Intrua Financial LLC Has $1.92 Million Stock Position in Lockheed Martin Corporation $LMT

Intrua Financial LLC lifted its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 10.5% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 4,143 shares of the aerospace company’s stock after purchasing an additional 393 shares during the quarter. Intrua Financial LLC’s holdings in Lockheed Martin were worth $1,919,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC boosted its stake in shares of Lockheed Martin by 5.0% during the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock valued at $1,941,000 after purchasing an additional 191 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Lockheed Martin by 193.5% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,849 shares of the aerospace company’s stock valued at $2,166,000 after buying an additional 3,197 shares during the last quarter. Whittier Trust Co. boosted its position in Lockheed Martin by 1.8% during the 1st quarter. Whittier Trust Co. now owns 7,082 shares of the aerospace company’s stock worth $3,164,000 after buying an additional 126 shares during the period. Larson Financial Group LLC grew its holdings in Lockheed Martin by 138.5% during the 1st quarter. Larson Financial Group LLC now owns 1,820 shares of the aerospace company’s stock worth $813,000 after acquiring an additional 1,057 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in Lockheed Martin by 12.1% in the 1st quarter. Victory Capital Management Inc. now owns 320,402 shares of the aerospace company’s stock valued at $143,127,000 after acquiring an additional 34,587 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Insiders Place Their Bets

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 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 in the company, valued at approximately $491.04. This represents 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 accessible through this link. Company insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

LMT has been the topic of a number of recent research reports. Susquehanna lifted their price target on shares of Lockheed Martin from $490.00 to $590.00 and gave the stock a “positive” rating in a report on Thursday, October 9th. Bank of America lowered their price objective on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a research report on Thursday, August 21st. JPMorgan Chase & Co. cut their price objective on Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 23rd. UBS Group decreased their target price on shares of Lockheed Martin from $514.00 to $513.00 and set a “neutral” rating for the company in a research report on Wednesday, October 22nd. Finally, The Goldman Sachs Group raised their price target on shares of Lockheed Martin from $398.00 to $425.00 and gave the stock a “sell” rating in a report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Lockheed Martin currently has an average rating of “Hold” and an average price target of $513.47.

Lockheed Martin Trading Down 0.3%

Shares of LMT stock opened at $455.76 on Friday. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $561.35. 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 stock has a 50 day simple moving average of $484.17 and a two-hundred day simple moving average of $467.18. The company has a market cap of $105.46 billion, a P/E ratio of 25.45, a PEG ratio of 1.69 and a beta of 0.25.

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

Lockheed Martin Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be paid a $3.45 dividend. This represents a $13.80 annualized dividend and a yield of 3.0%. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.30. The ex-dividend date of this dividend is Monday, December 1st. Lockheed Martin’s payout ratio is presently 77.05%.

About Lockheed Martin

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.