Lockheed Martin Corporation $LMT Holdings Raised by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp boosted its stake in Lockheed Martin Corporation (NYSE:LMT) by 21.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,396 shares of the aerospace company’s stock after buying an additional 1,500 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Lockheed Martin were worth $3,889,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LMT. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Lockheed Martin during the second quarter valued at approximately $28,000. Frazier Financial Advisors LLC bought a new position in Lockheed Martin during the 2nd quarter valued at $34,000. MTM Investment Management LLC acquired a new position in shares of Lockheed Martin during the 2nd quarter valued at $36,000. GFG Capital LLC acquired a new position in shares of Lockheed Martin during the 2nd quarter valued at $43,000. Finally, Bernard Wealth Management Corp. raised its stake in shares of Lockheed Martin by 251.9% in the 2nd quarter. Bernard Wealth Management Corp. now owns 95 shares of the aerospace company’s stock worth $44,000 after buying an additional 68 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.

Insider Activity

In related news, COO John Frank A. St sold 7,792 shares of the firm’s 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 completion of the sale, the chief operating officer directly owned 1 shares in the company, valued at approximately $491.04. This trade represents a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.14% of the stock is owned by company insiders.

Lockheed Martin Price Performance

LMT opened at $438.79 on Tuesday. The firm has a market capitalization of $101.54 billion, a P/E ratio of 24.50, a PEG ratio of 1.69 and a beta of 0.25. The stock has a fifty day moving average of $481.93 and a 200-day moving average of $466.26. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 3.32. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $526.78.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share for the quarter, beating the consensus estimate of $6.33 by $0.62. The firm had revenue of $18.61 billion for 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 quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the firm earned $6.84 earnings per share. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. Equities analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st will be issued a $3.45 dividend. The ex-dividend date is Monday, December 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 3.1%. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s dividend payout ratio is currently 77.05%.

Analysts Set New Price Targets

Several research analysts recently weighed in on LMT shares. BNP Paribas Exane initiated coverage on Lockheed Martin in a research note on Tuesday, November 18th. They set an “outperform” rating and a $550.00 target price for the company. BNP Paribas upgraded shares of Lockheed Martin to a “strong-buy” rating in a research report on Tuesday, November 18th. Morgan Stanley lifted their price objective on shares of Lockheed Martin from $530.00 to $630.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Royal Bank Of Canada increased their target price 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. Finally, The Goldman Sachs Group lifted their price target on shares of Lockheed Martin from $398.00 to $425.00 and gave the stock a “sell” rating in a research report on Friday, October 10th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $515.50.

Lockheed Martin Profile

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.