Lockheed Martin Corporation $LMT Shares Newly Purchased 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 Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,006 shares of the aerospace company’s stock, valued at approximately $512,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. BlackRock Inc. purchased a new position in shares of Lockheed Martin in the second quarter worth approximately $9,617,574,000. Corient Private Wealth LP bought a new stake in Lockheed Martin during the second quarter worth approximately $101,960,000. Bank of New York Mellon Corp acquired a new position in shares of Lockheed Martin during the second quarter worth approximately $645,258,000. Legal & General Group Plc bought a new position in shares of Lockheed Martin during the 2nd quarter worth about $497,469,000. Finally, Papamarkou Wellner Asset Management inc. grew its holdings in shares of Lockheed Martin by 20,302.9% in the 2nd quarter. Papamarkou Wellner Asset Management inc. now owns 627,798 shares of the aerospace company’s stock worth $319,838,000 after purchasing an additional 624,721 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors.

Key Stories Impacting Lockheed Martin

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

Lockheed Martin Stock Down 6.9%

NYSE LMT opened at $594.71 on Thursday. The company has a current ratio of 1.26, a quick ratio of 1.10 and a debt-to-equity ratio of 2.04. The company 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 50 day moving average of $548.02 and a 200-day moving average of $569.72. Lockheed Martin Corporation has a 1-year low of $437.25 and a 1-year high of $692.00.

Lockheed Martin (NYSE:LMT) last issued its quarterly earnings results on Thursday, October 22nd. The aerospace company reported $7.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.52 by $0.45. Lockheed Martin had a return on equity of 83.41% and a net margin of 8.23%. The business 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 business posted $6.95 earnings per share. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. On average, equities research analysts expect that Lockheed Martin Corporation will post 30.66 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 1st will be paid a $3.60 dividend. 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. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.45. Lockheed Martin’s dividend payout ratio is currently 51.15%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Sanford C. Bernstein dropped their price target on shares of 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. Morgan Stanley raised their price target on Lockheed Martin from $653.00 to $690.00 and gave the company an “equal weight” rating in a research note on Friday, July 24th. JPMorgan Chase & Co. upped their target price on shares of Lockheed Martin from $620.00 to $665.00 and gave the company a “neutral” rating in a report on Monday, October 26th. Royal Bank Of Canada raised their target price on shares of Lockheed Martin from $550.00 to $600.00 and gave the stock a “sector perform” rating in a research note on Friday, October 23rd. Finally, Wall Street Zen cut Lockheed Martin from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $647.00.

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.

Lockheed Martin serves the U.S.