Frank A. St sold 7,792 shares of the company’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 completion of the sale, the chief operating officer owned 1 shares in the company, valued at $491.04. This represents a 99.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.14% of the company’s stock.

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.