Lockheed Martin (NYSE:LMT) Trading Up 1.1% – Here’s Why

Lockheed Martin Corporation (NYSE:LMT)’s share price shot up 1.1% on Tuesday . The company traded as high as $461.77 and last traded at $457.0190. 1,314,536 shares changed hands during mid-day trading, a decline of 17% from the average session volume of 1,589,335 shares. The stock had previously closed at $452.10.

Analysts Set New Price Targets

Several research firms have issued reports on LMT. Susquehanna raised their price target on shares of Lockheed Martin from $490.00 to $590.00 and gave the stock a “positive” rating in a research report on Thursday, October 9th. The Goldman Sachs Group upped their price target on Lockheed Martin from $398.00 to $425.00 and gave the company a “sell” rating in a report on Friday, October 10th. Sanford C. Bernstein upped their target price on Lockheed Martin from $497.00 to $545.00 and gave the company a “market perform” rating in a research note on Monday, October 20th. Deutsche Bank Aktiengesellschaft set a $519.00 price target on shares of Lockheed Martin and gave the company a “hold” rating in a report on Wednesday, October 8th. Finally, Robert W. Baird increased their price objective on shares of Lockheed Martin from $500.00 to $550.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. One 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 given a Sell rating to the company. According to MarketBeat, Lockheed Martin has a consensus rating of “Hold” and a consensus price target of $513.47.

Lockheed Martin Stock Performance

The stock’s 50 day simple moving average is $483.91 and its two-hundred day simple moving average is $467.47. The company has a market capitalization of $105.75 billion, a P/E ratio of 25.52, a P/E/G ratio of 1.69 and a beta of 0.25. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.13 and a quick ratio of 0.97.

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

Lockheed Martin Increases Dividend

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

Insiders Place Their Bets

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 stock was 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 trade represents a 99.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.14% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of LMT. Brighton Jones LLC boosted its position 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 worth $1,941,000 after buying an additional 191 shares during the period. TruNorth Capital Management LLC bought a new stake in Lockheed Martin in the 1st quarter valued at approximately $31,000. CWM LLC boosted its position in Lockheed Martin by 3.8% during the 1st quarter. CWM LLC now owns 61,995 shares of the aerospace company’s stock worth $27,694,000 after acquiring an additional 2,255 shares during the last quarter. Cutter & CO Brokerage Inc. grew its stake in shares of Lockheed Martin by 40.3% during the 1st quarter. Cutter & CO Brokerage Inc. now owns 6,862 shares of the aerospace company’s stock worth $3,065,000 after acquiring an additional 1,971 shares in the last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. grew its stake in shares of Lockheed Martin by 15.2% during the 1st quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 1,954 shares of the aerospace company’s stock worth $873,000 after acquiring an additional 258 shares in the last quarter. Institutional investors own 74.19% of the company’s stock.

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.