Lockheed Martin Corporation $LMT Shares Acquired by Freestone Capital Holdings LLC

Freestone Capital Holdings LLC increased its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 2.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,594 shares of the aerospace company’s stock after acquiring an additional 307 shares during the quarter. Freestone Capital Holdings LLC’s holdings in Lockheed Martin were worth $6,296,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LMT. Entropy Technologies LP lifted its position in shares of Lockheed Martin by 410.2% during the 1st quarter. Entropy Technologies LP now owns 17,626 shares of the aerospace company’s stock valued at $7,874,000 after acquiring an additional 14,171 shares during the last quarter. PTM Wealth Management LLC acquired a new position in shares of Lockheed Martin in the 1st quarter worth $377,000. Empowered Funds LLC raised its position in shares of Lockheed Martin by 21.2% during the first quarter. Empowered Funds LLC now owns 40,380 shares of the aerospace company’s stock worth $18,038,000 after purchasing an additional 7,052 shares during the period. Founders Capital Management lifted its holdings in shares of Lockheed Martin by 46.9% during the second quarter. Founders Capital Management now owns 14,568 shares of the aerospace company’s stock valued at $6,747,000 after purchasing an additional 4,648 shares during the last quarter. Finally, Financial Gravity Asset Management Inc. acquired a new position in shares of Lockheed Martin in the 1st quarter valued at $413,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Lockheed Martin news, COO John Frank A. St sold 7,792 shares of the business’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 sale, the chief operating officer owned 1 shares of the company’s stock, valued at $491.04. The trade was a 99.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.14% of the company’s stock.

Lockheed Martin Stock Up 0.5%

LMT stock opened at $492.04 on Monday. The company has a 50 day moving average of $481.90 and a two-hundred day moving average of $467.14. The company has a market cap of $113.86 billion, a price-to-earnings ratio of 27.47, a PEG ratio of 1.69 and a beta of 0.28. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $576.43. 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 (NYSE:LMT) last announced its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.33 by $0.62. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.The business had revenue of $18.61 billion during the quarter, compared to analyst estimates of $18.45 billion. During the same period in the previous year, the company earned $6.84 EPS. The firm’s 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. On average, equities analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st will be issued a dividend of $3.45 per share. The ex-dividend date is Monday, December 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.8%. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s payout ratio is 77.05%.

Analysts Set New Price Targets

Several research firms have issued reports on LMT. The Goldman Sachs Group boosted their price objective on Lockheed Martin from $398.00 to $425.00 and gave the stock a “sell” rating in a report on Friday, October 10th. Royal Bank Of Canada lifted their target price on shares of Lockheed Martin from $440.00 to $525.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 7th. Susquehanna boosted their price target on shares of Lockheed Martin from $490.00 to $590.00 and gave the company a “positive” rating in a report on Thursday, October 9th. Vertical Research restated a “hold” rating and issued a $460.00 price target on shares of Lockheed Martin in a research report on Tuesday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft set a $519.00 price objective on shares of Lockheed Martin and gave the stock a “hold” rating in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $513.47.

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.