Paradiem LLC Acquires New Position in Lockheed Martin Corporation $LMT

Paradiem LLC bought a new position in Lockheed Martin Corporation (NYSE:LMT) in the third quarter, according to its most recent filing with the SEC. The firm bought 32,302 shares of the aerospace company’s stock, valued at approximately $16,125,000. Lockheed Martin makes up 3.8% of Paradiem LLC’s investment portfolio, making the stock its 4th largest position.

Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC raised its stake in Lockheed Martin by 5.0% in the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock worth $1,941,000 after acquiring an additional 191 shares during the last quarter. Magnetar Financial LLC purchased a new stake in Lockheed Martin during the 1st quarter valued at about $5,624,000. Vident Advisory LLC increased its holdings in shares of Lockheed Martin by 70.8% in the first quarter. Vident Advisory LLC now owns 12,727 shares of the aerospace company’s stock valued at $5,686,000 after purchasing an additional 5,277 shares during the period. Pinnacle Wealth Planning Services Inc. raised its stake in shares of Lockheed Martin by 3.3% in the first quarter. Pinnacle Wealth Planning Services Inc. now owns 882 shares of the aerospace company’s stock worth $394,000 after purchasing an additional 28 shares during the last quarter. Finally, Centric Wealth Management lifted its holdings in shares of Lockheed Martin by 58.2% during the first quarter. Centric Wealth Management now owns 4,813 shares of the aerospace company’s stock worth $2,150,000 after purchasing an additional 1,770 shares during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

LMT has been the topic of a number of recent research reports. BNP Paribas Exane initiated coverage on Lockheed Martin in a research report on Tuesday, November 18th. They issued an “outperform” rating and a $550.00 target price on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Lockheed Martin in a research note on Wednesday, October 8th. Morgan Stanley reiterated an “equal weight” rating and issued a $543.00 price objective (down previously from $630.00) on shares of Lockheed Martin in a research note on Tuesday, December 16th. Susquehanna raised their target price on shares of Lockheed Martin from $490.00 to $590.00 and gave the stock a “positive” rating in a report on Thursday, October 9th. Finally, Royal Bank Of Canada upped their price target on shares of Lockheed Martin from $440.00 to $525.00 and gave the company a “sector perform” rating in a report on Tuesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, eighteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Lockheed Martin has a consensus rating of “Hold” and an average target price of $506.67.

Insider Buying and Selling at Lockheed Martin

In related news, COO John Frank A. St sold 7,792 shares of the company’s stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $491.04, for a total value of $3,826,183.68. Following the completion of the transaction, the chief operating officer owned 1 shares of the company’s stock, valued at approximately $491.04. This represents a 99.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

Lockheed Martin Price Performance

NYSE:LMT opened at $483.14 on Friday. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.13 and a quick ratio of 0.97. The company has a 50 day moving average price of $471.07 and a 200-day moving average price of $465.72. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $516.00. The firm has a market cap of $111.80 billion, a price-to-earnings ratio of 26.98, a price-to-earnings-growth ratio of 1.46 and a beta of 0.24.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, beating the consensus estimate of $6.33 by $0.62. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The company had revenue of $18.61 billion for the quarter, compared to analyst estimates of $18.45 billion. During the same quarter last year, the business earned $6.84 earnings per share. 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. Equities research analysts forecast 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. Investors of record on Monday, December 1st will be paid a $3.45 dividend. The ex-dividend date is Monday, December 1st. This represents a $13.80 annualized dividend and a dividend yield of 2.9%. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s dividend payout ratio (DPR) is presently 77.05%.

Lockheed Martin Company Profile

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.