D.A. Davidson & CO. Purchases 1,592 Shares of Lockheed Martin Corporation $LMT

D.A. Davidson & CO. increased its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 5.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 32,826 shares of the aerospace company’s stock after buying an additional 1,592 shares during the quarter. D.A. Davidson & CO.’s holdings in Lockheed Martin were worth $16,387,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in LMT. Carnegie Investment Counsel increased its stake in shares of Lockheed Martin by 11.4% in the third quarter. Carnegie Investment Counsel now owns 29,639 shares of the aerospace company’s stock worth $14,796,000 after purchasing an additional 3,031 shares in the last quarter. VCI Wealth Management LLC bought a new position in Lockheed Martin in the 3rd quarter worth approximately $3,075,000. DAVENPORT & Co LLC boosted its holdings in Lockheed Martin by 22.4% in the 3rd quarter. DAVENPORT & Co LLC now owns 25,423 shares of the aerospace company’s stock worth $12,688,000 after buying an additional 4,652 shares during the period. Empowered Funds LLC grew its stake in Lockheed Martin by 21.2% in the 1st quarter. Empowered Funds LLC now owns 40,380 shares of the aerospace company’s stock valued at $18,038,000 after buying an additional 7,052 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in Lockheed Martin by 29.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 10,036 shares of the aerospace company’s stock valued at $5,010,000 after acquiring an additional 2,270 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on LMT shares. Wall Street Zen lowered Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 13th. BNP Paribas Exane initiated coverage on Lockheed Martin in a report on Tuesday, November 18th. They set an “outperform” rating and a $550.00 price objective on the stock. Robert W. Baird lifted their target price on Lockheed Martin from $500.00 to $550.00 and gave the company an “outperform” rating in a report on Monday, October 6th. UBS Group decreased their price target on 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, JPMorgan Chase & Co. restated a “neutral” rating and issued a $515.00 price objective (up from $465.00) on shares of Lockheed Martin in a research report on Friday, December 19th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, seventeen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $506.18.

Lockheed Martin Stock Up 2.9%

LMT stock opened at $511.55 on Tuesday. The company’s 50 day moving average is $471.28 and its 200 day moving average is $466.59. The stock has a market cap of $118.37 billion, a price-to-earnings ratio of 28.56, a price-to-earnings-growth ratio of 1.41 and a beta of 0.24. 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 Corporation has a 1-year low of $410.11 and a 1-year high of $516.00.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, topping analysts’ consensus estimates of $6.33 by $0.62. The business had revenue of $18.61 billion during 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%. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $6.84 EPS. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. Sell-side analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st were given a dividend of $3.45 per share. The ex-dividend date was Monday, December 1st. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. This represents a $13.80 dividend on an annualized basis and a yield of 2.7%. Lockheed Martin’s dividend payout ratio (DPR) is 77.05%.

Insider Transactions at Lockheed Martin

In other news, COO John Frank A. St sold 7,792 shares of the company’s stock in a transaction dated 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 transaction, the chief operating officer directly owned 1 shares in the company, valued at approximately $491.04. This represents a 99.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.14% of the stock is currently owned by company insiders.

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.