Lockheed Martin Corporation $LMT Stock Bought by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its holdings in Lockheed Martin Corporation (NYSE:LMT) by 2,011.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 50,000 shares of the aerospace company’s stock after buying an additional 47,632 shares during the quarter. International Assets Investment Management LLC’s holdings in Lockheed Martin were worth $25,462,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Norris Financial Group LLC bought a new position in Lockheed Martin in the 1st quarter worth about $2,321,000. CX Institutional increased its stake in shares of Lockheed Martin by 527.4% in the third quarter. CX Institutional now owns 18,415 shares of the aerospace company’s stock valued at $9,378,000 after purchasing an additional 15,480 shares during the period. Talon Private Wealth LLC bought a new stake in shares of Lockheed Martin during the first quarter valued at approximately $3,743,000. Meeder Asset Management Inc. bought a new stake in shares of Lockheed Martin during the second quarter valued at approximately $11,036,000. Finally, OneDigital Investment Advisors LLC bought a new stake in shares of Lockheed Martin during the second quarter valued at approximately $4,796,000. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Price Performance

NYSE LMT opened at $637.60 on Friday. The company has a 50 day simple moving average of $544.17 and a 200-day simple moving average of $568.87. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.26 and a quick ratio of 1.10. The firm has a market capitalization of $147.29 billion, a price-to-earnings ratio of 22.65, a price-to-earnings-growth ratio of 1.37 and a beta of 0.09. Lockheed Martin Corporation has a 52-week low of $437.25 and a 52-week high of $692.00.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Thursday, October 22nd. The aerospace company reported $7.97 EPS for the quarter, beating analysts’ consensus estimates of $7.52 by $0.45. The firm had revenue of $20.71 billion for the quarter, compared to the consensus estimate of $20.48 billion. Lockheed Martin had a net margin of 8.23% and a return on equity of 83.41%. The firm’s revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the firm posted $6.95 earnings per share. Equities research analysts predict that Lockheed Martin Corporation will post 30.59 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 Thursday, December 31st. Shareholders of record on Tuesday, December 1st will be paid a dividend of $3.60 per share. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.45. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $14.40 dividend on an annualized basis and a dividend yield of 2.3%. Lockheed Martin’s dividend payout ratio (DPR) is 49.02%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. UBS Group increased their price objective on Lockheed Martin from $653.00 to $692.00 and gave the stock a “buy” rating in a report on Friday, October 23rd. Wells Fargo & Company set a $600.00 price objective on Lockheed Martin in a report on Monday, July 27th. Royal Bank Of Canada raised their target price on shares of Lockheed Martin from $550.00 to $600.00 and gave the stock a “sector perform” rating in a report on Friday, October 23rd. Morgan Stanley boosted their price objective on Lockheed Martin from $653.00 to $690.00 and gave the stock an “equal weight” rating in a report on Friday, July 24th. Finally, Rothschild & Co Redburn started coverage on shares of Lockheed Martin in a research note on Tuesday, October 6th. They set a “buy” rating and a $650.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $638.05.

More Lockheed Martin News

Here are the key news stories impacting Lockheed Martin this week:

• Positive Sentiment: The U.S. State Department approved a possible $2.1 billion Patriot missile package for Ukraine, naming Lockheed Martin as the principal contractor. The package includes 500 PAC-3 MSE interceptors, spare parts, logistics and support, and will be financed by allied and Ukrainian funds rather than direct U.S. funding. The sale could add to LMT’s missile backlog, although no delivery schedule was provided. U.S. approves $2.1 billion Patriot missile sale to Ukraine
• Positive Sentiment: Recent coverage highlights Lockheed Martin’s record $292 billion backlog, continued F-35 production at 156 aircraft annually and a 10-year F-35 agreement with the Pentagon. These developments improve long-term revenue visibility and support the case for sustained military demand. Lockheed Martin long-term investor takeaways
• Positive Sentiment: Analysts and investors are also encouraged by potentially better Department of Defense contract terms, with higher-margin Missiles and Fire Control activities expected to improve profitability and reduce development and execution risk. Lockheed Martin backlog analysis
• Neutral Sentiment: Analysts remain divided on LMT versus faster-growing defense companies such as Kratos Defense. While the backlog and F-35 progress are favorable, valuation, cash generation and uncertainty over future U.S. defense budgets remain key considerations. Kratos Defense versus Lockheed Martin analysis
• Negative Sentiment: After a roughly 27% October rally, some investors may be taking profits. Coverage also flags gradually weakening margins and warns that management’s January update on profitability and execution could determine whether the recent advance is sustainable. Lockheed Martin October rally analysis

Lockheed Martin Profile

Lockheed Martin Corporation is a global security and aerospace company headquartered in Bethesda, Maryland. Formed in 1995 through the merger of Lockheed Corporation and Martin Marietta, the company develops and produces advanced defense, aerospace, and technology systems for government and commercial customers.

Its principal business areas include Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. Products and services include military aircraft such as the F-35 Lightning II, C-130 Hercules, and F-16 Fighting Falcon; missile-defense and precision-strike systems; helicopters and naval systems; command, control, communications, and intelligence technologies; satellites; space exploration systems; and other classified space and defense programs.

Lockheed Martin serves the U.S.