Shum Financial Group Inc. Acquires Shares of 1,206 Lockheed Martin Corporation $LMT

Shum Financial Group Inc. acquired a new stake in Lockheed Martin Corporation (NYSE:LMT) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,206 shares of the aerospace company’s stock, valued at approximately $602,000.

A number of other large investors have also added to or reduced their stakes in the business. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Lockheed Martin in the 2nd quarter valued at approximately $28,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Lockheed Martin in the 2nd quarter valued at $29,000. Frazier Financial Advisors LLC acquired a new position in shares of Lockheed Martin during the 2nd quarter worth $34,000. MTM Investment Management LLC bought a new stake in shares of Lockheed Martin during the 2nd quarter worth $36,000. Finally, Kilter Group LLC acquired a new stake in Lockheed Martin in the second quarter valued at about $40,000. Institutional investors own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

LMT has been the subject of several research analyst reports. Sanford C. Bernstein boosted their target price on Lockheed Martin from $497.00 to $545.00 and gave the stock a “market perform” rating in a research note on Monday, October 20th. Robert W. Baird upped their price objective on shares of Lockheed Martin from $500.00 to $550.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. Wall Street Zen downgraded shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 13th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Lockheed Martin from $517.00 to $492.00 and set a “hold” rating on the stock in a research note on Wednesday, December 10th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $515.00 price target (up from $465.00) on shares of Lockheed Martin in a research note on Friday, December 19th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, eighteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $506.67.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock opened at $488.04 on Wednesday. The stock has a market cap of $112.93 billion, a price-to-earnings ratio of 27.25, a P/E/G ratio of 1.47 and a beta of 0.24. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $516.00. The company’s fifty day moving average is $470.71 and its 200 day moving average is $465.94. 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 (NYSE:LMT) last posted its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, beating analysts’ consensus estimates of $6.33 by $0.62. The company had revenue of $18.61 billion for the quarter, compared to analyst estimates of $18.45 billion. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The company’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the firm posted $6.84 EPS. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. Sell-side analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 1st were paid a dividend of $3.45 per share. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.30. This represents a $13.80 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Monday, December 1st. Lockheed Martin’s payout ratio is 77.05%.

Insiders Place Their Bets

In other Lockheed Martin news, COO John Frank A. St sold 7,792 shares of the business’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 directly owned 1 shares of the company’s stock, valued at approximately $491.04. The trade was a 99.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.14% of the company’s stock.

Lockheed Martin Company Profile

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.