Lockheed Martin Corporation $LMT Shares Purchased by Osaic Holdings Inc.

Osaic Holdings Inc. boosted its position in Lockheed Martin Corporation (NYSE:LMT) by 1.4% in the 2nd quarter, Holdings Channel reports. The fund owned 129,577 shares of the aerospace company’s stock after purchasing an additional 1,830 shares during the period. Osaic Holdings Inc.’s holdings in Lockheed Martin were worth $60,047,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Investment Advisory Services Inc. TX ADV boosted its holdings in shares of Lockheed Martin by 4.7% during the second quarter. Investment Advisory Services Inc. TX ADV now owns 486 shares of the aerospace company’s stock worth $225,000 after purchasing an additional 22 shares during the last quarter. Broadway Wealth Solutions Inc. lifted its position in Lockheed Martin by 4.5% during the second quarter. Broadway Wealth Solutions Inc. now owns 511 shares of the aerospace company’s stock worth $237,000 after buying an additional 22 shares during the period. Davis Investment Partners LLC boosted its stake in Lockheed Martin by 2.0% in the 2nd quarter. Davis Investment Partners LLC now owns 1,168 shares of the aerospace company’s stock worth $544,000 after buying an additional 23 shares during the last quarter. Aaron Wealth Advisors LLC grew its holdings in Lockheed Martin by 1.1% in the 2nd quarter. Aaron Wealth Advisors LLC now owns 2,125 shares of the aerospace company’s stock valued at $984,000 after buying an additional 23 shares during the period. Finally, Pachira Investments Inc. increased its stake in shares of Lockheed Martin by 0.5% during the 2nd quarter. Pachira Investments Inc. now owns 4,838 shares of the aerospace company’s stock valued at $2,241,000 after acquiring an additional 23 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Price Performance

Lockheed Martin stock opened at $484.32 on Tuesday. The firm has a fifty day moving average of $475.43 and a 200-day moving average of $465.65. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $516.00. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 3.32. The firm has a market capitalization of $112.07 billion, a P/E ratio of 27.04, a PEG ratio of 1.45 and a beta of 0.24.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share for the quarter, topping 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 firm had revenue of $18.61 billion during the quarter, compared to analysts’ expectations of $18.45 billion. During the same period in the prior year, the company earned $6.84 EPS. The firm’s revenue was up 8.8% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. As a group, analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st will be paid a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.8%. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.30. The ex-dividend date is Monday, December 1st. Lockheed Martin’s payout ratio is 77.05%.

Insider Activity at Lockheed Martin

In related news, COO John Frank A. St sold 7,792 shares of the firm’s stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $491.04, for a total transaction of $3,826,183.68. Following the sale, the chief operating officer directly owned 1 shares in the company, valued at approximately $491.04. This trade represents a 99.99% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. BNP Paribas Exane began coverage on shares of Lockheed Martin in a report on Tuesday, November 18th. They set an “outperform” rating and a $550.00 price objective on the stock. BNP Paribas raised shares of Lockheed Martin to a “strong-buy” rating in a research report on Tuesday, November 18th. Morgan Stanley lifted their price target on shares of Lockheed Martin from $530.00 to $630.00 and gave the company an “overweight” rating in a report on Wednesday, October 15th. Citigroup assumed coverage on shares of Lockheed Martin in a research note on Thursday. They set a “neutral” rating and a $505.00 price objective for the company. Finally, Robert W. Baird increased their target price on Lockheed Martin from $500.00 to $550.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Lockheed Martin has an average rating of “Hold” and an average target price of $508.72.

Lockheed Martin 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.