659 Shares in Lockheed Martin Corporation $LMT Purchased by Strategies Wealth Advisors LLC

Key Points

• Strategies Wealth Advisors LLC acquired a new position in Lockheed Martin, purchasing 659 shares valued at approximately $294,000.
• Several hedge funds have made significant changes to their positions in Lockheed Martin, with GAMMA Investing LLC increasing its holdings by over 41,000%, now owning about $889.6 million worth of shares.
• Lockheed Martin recently announced a quarterly dividend of $3.30 per share, reflecting a 3.0% dividend yield and a payout ratio of 74.32%.

Strategies Wealth Advisors LLC bought a new position in Lockheed Martin Corporation (NYSE:LMT - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 659 shares of the aerospace company's stock, valued at approximately $294,000.

A number of other hedge funds also recently made changes to their positions in LMT. GAMMA Investing LLC lifted its position in shares of Lockheed Martin by 41,104.9% in the first quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company's stock worth $889,593,000 after buying an additional 1,986,600 shares in the last quarter. Castlekeep Investment Advisors LLC purchased a new stake in shares of Lockheed Martin in the fourth quarter worth about $526,587,000. Leigh Baldwin & CO. LLC purchased a new stake in shares of Lockheed Martin in the fourth quarter worth about $451,985,000. Charles Schwab Investment Management Inc. lifted its position in shares of Lockheed Martin by 7.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 8,031,528 shares of the aerospace company's stock worth $3,587,444,000 after buying an additional 560,457 shares in the last quarter. Finally, Nuveen LLC bought a new stake in Lockheed Martin during the first quarter worth approximately $221,790,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LMT has been the topic of several analyst reports. TD Cowen reissued a "hold" rating and set a $480.00 price objective (down from $500.00) on shares of Lockheed Martin in a research note on Thursday, July 10th. Wall Street Zen cut Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Cowen cut Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Thursday, July 10th. Royal Bank Of Canada reduced their price objective on Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating on the stock in a research note on Wednesday, July 23rd. Finally, Sanford C. Bernstein set a $551.00 price objective on Lockheed Martin and gave the stock a "market perform" rating in a research note on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $506.35.

Lockheed Martin Trading Down 0.3%

LMT opened at $445.7320 on Friday. The stock has a market cap of $104.06 billion, a price-to-earnings ratio of 25.10, a P/E/G ratio of 1.57 and a beta of 0.27. The stock's 50 day moving average price is $448.65 and its 200-day moving average price is $456.29. Lockheed Martin Corporation has a one year low of $410.11 and a one year high of $618.95. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its 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. The firm had revenue of $18.16 billion for the quarter, compared to analysts' expectations of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The company's quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. On average, equities analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $3.30 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $13.20 dividend on an annualized basis and a dividend yield of 3.0%. Lockheed Martin's dividend payout ratio is currently 74.32%.

About Lockheed Martin

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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