1,006 Shares in Lockheed Martin Corporation $LMT Bought by Collaborative Fund Advisors LLC

Collaborative Fund Advisors LLC purchased a new position in Lockheed Martin Corporation (NYSE:LMT) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,006 shares of the aerospace company’s stock, valued at approximately $512,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. State Street Corp boosted its holdings in Lockheed Martin by 1.3% in the second quarter. State Street Corp now owns 32,975,170 shares of the aerospace company’s stock worth $16,799,530,000 after purchasing an additional 419,582 shares during the last quarter. BlackRock Inc. purchased a new stake in shares of Lockheed Martin in the second quarter worth $9,617,574,000. Corient Private Wealth LP boosted its stake in Lockheed Martin by 3,983.3% in the 2nd quarter. Corient Private Wealth LP now owns 7,110,961 shares of the aerospace company’s stock worth $3,622,750,000 after purchasing an additional 6,936,814 shares during the period. Bank of New York Mellon Corp bought a new position in shares of Lockheed Martin during the 2nd quarter valued at about $645,258,000. Finally, Legal & General Group Plc purchased a new stake in shares of Lockheed Martin during the 2nd quarter worth approximately $497,469,000. Institutional investors own 74.19% of the company’s stock.

Key Lockheed Martin News

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

• Positive Sentiment: Guggenheim initiated coverage with a Buy rating and a $735 price target, signaling meaningful potential upside. Guggenheim coverage
• Positive Sentiment: Lockheed’s PAC-3 interceptor business could benefit from a multiyear award valued at about $58.6 billion and plans to expand annual production capacity. The large backlog supports future revenue, although execution and profitable delivery remain important. InvestorPlace article on PAC-3 production
• Positive Sentiment: Lockheed was cited for strong relative strength over the past month, supported by its recent quarterly results. Zacks relative-strength report
• Negative Sentiment: Democrats’ midterm gains put control of both chambers of Congress in their hands, raising questions about the administration’s proposed defense spending. Reports cited a possible reduction in the Pentagon’s budget request, creating uncertainty for defense contractors’ future funding and contracts. Motley Fool article on election impact
• Negative Sentiment: Lockheed agreed to pay $29.5 million to settle federal allegations that it discriminated against white workers. The payment is relatively modest compared with the company’s scale, but the case could bring reputational and compliance scrutiny, including because it concerns a federal contractor. New York Post settlement report

Wall Street Analysts Forecast Growth

LMT has been the topic of a number of recent analyst reports. Rothschild & Co Redburn started coverage on Lockheed Martin in a research note on Tuesday, October 6th. They issued a “buy” rating and a $650.00 target price on the stock. Wells Fargo & Company increased their price target on Lockheed Martin from $600.00 to $700.00 and gave the stock an “equal weight” rating in a research report on Monday. Sanford C. Bernstein cut their price target on Lockheed Martin from $629.00 to $564.00 and set a “market perform” rating for the company 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 for the company in a research report on Friday, October 9th. Finally, Citigroup increased their price target on shares of Lockheed Martin from $691.00 to $706.00 and gave the company a “buy” rating in a research note on Friday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $647.00.

Lockheed Martin Price Performance

LMT stock opened at $594.71 on Thursday. The business has a 50 day moving average price of $548.02 and a 200 day moving average price of $569.72. The stock has a market cap of $137.38 billion, a price-to-earnings ratio of 21.13, a PEG ratio of 1.36 and a beta of 0.07. The company has a quick ratio of 1.10, a current ratio of 1.26 and a debt-to-equity ratio of 2.04. Lockheed Martin Corporation has a fifty-two week low of $437.25 and a fifty-two week high of $692.00.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $20.48 billion. Lockheed Martin had a return on equity of 83.41% and a net margin of 8.23%. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.95 earnings per share. Equities research analysts anticipate 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. Shareholders of record on Tuesday, December 1st will be given a $3.60 dividend. The ex-dividend date is Tuesday, December 1st. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.45. This represents a $14.40 annualized dividend and a yield of 2.4%. Lockheed Martin’s dividend payout ratio (DPR) is currently 51.15%.

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.