Private Management Group Inc. Boosts Holdings in Lockheed Martin Corporation $LMT

Private Management Group Inc. lifted its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 630.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,507 shares of the aerospace company’s stock after purchasing an additional 3,027 shares during the period. Private Management Group Inc.’s holdings in Lockheed Martin were worth $1,624,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of LMT. Mid American Wealth Advisory Group Inc. acquired a new stake in Lockheed Martin in the 2nd quarter worth about $28,000. Frazier Financial Advisors LLC acquired a new position in shares of Lockheed Martin during the second quarter valued at approximately $34,000. MTM Investment Management LLC purchased a new position in shares of Lockheed Martin in the second quarter valued at approximately $36,000. GFG Capital LLC acquired a new stake in shares of Lockheed Martin in the second quarter worth approximately $43,000. Finally, Bernard Wealth Management Corp. increased 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 purchasing an additional 68 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Price Performance

Shares of LMT stock opened at $460.15 on Friday. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.13 and a quick ratio of 0.97. The company has a market capitalization of $106.48 billion, a PE ratio of 25.69, a price-to-earnings-growth ratio of 1.69 and a beta of 0.25. The firm’s 50-day moving average is $484.68 and its two-hundred day moving average is $466.88. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $546.00.

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, topping analysts’ consensus estimates of $6.33 by $0.62. The business had revenue of $18.61 billion during the quarter, compared to the consensus estimate of $18.45 billion. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The business’s revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the firm earned $6.84 EPS. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. Analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current 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 paid a $3.45 dividend. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. The ex-dividend date of this dividend is Monday, December 1st. This represents a $13.80 annualized dividend and a dividend yield of 3.0%. Lockheed Martin’s dividend payout ratio is currently 77.05%.

Analyst Ratings Changes

A number of brokerages have weighed in on LMT. Bank of America decreased their price objective on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating on the stock in a report on Thursday, August 21st. BNP Paribas upgraded shares of Lockheed Martin to a “strong-buy” rating in a research report on Tuesday, November 18th. Wall Street Zen raised shares of Lockheed Martin from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Deutsche Bank Aktiengesellschaft set a $519.00 target price on shares of Lockheed Martin and gave the stock a “hold” rating in a research note on Wednesday, October 8th. Finally, Susquehanna boosted their target price on Lockheed Martin from $490.00 to $590.00 and gave the stock a “positive” rating in a report on Thursday, October 9th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $515.50.

Insider Buying and Selling at Lockheed Martin

In related 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 completion of the sale, the chief operating officer directly owned 1 shares of the company’s stock, valued at approximately $491.04. This trade represents a 99.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

Lockheed Martin Company 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.