Buttonwood Financial Advisors Inc. Boosts Stock Holdings in Lockheed Martin Corporation $LMT

Buttonwood Financial Advisors Inc. lifted its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 44.2% in the 3rd quarter, Holdings Channel.com reports. The fund owned 3,634 shares of the aerospace company’s stock after buying an additional 1,114 shares during the quarter. Buttonwood Financial Advisors Inc.’s holdings in Lockheed Martin were worth $1,814,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised 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 worth $10,048,993,000 after purchasing an additional 214,565 shares during the last quarter. Geode Capital Management LLC increased 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 worth $2,256,147,000 after buying an additional 19,459 shares in the last quarter. Legal & General Group Plc raised its position in 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 buying an additional 6,073 shares during the last quarter. AQR Capital Management LLC lifted its stake in Lockheed Martin by 6.9% during the 2nd quarter. AQR Capital Management LLC now owns 863,839 shares of the aerospace company’s stock valued at $400,079,000 after acquiring an additional 55,607 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Lockheed Martin by 16.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 761,382 shares of the aerospace company’s stock valued at $347,381,000 after acquiring an additional 108,553 shares during the last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Trading Up 2.7%

NYSE:LMT opened at $496.77 on Friday. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $516.00. The business has a fifty day moving average price of $470.79 and a 200-day moving average price of $466.39. The firm has a market capitalization of $114.95 billion, a price-to-earnings ratio of 27.74, a price-to-earnings-growth ratio of 1.37 and a beta of 0.24. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.13 and a quick ratio of 0.97.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share (EPS) for the quarter, beating the consensus estimate 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 in the previous year, the company posted $6.84 earnings per share. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. Sell-side analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Increases Dividend

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

Insider Buying and Selling

In other Lockheed Martin news, COO John Frank A. St sold 7,792 shares of Lockheed Martin 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 transaction, the chief operating officer owned 1 shares of the company’s stock, valued at $491.04. The trade was 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 the SEC website. Insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on LMT shares. BNP Paribas raised shares of Lockheed Martin to a “strong-buy” rating in a report on Tuesday, November 18th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Lockheed Martin from $517.00 to $492.00 and set a “hold” rating for the company in a research note on Wednesday, December 10th. The Goldman Sachs Group increased their price target on Lockheed Martin from $398.00 to $425.00 and gave the company a “sell” rating in a report on Friday, October 10th. BNP Paribas Exane started coverage on Lockheed Martin in a report on Tuesday, November 18th. They issued an “outperform” rating and a $550.00 price objective for the company. Finally, Citigroup assumed coverage on Lockheed Martin in a report on Thursday, December 11th. They issued a “neutral” rating and a $505.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, eighteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Lockheed Martin presently has a consensus rating of “Hold” and an average 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.