Lockheed Martin (NYSE:LMT) Trading Up 2.9% – Here’s What Happened

Lockheed Martin Corporation (NYSE:LMT) shares traded up 2.9% on Monday . The stock traded as high as $515.88 and last traded at $511.5450. 1,978,649 shares were traded during mid-day trading, an increase of 31% from the average session volume of 1,510,317 shares. The stock had previously closed at $497.07.

Analyst Ratings Changes

LMT has been the subject of several analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Lockheed Martin in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft decreased their price target on Lockheed Martin from $517.00 to $492.00 and set a “hold” rating for the company in a research note on Wednesday, December 10th. BNP Paribas Exane assumed coverage on shares of Lockheed Martin in a report on Tuesday, November 18th. They set an “outperform” rating and a $550.00 price objective on the stock. BNP Paribas upgraded shares of Lockheed Martin to a “strong-buy” rating in a research note on Tuesday, November 18th. Finally, Robert W. Baird upped their price target on shares of Lockheed Martin from $500.00 to $550.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, eighteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $506.67.

Lockheed Martin Price Performance

The firm has a market capitalization of $118.37 billion, a PE ratio of 17.03, a P/E/G ratio of 1.41 and a beta of 0.24. The firm’s fifty day moving average price is $470.79 and its 200 day moving average price is $466.29. 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 (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 period in the previous year, the firm posted $6.84 earnings per share. The firm’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. As a group, equities analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st were issued a dividend of $3.45 per share. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. The ex-dividend date of this dividend was Monday, December 1st. This represents a $13.80 annualized dividend and a dividend yield of 2.7%. Lockheed Martin’s payout ratio is presently 77.05%.

Insider Activity

In related news, COO John Frank A. St sold 7,792 shares of the stock in a transaction on 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 sale, the chief operating officer directly owned 1 shares of the company’s stock, valued at approximately $491.04. This represents a 99.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in Lockheed Martin by 5.0% during the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock worth $1,941,000 after purchasing an additional 191 shares in the last quarter. Amundi raised its stake in shares of Lockheed Martin by 13.4% during the 1st quarter. Amundi now owns 25,094 shares of the aerospace company’s stock worth $11,412,000 after buying an additional 2,962 shares during the period. Scientech Research LLC purchased a new position in shares of Lockheed Martin during the 1st quarter valued at approximately $1,275,000. UniSuper Management Pty Ltd grew its stake in Lockheed Martin by 0.7% in the 1st quarter. UniSuper Management Pty Ltd now owns 128,846 shares of the aerospace company’s stock valued at $57,557,000 after acquiring an additional 900 shares during the period. Finally, Tamar Securities LLC grew its stake in Lockheed Martin by 6.2% in the 1st quarter. Tamar Securities LLC now owns 39,951 shares of the aerospace company’s stock valued at $17,847,000 after acquiring an additional 2,317 shares during the period. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Company Profile

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.