Lockheed Martin Corporation $LMT Shares Acquired by Great Lakes Retirement Inc.

Great Lakes Retirement Inc. lifted its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 2.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,682 shares of the aerospace company’s stock after buying an additional 507 shares during the period. Lockheed Martin makes up about 1.2% of Great Lakes Retirement Inc.’s investment portfolio, making the stock its 19th largest holding. Great Lakes Retirement Inc.’s holdings in Lockheed Martin were worth $10,505,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Lockheed Martin during the second quarter worth approximately $28,000. TruNorth Capital Management LLC acquired a new position in shares of Lockheed Martin during the first quarter worth approximately $31,000. Frazier Financial Advisors LLC acquired a new position in shares of Lockheed Martin during the second quarter worth approximately $34,000. GFG Capital LLC acquired a new position in shares of Lockheed Martin during the second quarter worth approximately $43,000. Finally, Bernard Wealth Management Corp. boosted its position in shares of Lockheed Martin by 251.9% during the second quarter. Bernard Wealth Management Corp. now owns 95 shares of the aerospace company’s stock worth $44,000 after buying an additional 68 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LMT has been the subject of several analyst reports. Sanford C. Bernstein boosted their price objective on Lockheed Martin from $497.00 to $545.00 and gave the stock a “market perform” rating in a research report on Monday, October 20th. Wall Street Zen upgraded Lockheed Martin from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. Vertical Research restated a “hold” rating and issued a $460.00 target price on shares of Lockheed Martin in a research report on Tuesday, July 22nd. TD Cowen restated a “hold” rating and issued a $480.00 target price (down from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. 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. One investment 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 issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $513.47.

Lockheed Martin Trading Up 0.5%

NYSE LMT opened at $492.04 on Friday. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 3.32. The company has a market capitalization of $113.86 billion, a PE ratio of 27.47, a price-to-earnings-growth ratio of 1.69 and a beta of 0.28. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $576.43. The firm’s fifty day simple moving average is $481.90 and its 200-day simple moving average is $467.23.

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. As a group, sell-side analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be paid a $3.45 dividend. The ex-dividend date is Monday, December 1st. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. This represents a $13.80 annualized dividend and a dividend yield of 2.8%. Lockheed Martin’s dividend payout ratio is 77.05%.

Insider Buying and Selling

In other Lockheed Martin news, COO John Frank A. St sold 7,792 shares of the firm’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 completion of the transaction, the chief operating officer owned 1 shares in the company, valued at $491.04. This trade 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 available at this link. 0.14% of the stock is currently owned by corporate insiders.

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.