SteelPeak Wealth LLC Has $988,000 Stock Holdings in Lockheed Martin Corporation $LMT

SteelPeak Wealth LLC decreased its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 45.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,980 shares of the aerospace company’s stock after selling 1,632 shares during the quarter. SteelPeak Wealth LLC’s holdings in Lockheed Martin were worth $988,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Tableaux LLC grew its stake in Lockheed Martin by 34,231.4% during the 2nd quarter. Tableaux LLC now owns 623,115 shares of the aerospace company’s stock valued at $288,589,000 after acquiring an additional 621,300 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Lockheed Martin by 169.3% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 572,272 shares of the aerospace company’s stock worth $265,030,000 after purchasing an additional 359,748 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Lockheed Martin by 1.0% during 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 period. Holocene Advisors LP purchased a new position in Lockheed Martin during the second quarter valued at approximately $92,628,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Lockheed Martin during the second quarter valued at approximately $89,850,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Stock Up 2.7%

LMT stock opened at $496.77 on Friday. The firm has a market cap of $114.95 billion, a PE ratio of 27.74, a PEG ratio of 1.41 and a beta of 0.24. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $516.00. The company 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.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, topping the consensus estimate of $6.33 by $0.62. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The firm had revenue of $18.61 billion for the quarter, compared to the consensus estimate of $18.45 billion. During the same period in the prior year, the business posted $6.84 earnings per share. The business’s quarterly revenue was up 8.8% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. Sell-side analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

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

Insider Buying and Selling at Lockheed Martin

In related 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 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 in the company, valued at approximately $491.04. The trade was a 99.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on LMT shares. Wall Street Zen downgraded shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 13th. Sanford C. Bernstein upped their price target on shares of Lockheed Martin from $497.00 to $545.00 and gave the stock a “market perform” rating in a research note 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. Morgan Stanley reissued an “equal weight” rating and set a $543.00 price objective (down previously from $630.00) on shares of Lockheed Martin in a research report on Tuesday, December 16th. Finally, Royal Bank Of Canada upped their target price on Lockheed Martin from $440.00 to $525.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 7th. Two 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 company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $506.67.

About Lockheed Martin

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.