Lockheed Martin Corporation $LMT Shares Acquired by Penn Davis Mcfarland Inc.

Penn Davis Mcfarland Inc. grew its position in Lockheed Martin Corporation (NYSE:LMT) by 14.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,507 shares of the aerospace company’s stock after acquiring an additional 7,052 shares during the quarter. Lockheed Martin comprises 2.9% of Penn Davis Mcfarland Inc.’s holdings, making the stock its 13th largest position. Penn Davis Mcfarland Inc.’s holdings in Lockheed Martin were worth $27,710,000 at the end of the most recent reporting period.

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

Insider Activity at Lockheed Martin

In other news, COO John Frank A. St sold 7,792 shares of Lockheed Martin 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 directly owned 1 shares of the company’s stock, valued at approximately $491.04. The trade was a 99.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LMT. Royal Bank Of Canada upped 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 note on Tuesday, October 7th. Citigroup started coverage on Lockheed Martin in a report on Thursday, December 11th. They set a “neutral” rating and a $505.00 target price on the stock. The Goldman Sachs Group upped their price target on Lockheed Martin from $398.00 to $425.00 and gave the company a “sell” rating in a research report on Friday, October 10th. Truist Financial lifted their price objective on Lockheed Martin from $440.00 to $500.00 and gave the stock a “hold” rating in a research report on Wednesday, October 15th. Finally, Wall Street Zen lowered Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 13th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, eighteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $506.67.

Lockheed Martin Stock Performance

NYSE LMT opened at $496.77 on Friday. The stock has a fifty day simple moving average of $470.79 and a 200-day simple moving average of $466.30. 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 market cap of $114.95 billion, a PE ratio of 27.74, a P/E/G ratio of 1.41 and a beta of 0.24. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $516.00.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, beating analysts’ consensus estimates of $6.33 by $0.62. The company had revenue of $18.61 billion for the quarter, compared to analysts’ expectations of $18.45 billion. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. Lockheed Martin’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $6.84 earnings per share. 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 declared a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st were given a dividend of $3.45 per share. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.30. This represents a $13.80 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Monday, December 1st. Lockheed Martin’s dividend payout ratio (DPR) is 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.