Rep. Gilbert Ray Cisneros, Jr. Purchases Shares of Lockheed Martin Co. (NYSE:LMT)

Representative Gilbert Ray Cisneros, Jr. (D-California) recently bought shares of Lockheed Martin Co. (NYSE:LMT). In a filing disclosed on May 06th, the Representative disclosed that they had bought between $1,001 and $15,000 in Lockheed Martin stock on April 29th. The trade occurred in the Representative's "150 MAIN STREET TRUST > BANK OF AMERICA" account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Beiersdorf Aktiengesellschaft OTCMKTS: BDRFF on 5/2/2025.
• Purchased $1,001 - $15,000 in shares of Alkami Technology NASDAQ: ALKT on 4/30/2025.
• Purchased $1,001 - $15,000 in shares of Merck & Co., Inc. NYSE: MRK on 4/29/2025.
• Sold $1,001 - $15,000 in shares of DXC Technology NYSE: DXC on 4/29/2025.
• Sold $1,001 - $15,000 in shares of DOW NYSE: DOW on 4/29/2025.
• Sold $1,001 - $15,000 in shares of Zions Bancorporation, National Association NASDAQ: ZION on 4/29/2025.
• Purchased $1,001 - $15,000 in shares of O'Reilly Automotive NASDAQ: ORLY on 4/29/2025.
• Purchased $1,001 - $15,000 in shares of McKesson NYSE: MCK on 4/29/2025.
• Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 4/29/2025.
• Sold $1,001 - $15,000 in shares of Humana NYSE: HUM on 4/29/2025.

Lockheed Martin Stock Down 0.2 %

Shares of NYSE LMT traded down $0.87 during midday trading on Friday, hitting $473.66. 978,811 shares of the company's stock were exchanged, compared to its average volume of 1,268,991. The firm's fifty day simple moving average is $461.84 and its 200-day simple moving average is $482.78. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.13 and a quick ratio of 0.95. The company has a market cap of $110.98 billion, a PE ratio of 21.28, a P/E/G ratio of 2.07 and a beta of 0.29. Lockheed Martin Co. has a twelve month low of $418.88 and a twelve month high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The aerospace company reported $7.28 EPS for the quarter, topping the consensus estimate of $6.34 by $0.94. Lockheed Martin had a net margin of 7.51% and a return on equity of 101.47%. The firm had revenue of $17.96 billion for the quarter, compared to analyst estimates of $17.83 billion. Research analysts predict that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Bank of America lowered shares of Lockheed Martin from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $685.00 to $485.00 in a research report on Monday, March 24th. Robert W. Baird upgraded shares of Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 price objective on the stock in a research note on Wednesday, April 23rd. Wells Fargo & Company lowered their price target on Lockheed Martin from $476.00 to $432.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. StockNews.com cut Lockheed Martin from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 3rd. Finally, Truist Financial initiated coverage on Lockheed Martin in a report on Tuesday, January 14th. They issued a "buy" rating and a $579.00 target price on the stock. Nine investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Lockheed Martin has a consensus rating of "Moderate Buy" and an average target price of $541.80.

Insider Buying and Selling

In related news, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $442.42, for a total transaction of $1,421,495.46. Following the completion of the sale, the insider now directly owns 2,000 shares of the company's stock, valued at approximately $884,840. This represents a 61.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Harry Edward Paul III sold 707 shares of the firm's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total value of $312,925.27. Following the completion of the transaction, the vice president now directly owns 2,278 shares in the company, valued at $1,008,265.58. This trade represents a 23.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,133 shares of company stock worth $3,155,916. 0.14% of the stock is owned by company insiders.

Institutional Trading of Lockheed Martin

A number of large investors have recently made changes to their positions in the stock. Keynote Financial Services LLC grew its holdings in shares of Lockheed Martin by 39.9% during the first quarter. Keynote Financial Services LLC now owns 2,184 shares of the aerospace company's stock worth $976,000 after buying an additional 623 shares in the last quarter. Altfest L J & Co. Inc. raised its holdings in Lockheed Martin by 86.0% in the 1st quarter. Altfest L J & Co. Inc. now owns 4,216 shares of the aerospace company's stock valued at $1,883,000 after acquiring an additional 1,949 shares during the last quarter. Deutsche Bank AG lifted its stake in shares of Lockheed Martin by 27.9% during the 1st quarter. Deutsche Bank AG now owns 788,152 shares of the aerospace company's stock worth $352,075,000 after purchasing an additional 172,065 shares during the period. Chicago Partners Investment Group LLC boosted its holdings in shares of Lockheed Martin by 21.0% during the first quarter. Chicago Partners Investment Group LLC now owns 2,065 shares of the aerospace company's stock worth $973,000 after purchasing an additional 358 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Lockheed Martin by 7.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 8,031,528 shares of the aerospace company's stock valued at $3,587,444,000 after purchasing an additional 560,457 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company's stock.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California's 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California's 31st Congressional District. He declared candidacy for the 2026 election. Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor's degree in political science from George Washington University in 1994, a master's in business administration from Regis University in 2002, and a master's degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

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.