1,268 Lockheed Martin Corporation $LMT Shares Acquired by CFM Wealth Partners LLC

CFM Wealth Partners LLC boosted its position in Lockheed Martin Corporation (NYSE:LMT) by 164.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,039 shares of the aerospace company’s stock after buying an additional 1,268 shares during the period. CFM Wealth Partners LLC’s holdings in Lockheed Martin were worth $1,038,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of LMT. State Street Corp grew its holdings in Lockheed Martin by 1.3% during the 2nd quarter. State Street Corp now owns 32,975,170 shares of the aerospace company’s stock worth $16,799,530,000 after acquiring an additional 419,582 shares during the period. BlackRock Inc. acquired a new position in shares of Lockheed Martin in the 2nd quarter valued at about $9,617,574,000. Corient Private Wealth LP acquired a new position in shares of Lockheed Martin in the 2nd quarter valued at about $101,960,000. Sanders Capital LLC lifted its stake in shares of Lockheed Martin by 44.8% in the 3rd quarter. Sanders Capital LLC now owns 3,030,638 shares of the aerospace company’s stock valued at $1,543,352,000 after purchasing an additional 937,105 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in shares of Lockheed Martin in the 2nd quarter valued at about $645,258,000. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Performance

NYSE LMT opened at $608.94 on Thursday. The company has a market cap of $140.67 billion, a P/E ratio of 20.25, a PEG ratio of 1.28 and a beta of 0.07. The company has a fifty day simple moving average of $550.90 and a 200 day simple moving average of $569.81. The company has a current ratio of 1.26, a quick ratio of 1.10 and a debt-to-equity ratio of 2.04. Lockheed Martin Corporation has a 12-month low of $437.25 and a 12-month high of $692.00.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Thursday, October 22nd. The aerospace company reported $7.97 earnings per share for the quarter, topping the consensus estimate of $7.52 by $0.45. Lockheed Martin had a net margin of 8.23% and a return on equity of 83.41%. The firm had revenue of $20.71 billion for the quarter, compared to the consensus estimate of $20.48 billion. During the same quarter in the prior year, the company posted $6.95 earnings per share. The business’s revenue was up 11.3% on a year-over-year basis. Sell-side analysts predict that Lockheed Martin Corporation will post 30.66 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 1st will be issued a dividend of $3.60 per share. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.45. This represents a $14.40 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Tuesday, December 1st. Lockheed Martin’s dividend payout ratio is 49.02%.

Analyst Ratings Changes

Several equities research analysts recently commented on LMT shares. JPMorgan Chase & Co. upped their target price on Lockheed Martin from $620.00 to $665.00 and gave the company a “neutral” rating in a research report on Monday, October 26th. Jefferies Financial Group reiterated a “hold” rating and issued a $615.00 target price on shares of Lockheed Martin in a report on Sunday, October 25th. Vertical Research raised Lockheed Martin from a “hold” rating to a “buy” rating and set a $600.00 price target on the stock in a research note on Wednesday, October 14th. TD Cowen dropped 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. Finally, Wall Street Zen cut Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 17th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Lockheed Martin has an average rating of “Moderate Buy” and an average price target of $647.00.

Key Stories Impacting Lockheed Martin

Investors following LMT have been watching these stories:

• Positive Sentiment: Lockheed Martin says it has delivered 100,000 Guided Multiple Launch Rocket System (GMLRS) rockets and is expanding production. A successful ground test of a new General Dynamics solid rocket motor is another step toward faster output, with qualification targeted for 2027. The milestone supports the company’s ability to meet missile demand. More Rockets, Faster: Lockheed Martin Reaches Major GMLRS Production Milestone
• Positive Sentiment: Recent commentary points to a record $292 billion backlog, existing contracts and an F-35 framework that supports planning and investment. Those factors provide revenue visibility despite debate over next year’s defense budget. Lockheed Martin Stock (LMT) Looks Attractive Despite the Budget Debate
• Positive Sentiment: Coverage of Lockheed Martin’s October rally cites strong third-quarter results and longer-term F-35 and missile demand, along with long-term procurement agreements with the Department of Defense. This reinforces the favorable earnings and demand outlook, though it largely reflects previously reported news. Why Lockheed Martin Rallied in October

Lockheed Martin Profile

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.