Lockheed Martin Corporation $LMT Position Raised by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC grew its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 10.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 15,369 shares of the aerospace company’s stock after purchasing an additional 1,395 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Lockheed Martin were worth $7,118,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Mid American Wealth Advisory Group Inc. acquired a new stake in Lockheed Martin in the 2nd quarter valued at about $28,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Lockheed Martin in the 2nd quarter worth approximately $29,000. Frazier Financial Advisors LLC bought a new stake in shares of Lockheed Martin in the 2nd quarter worth approximately $34,000. MTM Investment Management LLC acquired a new stake in Lockheed Martin during the second quarter valued at approximately $36,000. Finally, Kilter Group LLC bought a new stake in Lockheed Martin during the second quarter worth approximately $40,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Price Performance

Shares of LMT stock opened at $480.03 on Monday. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $516.00. The company has a market capitalization of $111.08 billion, a P/E ratio of 26.80, a P/E/G ratio of 1.45 and a beta of 0.24. The stock has a 50 day moving average of $476.03 and a two-hundred day moving average of $465.58. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 3.32.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share 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 business had revenue of $18.61 billion for the quarter, compared to analysts’ expectations of $18.45 billion. During the same quarter in the previous year, the firm posted $6.84 earnings per share. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. As a group, equities analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be issued a $3.45 dividend. This is a positive change 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 of this dividend is Monday, December 1st. Lockheed Martin’s dividend payout ratio (DPR) is presently 77.05%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on LMT shares. 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 report on Monday, October 6th. Deutsche Bank Aktiengesellschaft reduced their price objective on Lockheed Martin from $517.00 to $492.00 and set a “hold” rating for the company in a research report on Wednesday, December 10th. Alembic Global Advisors upgraded shares of Lockheed Martin from a “neutral” rating to an “overweight” rating in a report on Thursday, August 28th. Susquehanna boosted their price target on Lockheed Martin from $490.00 to $590.00 and gave the stock a “positive” rating in a research report on Thursday, October 9th. Finally, Sanford C. Bernstein increased their price objective on Lockheed Martin from $497.00 to $545.00 and gave the company a “market perform” rating in a report on Monday, October 20th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $508.72.

Insider Activity

In related news, COO John Frank A. St sold 7,792 shares of the company’s stock in a transaction dated 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 owned 1 shares in the company, valued at $491.04. This represents a 99.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is owned by corporate insiders.

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.