Anchor Capital Advisors LLC Increases Holdings in Lockheed Martin Corporation $LMT

Anchor Capital Advisors LLC grew its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 21.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,304 shares of the aerospace company’s stock after buying an additional 5,478 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Lockheed Martin were worth $14,498,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Resona Asset Management Co. Ltd. grew its holdings in Lockheed Martin by 3.4% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 76,445 shares of the aerospace company’s stock valued at $35,357,000 after purchasing an additional 2,540 shares during the last quarter. Atlantic Union Bankshares Corp grew its holdings in Lockheed Martin by 57.8% during the 2nd quarter. Atlantic Union Bankshares Corp now owns 13,126 shares of the aerospace company’s stock valued at $6,079,000 after purchasing an additional 4,809 shares during the last quarter. Convergence Financial LLC grew its holdings in Lockheed Martin by 6.3% during the 2nd quarter. Convergence Financial LLC now owns 1,711 shares of the aerospace company’s stock valued at $792,000 after purchasing an additional 102 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in Lockheed Martin by 3.6% during the 2nd quarter. First Horizon Advisors Inc. now owns 77,098 shares of the aerospace company’s stock valued at $35,707,000 after purchasing an additional 2,710 shares during the last quarter. Finally, Csenge Advisory Group grew its holdings in Lockheed Martin by 1.3% during the 2nd quarter. Csenge Advisory Group now owns 5,823 shares of the aerospace company’s stock valued at $2,809,000 after purchasing an additional 77 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors.

Insider Activity

In other news, COO John Frank A. St sold 7,792 shares of the stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.14% of the company’s stock.

Lockheed Martin Price Performance

NYSE LMT opened at $473.56 on Thursday. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.97 and a current ratio of 1.13. The firm’s 50 day moving average price is $483.68 and its 200-day moving average price is $467.50. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $576.43. The company has a market cap of $109.58 billion, a PE ratio of 26.44, a P/E/G ratio of 1.69 and a beta of 0.25.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $18.45 billion. During the same period last year, the firm earned $6.84 earnings per share. The company’s quarterly 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. Sell-side analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st will be paid a dividend of $3.45 per share. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Monday, December 1st. Lockheed Martin’s payout ratio is 77.05%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. TD Cowen reiterated a “hold” rating and set a $480.00 price target (down from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. JPMorgan Chase & Co. dropped their target price on shares of Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft set a $519.00 target price on shares of Lockheed Martin and gave the stock a “hold” rating in a research note on Wednesday, October 8th. Truist Financial upped their target price on shares of Lockheed Martin from $440.00 to $500.00 and gave the stock a “hold” rating in a research note on Wednesday, October 15th. Finally, Wall Street Zen upgraded shares of Lockheed Martin from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Lockheed Martin currently has an average rating of “Hold” and an average target price of $513.47.

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.