718 Shares in Lockheed Martin Corporation $LMT Bought by Kaufman Rossin Wealth LLC

Key Points

• Kaufman Rossin Wealth LLC acquired 718 shares of Lockheed Martin Corporation, valued at approximately $321,000, during the first quarter of the year.
• Lockheed Martin reported a $7.29 EPS for the last quarter, exceeding analysts' expectations of $6.57, with a revenue of $18.16 billion.
• The company declared a quarterly dividend of $3.30 per share, equating to an annualized yield of 3.0%, to be paid on September 26th.

Kaufman Rossin Wealth LLC purchased a new stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 718 shares of the aerospace company's stock, valued at approximately $321,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Eagle Capital Management LLC increased its holdings in Lockheed Martin by 0.3% in the fourth quarter. Eagle Capital Management LLC now owns 10,827 shares of the aerospace company's stock valued at $5,261,000 after buying an additional 32 shares during the last quarter. Brighton Jones LLC increased its holdings in shares of Lockheed Martin by 5.0% in the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company's stock valued at $1,941,000 after acquiring an additional 191 shares during the last quarter. Pinebridge Investments L.P. increased its holdings in shares of Lockheed Martin by 56.6% in the 4th quarter. Pinebridge Investments L.P. now owns 129,788 shares of the aerospace company's stock valued at $63,069,000 after acquiring an additional 46,933 shares during the last quarter. MGO One Seven LLC lifted its stake in Lockheed Martin by 15.5% during the fourth quarter. MGO One Seven LLC now owns 8,714 shares of the aerospace company's stock worth $4,235,000 after purchasing an additional 1,172 shares during the last quarter. Finally, Oxford Wealth Group LLC lifted its stake in Lockheed Martin by 4.7% during the fourth quarter. Oxford Wealth Group LLC now owns 2,099 shares of the aerospace company's stock worth $1,020,000 after purchasing an additional 95 shares during the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $446.41 on Thursday. The business has a 50 day simple moving average of $449.89 and a 200 day simple moving average of $456.41. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83. The firm has a market capitalization of $104.22 billion, a price-to-earnings ratio of 25.14, a price-to-earnings-growth ratio of 1.55 and a beta of 0.27. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued 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. The company had revenue of $18.16 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company earned $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. On average, equities research analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Cowen lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Thursday, July 10th. Baird R W raised shares of Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 23rd. Vertical Research reiterated a "hold" rating and set a $460.00 price objective on shares of Lockheed Martin in a research note on Tuesday, July 22nd. TD Cowen restated a "hold" rating and issued a $480.00 target price (down from $500.00) on shares of Lockheed Martin in a research note on Thursday, July 10th. Finally, Truist Financial lowered Lockheed Martin from a "buy" rating to a "hold" rating and lowered their target price for the company from $554.00 to $440.00 in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat.com, Lockheed Martin currently has a consensus rating of "Hold" and a consensus target price of $506.65.

Lockheed Martin Company 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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