Rydar Equities Inc. Purchases Shares of 4,399 Lockheed Martin Corporation $LMT

Rydar Equities Inc. purchased a new position in Lockheed Martin Corporation (NYSE:LMT) in the second quarter, HoldingsChannel reports. The institutional investor purchased 4,399 shares of the aerospace company’s stock, valued at approximately $2,037,000. Lockheed Martin makes up about 1.6% of Rydar Equities Inc.’s holdings, making the stock its 20th largest position.

A number of other large investors have also recently made changes to their positions in the stock. Mid American Wealth Advisory Group Inc. acquired a new stake in Lockheed Martin during the 2nd quarter worth about $28,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Lockheed Martin in the second quarter worth about $29,000. Frazier Financial Advisors LLC acquired a new stake in shares of Lockheed Martin during the second quarter worth about $34,000. MTM Investment Management LLC purchased a new stake in Lockheed Martin in the second quarter valued at approximately $36,000. Finally, Kilter Group LLC acquired a new position in Lockheed Martin in the 2nd quarter worth approximately $40,000. 74.19% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Lockheed Martin

In other news, COO John Frank A. St sold 7,792 shares of the firm’s stock in a transaction that occurred on 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 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.14% of the stock is owned by insiders.

Lockheed Martin Price Performance

NYSE:LMT opened at $480.03 on Monday. 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 Corporation has a 52 week low of $410.11 and a 52 week high of $516.00. The stock’s 50-day moving average price is $476.03 and its 200-day moving average price is $465.58. The stock has a market capitalization of $111.08 billion, a PE ratio of 26.80, a price-to-earnings-growth ratio of 1.45 and a beta of 0.24.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $6.95 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 company had revenue of $18.61 billion for the quarter, compared to analyst estimates of $18.45 billion. During the same period last year, the company earned $6.84 earnings per share. Lockheed Martin’s quarterly revenue was up 8.8% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. As a group, equities analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be paid a dividend of $3.45 per share. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.30. The ex-dividend date is Monday, December 1st. This represents a $13.80 annualized dividend and a yield of 2.9%. Lockheed Martin’s dividend payout ratio (DPR) is presently 77.05%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on LMT. Alembic Global Advisors upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a research note on Thursday, August 28th. Robert W. Baird upped their price target on shares of Lockheed Martin from $500.00 to $550.00 and gave the company an “outperform” rating in a report on Monday, October 6th. Truist Financial lifted their price objective on Lockheed Martin from $440.00 to $500.00 and gave the company a “hold” rating in a research note on Wednesday, October 15th. Wall Street Zen downgraded Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Lockheed Martin in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, sixteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $508.72.

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.