1,268 Lockheed Martin Corporation $LMT Shares Purchased by CFM Wealth Partners LLC

CFM Wealth Partners LLC grew its stake in Lockheed Martin Corporation (NYSE:LMT) by 164.5% during the third quarter, Holdings Channel reports. The firm owned 2,039 shares of the aerospace company’s stock after purchasing an additional 1,268 shares during the period. CFM Wealth Partners LLC’s holdings in Lockheed Martin were worth $1,038,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Maryland State Retirement & Pension System boosted its position in shares of Lockheed Martin by 11.8% during the third quarter. Maryland State Retirement & Pension System now owns 12,327 shares of the aerospace company’s stock valued at $6,278,000 after buying an additional 1,302 shares during the last quarter. Ritholtz Wealth Management raised its position in Lockheed Martin by 3.2% in the 3rd quarter. Ritholtz Wealth Management now owns 8,795 shares of the aerospace company’s stock valued at $4,479,000 after buying an additional 275 shares during the last quarter. UNIVEST FINANCIAL Corp raised its position in Lockheed Martin by 1.3% in the 3rd quarter. UNIVEST FINANCIAL Corp now owns 8,717 shares of the aerospace company’s stock valued at $4,439,000 after buying an additional 111 shares during the last quarter. Jacobi Capital Management LLC raised its position in Lockheed Martin by 0.3% in the 3rd quarter. Jacobi Capital Management LLC now owns 8,511 shares of the aerospace company’s stock valued at $4,334,000 after buying an additional 22 shares during the last quarter. Finally, Silver Grove Financial Group Inc. lifted its stake in Lockheed Martin by 33.3% during the 3rd quarter. Silver Grove Financial Group Inc. now owns 232 shares of the aerospace company’s stock valued at $118,000 after acquiring an additional 58 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

More Lockheed Martin News

Investors following LMT have been watching these news items:

• Positive Sentiment: Lockheed Martin says it has delivered 100,000 Guided Multiple Launch Rocket System (GMLRS) rockets and is expanding production. A successful ground test of a new General Dynamics solid rocket motor is another step toward faster output, with qualification targeted for 2027. The milestone supports the company’s ability to meet missile demand. More Rockets, Faster: Lockheed Martin Reaches Major GMLRS Production Milestone
• Positive Sentiment: Recent commentary points to a record $292 billion backlog, existing contracts and an F-35 framework that supports planning and investment. Those factors provide revenue visibility despite debate over next year’s defense budget. Lockheed Martin Stock (LMT) Looks Attractive Despite the Budget Debate
• Positive Sentiment: Coverage of Lockheed Martin’s October rally cites strong third-quarter results and longer-term F-35 and missile demand, along with long-term procurement agreements with the Department of Defense. This reinforces the favorable earnings and demand outlook, though it largely reflects previously reported news. Why Lockheed Martin Rallied in October

Wall Street Analyst Weigh In

LMT has been the topic of a number of analyst reports. Rothschild & Co Redburn initiated coverage on shares of Lockheed Martin in a report on Tuesday, October 6th. They set a “buy” rating and a $650.00 price objective on the stock. Jefferies Financial Group reiterated a “hold” rating and issued a $615.00 target price on shares of Lockheed Martin in a research note on Sunday, October 25th. Wall Street Zen downgraded shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 17th. Weiss Ratings raised shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 9th. Finally, Royal Bank Of Canada raised their price target on shares of Lockheed Martin from $550.00 to $600.00 and gave the company a “sector perform” rating in a research report on Friday, October 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $647.00.

Lockheed Martin Price Performance

Shares of NYSE LMT opened at $608.94 on Thursday. The stock has a fifty day simple moving average of $550.90 and a two-hundred day simple moving average of $569.81. Lockheed Martin Corporation has a 1-year low of $437.25 and a 1-year high of $692.00. The firm has a market cap of $140.67 billion, a price-to-earnings ratio of 20.25, a price-to-earnings-growth ratio of 1.28 and a beta of 0.07. The company has a current ratio of 1.26, a quick ratio of 1.10 and a debt-to-equity ratio of 2.04.

Lockheed Martin (NYSE:LMT) last released its earnings results on Thursday, October 22nd. The aerospace company reported $7.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.52 by $0.45. The business had revenue of $20.71 billion during the quarter, compared to the consensus estimate of $20.48 billion. Lockheed Martin had a return on equity of 83.41% and a net margin of 8.23%. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period last year, the business posted $6.95 earnings per share. Analysts anticipate that Lockheed Martin Corporation will post 30.66 earnings per share for the current year.

Lockheed Martin Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 1st will be paid a dividend of $3.60 per share. This represents a $14.40 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Tuesday, December 1st. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.45. Lockheed Martin’s dividend payout ratio is currently 49.02%.

Lockheed Martin Company 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.