Lockheed Martin Corporation $LMT Shares Acquired by Ashton Thomas Private Wealth LLC

Key Points

• Ashton Thomas Private Wealth LLC increased its stake in Lockheed Martin by 45.8%, now owning 6,140 shares valued at approximately $2.74 million.
• Lockheed Martin's recent earnings report showed earnings of $7.29 per share, surpassing analyst expectations of $6.57, while revenue for the quarter was reported at $18.16 billion.
• The company has announced a quarterly dividend of $3.30 per share, which translates to an annualized payout of $13.20 and a yield of 2.9%.

Ashton Thomas Private Wealth LLC boosted its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 45.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,140 shares of the aerospace company's stock after purchasing an additional 1,930 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in Lockheed Martin were worth $2,743,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. TruNorth Capital Management LLC acquired a new position in Lockheed Martin in the first quarter valued at $31,000. Heck Capital Advisors LLC acquired a new stake in Lockheed Martin during the fourth quarter worth about $35,000. EQ Wealth Advisors LLC acquired a new stake in Lockheed Martin during the first quarter worth about $43,000. Ritter Daniher Financial Advisory LLC DE acquired a new stake in Lockheed Martin during the first quarter worth about $45,000. Finally, Dagco Inc. acquired a new stake in Lockheed Martin during the first quarter worth about $50,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Stock Up 1.4%

Shares of NYSE LMT traded up $6.71 on Thursday, hitting $470.58. The company had a trading volume of 1,187,686 shares, compared to its average volume of 1,648,876. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $618.95. The business has a 50 day moving average of $446.09 and a two-hundred day moving average of $457.84. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47. The firm has a market capitalization of $109.86 billion, a P/E ratio of 26.52, a PEG ratio of 1.61 and a beta of 0.26.

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 firm had revenue of $18.16 billion during the quarter, compared to the consensus estimate of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.Lockheed Martin's revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the business posted $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, equities research analysts forecast that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $3.30 per share. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio is presently 74.32%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Truist Financial lowered Lockheed Martin from a "buy" rating to a "hold" rating and dropped their price target for the stock from $554.00 to $440.00 in a research note on Wednesday, July 23rd. Robert W. Baird dropped their price target on Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. Sanford C. Bernstein set a $551.00 price target on Lockheed Martin and gave the stock a "market perform" rating in a research note on Monday, July 14th. Royal Bank Of Canada dropped their price target on Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating for the company in a research note on Wednesday, July 23rd. Finally, Cowen lowered Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus 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.