Stone House Investment Management LLC Purchases 130 Shares of Lockheed Martin Corporation $LMT

Stone House Investment Management LLC increased its position in Lockheed Martin Corporation (NYSE:LMT) by 288.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 175 shares of the aerospace company’s stock after purchasing an additional 130 shares during the quarter. Stone House Investment Management LLC’s holdings in Lockheed Martin were worth $81,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. 49 Wealth Management LLC boosted its holdings in Lockheed Martin by 3.4% during the first quarter. 49 Wealth Management LLC now owns 661 shares of the aerospace company’s stock worth $295,000 after buying an additional 22 shares during the last quarter. Tyler Stone Wealth Management increased its stake in shares of Lockheed Martin by 3.3% in the 1st quarter. Tyler Stone Wealth Management now owns 684 shares of the aerospace company’s stock valued at $306,000 after acquiring an additional 22 shares during the last quarter. Investment Advisory Services Inc. TX ADV raised its position in shares of Lockheed Martin by 4.7% in the 2nd quarter. Investment Advisory Services Inc. TX ADV now owns 486 shares of the aerospace company’s stock valued at $225,000 after acquiring an additional 22 shares during the period. Broadway Wealth Solutions Inc. boosted its stake in Lockheed Martin by 4.5% during the 2nd quarter. Broadway Wealth Solutions Inc. now owns 511 shares of the aerospace company’s stock worth $237,000 after acquiring an additional 22 shares during the last quarter. Finally, Smith Thornton Advisors LLC grew its holdings in Lockheed Martin by 2.8% during the first quarter. Smith Thornton Advisors LLC now owns 837 shares of the aerospace company’s stock valued at $374,000 after purchasing an additional 23 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Lockheed Martin news, COO John Frank A. St sold 7,792 shares of the firm’s stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $491.04, for a total value of $3,826,183.68. Following the transaction, the chief operating officer directly owned 1 shares of the company’s stock, valued at $491.04. This trade represents a 99.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is owned by corporate insiders.

Lockheed Martin Stock Performance

Shares of 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 stock has a 50 day moving average price of $483.68 and a 200 day moving average price of $467.50. The stock has a market capitalization of $109.58 billion, a PE ratio of 26.44, a price-to-earnings-growth ratio of 1.69 and a beta of 0.25. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $576.43.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $6.95 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 company had revenue of $18.61 billion during the quarter, compared to the consensus estimate of $18.45 billion. During the same quarter last year, the firm posted $6.84 EPS. 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. Analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st will be issued 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 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, December 1st. Lockheed Martin’s payout ratio is 77.05%.

Wall Street Analysts Forecast Growth

LMT has been the subject of several research analyst reports. Bank of America decreased their price target on shares of Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a report on Thursday, August 21st. Sanford C. Bernstein increased their price target on Lockheed Martin from $497.00 to $545.00 and gave the stock a “market perform” rating in a report on Monday, October 20th. JPMorgan Chase & Co. dropped their price target on Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 23rd. The Goldman Sachs Group boosted their price objective on Lockheed Martin from $398.00 to $425.00 and gave the company a “sell” rating in a research report on Friday, October 10th. Finally, Cowen downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $513.47.

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.