3,070 Lockheed Martin Corporation $LMT Shares Bought by Lmcg Investments LLC

Key Points

• Lmcg Investments increased its Lockheed Martin stake by 38.1% in the third quarter, purchasing 3,070 shares and bringing its holdings to 11,132 shares valued at approximately $5.67 million. Institutional investors collectively own 74.19% of the company.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $627.10, although several firms recently lowered targets. Lockheed’s shares opened at $551.76, well below the 52-week high of $692.
• Lockheed reported quarterly EPS and revenue above expectations and raised its quarterly dividend from $3.45 to $3.60 per share, equivalent to an annualized $14.40 dividend and a 2.6% yield.

Lmcg Investments LLC grew its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 38.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,132 shares of the aerospace company's stock after purchasing an additional 3,070 shares during the quarter. Lmcg Investments LLC's holdings in Lockheed Martin were worth $5,669,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of LMT. Foster Victor Wealth Advisors LLC lifted its stake in Lockheed Martin by 5.2% during the third quarter. Foster Victor Wealth Advisors LLC now owns 35,024 shares of the aerospace company's stock worth $19,201,000 after purchasing an additional 1,735 shares during the last quarter. Vest Financial LLC boosted its holdings in Lockheed Martin by 1.4% in the third quarter. Vest Financial LLC now owns 7,400 shares of the aerospace company's stock valued at $3,768,000 after purchasing an additional 105 shares in the last quarter. Cantor Fitzgerald Investment Advisors L.P. boosted its holdings in Lockheed Martin by 2.6% in the third quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 20,217 shares of the aerospace company's stock valued at $10,296,000 after purchasing an additional 505 shares in the last quarter. Magnus Financial Group LLC increased its stake in Lockheed Martin by 1.8% in the third quarter. Magnus Financial Group LLC now owns 5,807 shares of the aerospace company's stock valued at $2,957,000 after purchasing an additional 102 shares during the last quarter. Finally, Trifecta Capital Advisors LLC increased its stake in Lockheed Martin by 1.2% in the third quarter. Trifecta Capital Advisors LLC now owns 11,407 shares of the aerospace company's stock valued at $5,809,000 after purchasing an additional 133 shares during the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Robert W. Baird set a $700.00 price objective on shares of Lockheed Martin in a report on Friday, July 24th. Barclays assumed coverage on shares of Lockheed Martin in a research report on Friday, October 9th. They set an "equal weight" rating and a $554.00 price objective for the company. TD Cowen lowered their target price on shares of Lockheed Martin from $600.00 to $570.00 and set a "hold" rating for the company in a report on Friday, October 9th. Sanford C. Bernstein dropped their target price on shares of Lockheed Martin from $629.00 to $564.00 and set a "market perform" rating on the stock in a research report on Wednesday, October 14th. Finally, UBS Group reaffirmed a "buy" rating and issued a $653.00 target price on shares of Lockheed Martin in a research report on Friday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $627.10.

Lockheed Martin News Roundup

Here are the key news stories impacting Lockheed Martin this week:

• Positive Sentiment: Lockheed’s role in missile-defense expansion was highlighted by a seven-year, $218 million agreement with Karman Space & Defense to supply THAAD missile shrouds. The contract supports production visibility across Lockheed’s supply chain and underscores sustained Pentagon demand for interceptors. Intercepting Growth: Karman Secures $218M Lockheed Martin Deal
• Positive Sentiment: Lockheed is also expanding munitions manufacturing capacity with Hadrian, potentially helping address constrained production and replenish allied inventories. The broader defense sector is benefiting from increased government spending and multiyear procurement programs. Inside the Lockheed-Hadrian deal promising more munitions
• Positive Sentiment: Analysts expect quarterly earnings of approximately $7.52 per share on $20.46 billion in revenue. Investors are looking for another strong result, backlog commentary and confirmation of full-year guidance after Lockheed previously reported substantial earnings and revenue growth. Lockheed Martin Q3 Preview
• Neutral Sentiment: Lockheed’s free-cash-flow yield and dividend profile may attract income-oriented investors, particularly as the shares trade well below their highs. However, the market appears to be weighing that cash generation against concerns that growth could moderate. Why Is Everyone Ignoring Lockheed Martin Stock’s High Cash Yield?
• Negative Sentiment: Key risks include political uncertainty around defense budgets, rising competition and the possibility that a record backlog will take longer to convert into profitable cash flow. These concerns have contributed to LMT’s pullback from its 52-week high. Lockheed Martin stock flashes a risky pattern

Lockheed Martin Stock Up 0.6%

Lockheed Martin stock opened at $551.76 on Thursday. Lockheed Martin Corporation has a fifty-two week low of $437.25 and a fifty-two week high of $692.00. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.01 and a current ratio of 1.19. The company has a market capitalization of $127.34 billion, a P/E ratio of 20.34, a PEG ratio of 1.18 and a beta of 0.09. The stock has a 50-day simple moving average of $538.78 and a 200-day simple moving average of $542.10.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $7.22 by $0.72. The firm had revenue of $20.06 billion during the quarter, compared to analysts' expectations of $19.34 billion. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%. The business's revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.46 EPS. Equities research analysts expect that Lockheed Martin Corporation will post 30.43 earnings per share for the current year.

Lockheed Martin Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 1st will be paid a $3.60 dividend. This is an increase from Lockheed Martin's previous quarterly dividend of $3.45. This represents a $14.40 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Tuesday, December 1st. Lockheed Martin's dividend payout ratio (DPR) is presently 50.87%.

Lockheed Martin Profile

Lockheed Martin Corporation is a global security and aerospace company headquartered in Bethesda, Maryland. Formed in 1995 through the merger of Lockheed Corporation and Martin Marietta, the company develops and produces advanced defense, aerospace, and technology systems for government and commercial customers.

Its principal business areas include Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. Products and services include military aircraft such as the F-35 Lightning II, C-130 Hercules, and F-16 Fighting Falcon; missile-defense and precision-strike systems; helicopters and naval systems; command, control, communications, and intelligence technologies; satellites; space exploration systems; and other classified space and defense programs.

Lockheed Martin serves the U.S.

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