Arrowroot Family Office LLC Invests $277,000 in Lockheed Martin Corporation $LMT

Arrowroot Family Office LLC purchased a new position in shares of Lockheed Martin Corporation (NYSE:LMT) in the second quarter, Holdings Channel.com reports. The fund purchased 598 shares of the aerospace company’s stock, valued at approximately $277,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in LMT. Entropy Technologies LP increased its holdings in Lockheed Martin by 410.2% in the 1st quarter. Entropy Technologies LP now owns 17,626 shares of the aerospace company’s stock valued at $7,874,000 after purchasing an additional 14,171 shares during the last quarter. PTM Wealth Management LLC acquired a new stake in Lockheed Martin in the 1st quarter valued at approximately $377,000. Empowered Funds LLC increased its holdings in Lockheed Martin by 21.2% in the 1st quarter. Empowered Funds LLC now owns 40,380 shares of the aerospace company’s stock valued at $18,038,000 after purchasing an additional 7,052 shares during the last quarter. Founders Capital Management increased its holdings in Lockheed Martin by 46.9% in the 2nd quarter. Founders Capital Management now owns 14,568 shares of the aerospace company’s stock valued at $6,747,000 after purchasing an additional 4,648 shares during the last quarter. Finally, Financial Gravity Asset Management Inc. acquired a new stake in Lockheed Martin in the 1st quarter valued at approximately $413,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Analyst Upgrades and Downgrades

LMT has been the subject of several research reports. The Goldman Sachs Group lifted their target price on shares of Lockheed Martin from $398.00 to $425.00 and gave the company a “sell” rating in a report on Friday, October 10th. JPMorgan Chase & Co. dropped their target price on shares of Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating for the company in a report on Wednesday, July 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Lockheed Martin in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft set a $519.00 target price on shares of Lockheed Martin and gave the company a “hold” rating in a report on Wednesday, October 8th. Finally, Alembic Global Advisors upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a report on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $513.47.

Insider Activity

In other news, COO John Frank A. St sold 7,792 shares of Lockheed Martin stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $491.04, for a total transaction of $3,826,183.68. Following the completion of the sale, the chief operating officer directly owned 1 shares of the company’s stock, valued at approximately $491.04. The trade was a 99.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.14% of the company’s stock.

Lockheed Martin Stock Performance

NYSE:LMT opened at $485.00 on Wednesday. The company has a fifty day simple moving average of $483.29 and a two-hundred day simple moving average of $467.46. The company has a market cap of $112.23 billion, a price-to-earnings ratio of 27.08, a price-to-earnings-growth ratio of 1.69 and a beta of 0.28. The company has a quick ratio of 0.97, a current ratio of 1.13 and a debt-to-equity ratio of 3.32. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $576.43.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, topping the consensus estimate of $6.33 by $0.62. The business had revenue of $18.61 billion during the quarter, compared to the consensus estimate of $18.45 billion. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $6.84 earnings per share. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. As a group, equities analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

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

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.