Advisors Capital Management LLC Buys 2,518 Shares of Lockheed Martin Corporation $LMT

Key Points

• Advisors Capital Management LLC increased its stake in Lockheed Martin Corporation by 3.2%, acquiring an additional 2,518 shares, bringing its total holding to 80,545 shares worth approximately $35.98 million.
• Lockheed Martin reported $7.29 earnings per share for the last quarter, surpassing analyst expectations, while the company's revenue slightly missed forecasts at $18.16 billion.
• Lockheed Martin announced a quarterly dividend of $3.30 per share, representing a 2.8% yield, with a payout ratio of 74.32%.

Advisors Capital Management LLC boosted its stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 3.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 80,545 shares of the aerospace company's stock after acquiring an additional 2,518 shares during the quarter. Advisors Capital Management LLC's holdings in Lockheed Martin were worth $35,980,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. OMNI 360 Wealth Inc. boosted its stake in shares of Lockheed Martin by 2.5% in the 1st quarter. OMNI 360 Wealth Inc. now owns 913 shares of the aerospace company's stock valued at $408,000 after purchasing an additional 22 shares during the last quarter. 49 Wealth Management LLC boosted its stake in shares of Lockheed Martin by 3.4% in the 1st quarter. 49 Wealth Management LLC now owns 661 shares of the aerospace company's stock valued at $295,000 after purchasing an additional 22 shares during the last quarter. Tyler Stone Wealth Management boosted its stake in shares of Lockheed Martin by 3.3% in the 1st quarter. Tyler Stone Wealth Management now owns 684 shares of the aerospace company's stock valued at $306,000 after purchasing an additional 22 shares during the last quarter. Tealwood Asset Management Inc. boosted its stake in shares of Lockheed Martin by 0.4% in the 1st quarter. Tealwood Asset Management Inc. now owns 5,728 shares of the aerospace company's stock valued at $2,559,000 after purchasing an additional 23 shares during the last quarter. Finally, Southland Equity Partners LLC boosted its stake in Lockheed Martin by 3.1% during the 1st quarter. Southland Equity Partners LLC now owns 766 shares of the aerospace company's stock worth $342,000 after acquiring an additional 23 shares during the last quarter. Institutional investors own 74.19% of the company's stock.

Lockheed Martin Price Performance

NYSE:LMT opened at $463.51 on Thursday. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year 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. The firm has a fifty day simple moving average of $446.09 and a 200 day simple moving average of $457.84. The stock has a market capitalization of $108.21 billion, a PE ratio of 26.10, a P/E/G ratio of 1.61 and a beta of 0.26.

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

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be paid a $3.30 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $13.20 annualized dividend and a dividend yield of 2.8%. Lockheed Martin's dividend payout ratio (DPR) is currently 74.32%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on LMT shares. Cowen lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Thursday, July 10th. Vertical Research reissued a "hold" rating and set a $460.00 price objective on shares of Lockheed Martin in a research note on Tuesday, July 22nd. Sanford C. Bernstein set a $551.00 price objective on shares of Lockheed Martin and gave the stock a "market perform" rating in a research note on Monday, July 14th. Wall Street Zen downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Finally, Susquehanna dropped their target price on shares of Lockheed Martin from $550.00 to $490.00 and set a "positive" rating on the stock in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $494.00.

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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