Lockheed Martin Corporation $LMT Stock: Prosperitas Financial LLC Increases Stake

Prosperitas Financial LLC raised its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 8.6% during the third quarter, Holdings Channel reports. The firm owned 10,371 shares of the aerospace company’s stock after buying an additional 825 shares during the quarter. Lockheed Martin makes up approximately 1.6% of Prosperitas Financial LLC’s portfolio, making the stock its 27th biggest position. Prosperitas Financial LLC’s holdings in Lockheed Martin were worth $5,281,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Norris Financial Group LLC purchased a new stake in shares of Lockheed Martin in the 1st quarter worth about $2,321,000. CX Institutional lifted its holdings in shares of Lockheed Martin by 527.4% during the third quarter. CX Institutional now owns 18,415 shares of the aerospace company’s stock valued at $9,378,000 after purchasing an additional 15,480 shares during the last quarter. Talon Private Wealth LLC purchased a new position in shares of Lockheed Martin during the first quarter valued at approximately $3,743,000. Meeder Asset Management Inc. bought a new stake in shares of Lockheed Martin in the 2nd quarter worth approximately $11,036,000. Finally, OneDigital Investment Advisors LLC bought a new stake in shares of Lockheed Martin in the 2nd quarter worth approximately $4,796,000. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Stock Performance

Shares of LMT opened at $637.60 on Friday. The firm has a market capitalization of $147.29 billion, a P/E ratio of 22.65, a PEG ratio of 1.37 and a beta of 0.09. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.26 and a quick ratio of 1.10. Lockheed Martin Corporation has a one year low of $437.25 and a one year high of $692.00. The business has a fifty day moving average of $544.17 and a 200 day moving average of $568.87.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Thursday, October 22nd. The aerospace company reported $7.97 earnings per share for the quarter, beating analysts’ consensus estimates of $7.52 by $0.45. The company had revenue of $20.71 billion for the quarter, compared to the consensus estimate of $20.48 billion. Lockheed Martin had a return on equity of 83.41% and a net margin of 8.23%. Lockheed Martin’s revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.95 earnings per share. As a group, sell-side analysts anticipate that Lockheed Martin Corporation will post 30.59 EPS for the current year.

Lockheed Martin Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 1st will be given a dividend of $3.60 per share. This represents a $14.40 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, December 1st. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.45. Lockheed Martin’s payout ratio is currently 49.02%.

Analyst Upgrades and Downgrades

LMT has been the topic of several recent research reports. TD Cowen cut their price target on Lockheed Martin from $600.00 to $570.00 and set a “hold” rating on the stock in a research note on Friday, October 9th. JPMorgan Chase & Co. lifted their price objective on Lockheed Martin from $620.00 to $665.00 and gave the company a “neutral” rating in a research note on Monday, October 26th. Weiss Ratings raised Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 9th. Royal Bank Of Canada raised their price target on Lockheed Martin from $550.00 to $600.00 and gave the company a “sector perform” rating in a report on Friday, October 23rd. Finally, Bank of America reaffirmed a “neutral” rating and issued a $620.00 price target on shares of Lockheed Martin in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Lockheed Martin has a consensus rating of “Moderate Buy” and an average price target of $638.05.

Key Headlines Impacting Lockheed Martin

Here are the key news stories impacting Lockheed Martin this week:

• Positive Sentiment: The U.S. State Department approved a possible $2.1 billion Patriot missile package for Ukraine, naming Lockheed Martin as the principal contractor. The package includes 500 PAC-3 MSE interceptors, spare parts, logistics and support, and will be financed by allied and Ukrainian funds rather than direct U.S. funding. The sale could add to LMT’s missile backlog, although no delivery schedule was provided. U.S. approves $2.1 billion Patriot missile sale to Ukraine
• Positive Sentiment: Recent coverage highlights Lockheed Martin’s record $292 billion backlog, continued F-35 production at 156 aircraft annually and a 10-year F-35 agreement with the Pentagon. These developments improve long-term revenue visibility and support the case for sustained military demand. Lockheed Martin long-term investor takeaways
• Positive Sentiment: Analysts and investors are also encouraged by potentially better Department of Defense contract terms, with higher-margin Missiles and Fire Control activities expected to improve profitability and reduce development and execution risk. Lockheed Martin backlog analysis
• Neutral Sentiment: Analysts remain divided on LMT versus faster-growing defense companies such as Kratos Defense. While the backlog and F-35 progress are favorable, valuation, cash generation and uncertainty over future U.S. defense budgets remain key considerations. Kratos Defense versus Lockheed Martin analysis
• Negative Sentiment: After a roughly 27% October rally, some investors may be taking profits. Coverage also flags gradually weakening margins and warns that management’s January update on profitability and execution could determine whether the recent advance is sustainable. Lockheed Martin October rally analysis

About Lockheed Martin

Lockheed Martin Corporation is a global security and aerospace company headquartered in Bethesda, Maryland. Formed in 1995 through the merger of Lockheed Corporation and Martin Marietta, the company develops and produces advanced defense, aerospace, and technology systems for government and commercial customers.

Its principal business areas include Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. Products and services include military aircraft such as the F-35 Lightning II, C-130 Hercules, and F-16 Fighting Falcon; missile-defense and precision-strike systems; helicopters and naval systems; command, control, communications, and intelligence technologies; satellites; space exploration systems; and other classified space and defense programs.

Lockheed Martin serves the U.S.