Representative Byron Donalds (R-Florida) recently sold shares of Lockheed Martin Co. NYSE: LMT. In a filing disclosed on March 25th, the Representative disclosed that they had sold between $1,001 and $15,000 in Lockheed Martin stock on February 13th. The trade occurred in the Representative's "MORAN WEALTH IRA" account.
Representative Byron Donalds also recently made the following trade(s):
- Purchased $1,001 - $15,000 in shares of DoorDash NASDAQ: DASH on 2/13/2025.
- Purchased $1,001 - $15,000 in shares of Fortinet NASDAQ: FTNT on 2/13/2025.
- Sold $1,001 - $15,000 in shares of FactSet Research Systems NYSE: FDS on 2/13/2025.
- Sold $1,001 - $15,000 in shares of RLI NYSE: RLI on 1/21/2025.
- Purchased $1,001 - $15,000 in shares of GoDaddy NYSE: GDDY on 1/21/2025.
- Purchased $1,001 - $15,000 in shares of First Citizens BancShares NASDAQ: FCNCA on 1/21/2025.
- Purchased $1,001 - $15,000 in shares of GoDaddy NYSE: GDDY on 1/16/2025.
- Sold $1,001 - $15,000 in shares of RLI NYSE: RLI on 1/16/2025.
- Purchased $1,001 - $15,000 in shares of First Citizens BancShares NASDAQ: FCNCA on 1/16/2025.
- Sold $1,001 - $15,000 in shares of Merck & Co., Inc. NYSE: MRK on 1/16/2025.
Lockheed Martin Stock Performance
LMT traded up $1.04 during mid-day trading on Tuesday, reaching $447.75. 385,782 shares of the company traded hands, compared to its average volume of 1,205,293. The company's fifty day moving average price is $455.61 and its 200-day moving average price is $509.05. The stock has a market capitalization of $105.39 billion, a P/E ratio of 20.14, a P/E/G ratio of 2.07 and a beta of 0.43. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 3.10. Lockheed Martin Co. has a 52-week low of $419.70 and a 52-week high of $618.95.
Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The aerospace company reported $7.67 EPS for the quarter, beating analysts' consensus estimates of $6.58 by $1.09. Lockheed Martin had a return on equity of 101.47% and a net margin of 7.51%. On average, sell-side analysts expect that Lockheed Martin Co. will post 27.15 EPS for the current year.
Lockheed Martin Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 3rd were given a dividend of $3.30 per share. The ex-dividend date was Monday, March 3rd. This represents a $13.20 dividend on an annualized basis and a yield of 2.95%. Lockheed Martin's dividend payout ratio (DPR) is 59.30%.
Insider Activity at Lockheed Martin
In other news, VP Harry Edward Paul III sold 707 shares of Lockheed Martin stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $442.61, for a total value of $312,925.27. Following the completion of the transaction, the vice president now owns 2,278 shares in the company, valued at approximately $1,008,265.58. The trade was a 23.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $442.42, for a total value of $1,421,495.46. Following the sale, the insider now owns 2,000 shares in the company, valued at $884,840. The trade was a 61.63 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,133 shares of company stock valued at $3,155,916. Insiders own 0.17% of the company's stock.
Institutional Investors Weigh In On Lockheed Martin
Institutional investors and hedge funds have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its holdings in Lockheed Martin by 17.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 7,471,071 shares of the aerospace company's stock valued at $3,630,492,000 after acquiring an additional 1,132,461 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Lockheed Martin by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 4,887,242 shares of the aerospace company's stock valued at $2,374,557,000 after purchasing an additional 59,597 shares in the last quarter. FMR LLC increased its holdings in shares of Lockheed Martin by 6.6% in the third quarter. FMR LLC now owns 3,389,025 shares of the aerospace company's stock worth $1,981,088,000 after purchasing an additional 209,591 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Lockheed Martin by 8.5% in the third quarter. Wellington Management Group LLP now owns 3,074,855 shares of the aerospace company's stock worth $1,797,437,000 after buying an additional 240,306 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Lockheed Martin by 6.3% in the fourth quarter. Northern Trust Corp now owns 2,260,910 shares of the aerospace company's stock worth $1,098,667,000 after buying an additional 134,662 shares in the last quarter. Institutional investors own 74.19% of the company's stock.
Wall Street Analysts Forecast Growth
LMT has been the subject of several recent research reports. Truist Financial assumed coverage on shares of Lockheed Martin in a research report on Tuesday, January 14th. They set a "buy" rating and a $579.00 target price for the company. Royal Bank of Canada lowered Lockheed Martin from an "outperform" rating to a "sector perform" rating and reduced their price objective for the stock from $550.00 to $480.00 in a research note on Thursday, March 27th. Bank of America cut Lockheed Martin from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $685.00 to $485.00 in a report on Monday, March 24th. StockNews.com lowered Lockheed Martin from a "buy" rating to a "hold" rating in a report on Tuesday. Finally, UBS Group decreased their price objective on Lockheed Martin from $527.00 to $508.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Lockheed Martin presently has a consensus rating of "Hold" and an average price target of $539.53.
View Our Latest Report on LMT
About Representative Donalds
Byron Donalds (Republican Party) is a member of the U.S. House, representing Florida's 19th Congressional District. He assumed office on January 3, 2021. His current term ends on January 3, 2027.
Donalds (Republican Party) is running for re-election to the U.S. House to represent Florida's 19th Congressional District. He declared candidacy for the 2026 election.
Byron Donalds was born in Brooklyn, New York, and lives in Naples, Florida. Donalds earned a bachelor's degree in finance and marketing from Florida State University in 2002. His career experience includes working as a commercial credit officer in banking and as a portfolio manager in financial services.
About Lockheed Martin
(
Get Free Report)
Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.
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