United Asset Strategies Inc. Has $16.19 Million Stock Position in Lockheed Martin Corporation $LMT

United Asset Strategies Inc. boosted its stake in Lockheed Martin Corporation (NYSE:LMT) by 55.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,957 shares of the aerospace company’s stock after purchasing an additional 12,405 shares during the quarter. Lockheed Martin comprises 1.4% of United Asset Strategies Inc.’s investment portfolio, making the stock its 15th biggest position. United Asset Strategies Inc.’s holdings in Lockheed Martin were worth $16,190,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of LMT. Entropy Technologies LP lifted its stake in Lockheed Martin by 410.2% in the 1st quarter. Entropy Technologies LP now owns 17,626 shares of the aerospace company’s stock valued at $7,874,000 after purchasing an additional 14,171 shares during the last quarter. PTM Wealth Management LLC acquired a new position in shares of Lockheed Martin during the first quarter worth $377,000. Empowered Funds LLC lifted its stake in shares of Lockheed Martin by 21.2% in the 1st quarter. Empowered Funds LLC now owns 40,380 shares of the aerospace company’s stock valued at $18,038,000 after acquiring an additional 7,052 shares during the last quarter. Laffer Tengler Investments Inc. boosted its holdings in shares of Lockheed Martin by 482.6% during the 2nd quarter. Laffer Tengler Investments Inc. now owns 6,979 shares of the aerospace company’s stock valued at $3,232,000 after acquiring an additional 5,781 shares in the last quarter. Finally, Modera Wealth Management LLC boosted its holdings in shares of Lockheed Martin by 3.1% during the 2nd quarter. Modera Wealth Management LLC now owns 32,333 shares of the aerospace company’s stock valued at $14,975,000 after acquiring an additional 971 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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 shares were 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 owned 1 shares of the company’s stock, valued at $491.04. This trade represents a 99.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.14% of the company’s stock.

Lockheed Martin Trading Up 1.1%

LMT opened at $457.02 on Wednesday. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $576.43. The company has a fifty day moving average of $484.01 and a 200-day moving average of $467.33. The stock has a market cap of $105.75 billion, a PE ratio of 25.52, a price-to-earnings-growth ratio of 1.69 and a beta of 0.25. 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 issued its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, beating analysts’ consensus estimates of $6.33 by $0.62. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The business had revenue of $18.61 billion for the quarter, compared to analysts’ expectations of $18.45 billion. During the same quarter in the prior year, the firm posted $6.84 earnings per share. The business’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. On average, sell-side analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be paid a $3.45 dividend. This represents a $13.80 annualized dividend and a yield of 3.0%. 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. Lockheed Martin’s payout ratio is presently 77.05%.

Wall Street Analyst Weigh In

Several research firms have commented on LMT. Vertical Research reiterated a “hold” rating and issued a $460.00 target price on shares of Lockheed Martin in a research report on Tuesday, July 22nd. Royal Bank Of Canada upped their price objective on Lockheed Martin from $440.00 to $525.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 7th. Truist Financial lifted their target price on shares of Lockheed Martin from $440.00 to $500.00 and gave the stock a “hold” rating in a research report on Wednesday, October 15th. Weiss Ratings restated a “hold (c)” rating on shares of Lockheed Martin in a research report on Wednesday, October 8th. Finally, Bank of America reduced their price objective on shares of Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating on the stock in a research note on Thursday, August 21st. One equities research 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. Based on data from MarketBeat.com, Lockheed Martin currently has an average rating of “Hold” and an average target price of $513.47.

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.