3,702 Shares in Lockheed Martin Corporation $LMT Purchased by Arista Wealth Management LLC

Key Points

• Arista Wealth Management LLC purchased 3,702 shares of Lockheed Martin Corporation valued at approximately $1,715,000 in the 2nd quarter.
• Multiple analysts recently adjusted their price targets on Lockheed Martin, with Susquehanna raising it from $490 to $590, while UBS Group lowered it from $498 to $453.
• Lockheed Martin announced a quarterly dividend increase to $3.45, set to be paid on December 30th, representing a 2.8% yield on an annualized basis.

Arista Wealth Management LLC bought a new position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,702 shares of the aerospace company's stock, valued at approximately $1,715,000.

Other institutional investors also recently modified their holdings of the company. TruNorth Capital Management LLC bought a new position in Lockheed Martin in the 1st quarter valued at $31,000. Frazier Financial Advisors LLC bought a new position in Lockheed Martin during the second quarter valued at about $34,000. EQ Wealth Advisors LLC bought a new stake in Lockheed Martin in the first quarter worth about $43,000. GFG Capital LLC bought a new position in shares of Lockheed Martin during the 2nd quarter valued at approximately $43,000. Finally, Bernard Wealth Management Corp. grew its position in shares of Lockheed Martin by 251.9% during the 2nd quarter. Bernard Wealth Management Corp. now owns 95 shares of the aerospace company's stock valued at $44,000 after acquiring an additional 68 shares during the period. 74.19% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on LMT shares. Susquehanna upped their price objective on Lockheed Martin from $490.00 to $590.00 and gave the company a "positive" rating in a research note on Thursday, October 9th. Vertical Research reaffirmed a "hold" rating and set a $460.00 price target on shares of Lockheed Martin in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. decreased their price objective on Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. Sanford C. Bernstein set a $551.00 price objective on Lockheed Martin and gave the company a "market perform" rating in a research note on Monday, July 14th. Finally, UBS Group cut their target price on shares of Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating for the company in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $510.29.

Lockheed Martin Price Performance

LMT stock opened at $492.65 on Friday. The firm has a 50 day moving average of $470.54 and a 200-day moving average of $464.37. The firm has a market capitalization of $115.01 billion, a P/E ratio of 27.74, a price-to-earnings-growth ratio of 1.75 and a beta of 0.28. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $618.95. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, beating analysts' consensus estimates of $6.57 by $0.72. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The firm had revenue of $18.16 billion during the quarter, compared to analyst estimates of $18.59 billion. During the same period in the previous year, the business earned $7.11 EPS. The business's revenue for the quarter was up .2% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, sell-side analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be paid a $3.45 dividend. This is an increase from Lockheed Martin's previous quarterly dividend of $3.30. This represents a $13.80 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Monday, December 1st. Lockheed Martin's payout ratio is 74.32%.

Lockheed Martin Profile

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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