Rep. Jefferson Shreve Sells Lockheed Martin Corporation (NYSE:LMT) Shares

Representative Jefferson Shreve (R-Indiana) recently sold shares of Lockheed Martin Corporation NYSE: LMT. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in Lockheed Martin stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

Lockheed Martin Price Performance

Lockheed Martin stock traded up $1.38 during mid-day trading on Thursday, reaching $420.77. 3,080,385 shares of the company's stock traded hands, compared to its average volume of 1,664,644. The stock has a 50 day moving average of $467.58 and a two-hundred day moving average of $463.32. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $618.95. The company has a quick ratio of 0.91, a current ratio of 0.98 and a debt-to-equity ratio of 3.47. The company has a market cap of $98.59 billion, a price-to-earnings ratio of 23.69, a PEG ratio of 1.79 and a beta of 0.28.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.57 by $0.72. The company had revenue of $18.16 billion during the quarter, compared to analysts' expectations of $18.59 billion. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The firm's quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the company earned $7.11 EPS. Equities analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be paid a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin's payout ratio is 57.02%.

Institutional Trading of Lockheed Martin

Institutional investors have recently made changes to their positions in the company. Lester Murray Antman dba SimplyRich boosted its position in shares of Lockheed Martin by 1.4% during the 2nd quarter. Lester Murray Antman dba SimplyRich now owns 3,195 shares of the aerospace company's stock valued at $1,479,000 after acquiring an additional 45 shares during the last quarter. Lindenwold Advisors INC grew its position in Lockheed Martin by 2.0% in the 2nd quarter. Lindenwold Advisors INC now owns 3,340 shares of the aerospace company's stock valued at $1,547,000 after acquiring an additional 65 shares in the last quarter. Trust Co. of Toledo NA OH boosted its position in Lockheed Martin by 1.3% in the 2nd quarter. Trust Co. of Toledo NA OH now owns 11,153 shares of the aerospace company's stock valued at $5,165,000 after buying an additional 147 shares during the period. Bernard Wealth Management Corp. increased its holdings in Lockheed Martin by 251.9% during the 2nd quarter. Bernard Wealth Management Corp. now owns 95 shares of the aerospace company's stock worth $44,000 after purchasing an additional 68 shares during the period. Finally, Aberdeen Group plc lifted its stake in Lockheed Martin by 6.6% in the second quarter. Aberdeen Group plc now owns 22,028 shares of the aerospace company's stock worth $10,202,000 after acquiring an additional 1,370 shares during the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Wall Street Zen cut Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 3rd. UBS Group decreased their price target on shares of Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating for the company in a research report on Wednesday. JPMorgan Chase & Co. cut their price objective on shares of Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating on the stock in a research report on Wednesday. Truist Financial downgraded Lockheed Martin from a "buy" rating to a "hold" rating and reduced their price target for the stock from $554.00 to $440.00 in a research report on Wednesday. Finally, Morgan Stanley raised Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 price objective for the company in a research report on Wednesday, April 16th. Fourteen investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Lockheed Martin has an average rating of "Hold" and an average target price of $506.65.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.