Mackenzie Financial Corp Buys 4,090 Shares of Lockheed Martin Corporation $LMT

Mackenzie Financial Corp raised its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 3.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 140,372 shares of the aerospace company’s stock after purchasing an additional 4,090 shares during the period. Mackenzie Financial Corp owned 0.06% of Lockheed Martin worth $65,012,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Tyler Stone Wealth Management lifted its position in Lockheed Martin by 3.3% in the first quarter. Tyler Stone Wealth Management now owns 684 shares of the aerospace company’s stock worth $306,000 after buying an additional 22 shares during the last quarter. Investment Advisory Services Inc. TX ADV raised its stake in shares of Lockheed Martin by 4.7% in the second 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. raised its stake in shares of Lockheed Martin by 4.5% in the second quarter. Broadway Wealth Solutions Inc. now owns 511 shares of the aerospace company’s stock valued at $237,000 after acquiring an additional 22 shares during the period. Davis Investment Partners LLC lifted its holdings in shares of Lockheed Martin by 2.0% in the 2nd quarter. Davis Investment Partners LLC now owns 1,168 shares of the aerospace company’s stock worth $544,000 after acquiring an additional 23 shares during the last quarter. Finally, Aaron Wealth Advisors LLC boosted its stake in shares of Lockheed Martin by 1.1% during the 2nd quarter. Aaron Wealth Advisors LLC now owns 2,125 shares of the aerospace company’s stock worth $984,000 after purchasing an additional 23 shares during the period. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on LMT shares. Deutsche Bank Aktiengesellschaft set a $519.00 price target on shares of Lockheed Martin and gave the company a “hold” rating in a report on Wednesday, October 8th. Robert W. Baird upped their target price on Lockheed Martin from $500.00 to $550.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. 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. Bank of America decreased their price target on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a research note on Thursday, August 21st. Finally, Susquehanna upped their price objective on Lockheed Martin from $490.00 to $590.00 and gave the company a “positive” rating in a research report on Thursday, October 9th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Lockheed Martin currently has an average rating of “Hold” and an average price target of $515.50.

Lockheed Martin Trading Up 0.7%

Shares of NYSE LMT opened at $457.44 on Friday. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $529.48. The firm has a market cap of $105.85 billion, a PE ratio of 25.54, a price-to-earnings-growth ratio of 1.69 and a beta of 0.25. The business has a fifty day simple moving average of $482.77 and a two-hundred day simple moving average of $466.32. 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 (NYSE:LMT) last posted its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.33 by $0.62. The business had revenue of $18.61 billion for the quarter, compared to the consensus estimate of $18.45 billion. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.The business’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $6.84 EPS. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. Analysts expect 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. Shareholders of record on Monday, December 1st will be issued a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a yield of 3.0%. The ex-dividend date is Monday, December 1st. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s dividend payout ratio (DPR) is currently 77.05%.

Insider Buying and Selling

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

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.