Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Lockheed Martin Co. NYSE: LMT. In a filing disclosed on March 27th, the Representative disclosed that they had sold between $1,001 and $15,000 in Lockheed Martin stock on February 25th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.
Representative Robert Bresnahan, Jr. also recently made the following trade(s):
- Purchased $1,001 - $15,000 in shares of Intuit NASDAQ: INTU on 3/7/2025.
- Sold $1,001 - $15,000 in shares of Tesla NASDAQ: TSLA on 3/6/2025.
- Purchased $1,001 - $15,000 in shares of SEA NYSE: SE on 3/5/2025.
- Sold $1,001 - $15,000 in shares of Credo Technology Group NASDAQ: CRDO on 3/4/2025.
- Purchased $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 3/4/2025.
- Purchased $1,001 - $15,000 in shares of Twilio NYSE: TWLO on 3/4/2025.
- Sold $15,001 - $50,000 in shares of Alibaba Group NYSE: BABA on 3/4/2025.
- Purchased $1,001 - $15,000 in shares of Zoom Video Communications NASDAQ: ZM on 3/4/2025.
- Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 3/3/2025.
- Purchased $1,001 - $15,000 in shares of Snowflake NYSE: SNOW on 3/3/2025.
Lockheed Martin Stock Up 0.2 %
NYSE LMT traded up $1.04 during trading on Tuesday, reaching $447.75. 385,782 shares of the company's stock were exchanged, compared to its average volume of 1,205,293. Lockheed Martin Co. has a 1 year low of $419.70 and a 1 year high of $618.95. The stock has a market cap of $105.39 billion, a P/E ratio of 20.14, a price-to-earnings-growth ratio of 2.07 and a beta of 0.43. The company has a debt-to-equity ratio of 3.10, a quick ratio of 0.95 and a current ratio of 1.13. The company has a 50 day moving average price of $455.61 and a two-hundred day moving average price of $509.05.
Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The aerospace company reported $7.67 earnings per share (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, equities research analysts anticipate that Lockheed Martin Co. will post 27.15 EPS for the current fiscal year.
Lockheed Martin Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 3rd were paid a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend was Monday, March 3rd. Lockheed Martin's dividend payout ratio is presently 59.30%.
Analyst Ratings Changes
Several equities analysts have issued reports on LMT shares. Morgan Stanley decreased their price objective on shares of Lockheed Martin from $555.00 to $525.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 29th. Barclays cut their price target on Lockheed Martin from $565.00 to $515.00 and set an "equal weight" rating on the stock in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft downgraded Lockheed Martin from a "buy" rating to a "hold" rating and decreased their price objective for the company from $611.00 to $523.00 in a report on Thursday, January 2nd. Melius Research cut shares of Lockheed Martin from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. Finally, StockNews.com cut shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, Lockheed Martin has an average rating of "Hold" and a consensus target price of $539.53.
View Our Latest Report on LMT
Institutional Investors Weigh In On Lockheed Martin
A number of institutional investors and hedge funds have recently modified their holdings of LMT. Larson Financial Group LLC boosted its position in shares of Lockheed Martin by 42.9% in the 3rd quarter. Larson Financial Group LLC now owns 630 shares of the aerospace company's stock worth $368,000 after buying an additional 189 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Lockheed Martin by 0.9% in the third quarter. Fisher Asset Management LLC now owns 6,742 shares of the aerospace company's stock valued at $3,941,000 after purchasing an additional 61 shares in the last quarter. Patton Albertson Miller Group LLC acquired a new stake in shares of Lockheed Martin in the third quarter valued at approximately $205,000. FMR LLC increased its stake in shares of Lockheed Martin by 6.6% during the 3rd 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 in the last quarter. Finally, Avestar Capital LLC lifted its stake in Lockheed Martin by 5.2% in the 3rd quarter. Avestar Capital LLC now owns 1,248 shares of the aerospace company's stock valued at $730,000 after buying an additional 62 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company's stock.
Insider Buying and Selling at Lockheed Martin
In other Lockheed Martin news, VP Harry Edward Paul III sold 707 shares of Lockheed Martin stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $442.61, for a total value of $312,925.27. Following the completion of the sale, the vice president now directly owns 2,278 shares of the company's stock, valued at approximately $1,008,265.58. The trade was a 23.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert M. Lightfoot, Jr. sold 3,213 shares of the firm's stock in a transaction on Wednesday, February 26th. The stock was 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. This trade represents a 61.63 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,133 shares of company stock worth $3,155,916. 0.17% of the stock is owned by insiders.
About Representative Bresnahan
Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election.
Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.
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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