Demars Financial Group LLC Has $448,000 Stock Holdings in Lockheed Martin Corporation $LMT

Key Points

• Demars Financial Group LLC drastically reduced its position in Lockheed Martin Corporation by 99.8%, now holding only 967 shares valued at $448,000.
• Several hedge funds adjusted their positions in Lockheed Martin, with 74.19% of the stock currently owned by institutional investors.
• The company recently announced an increase in its quarterly dividend to $3.45 per share, reflecting a positive change from the previous \ $3.30 and a yield of 2.8%.

Demars Financial Group LLC cut its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 99.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 967 shares of the aerospace company's stock after selling 392,478 shares during the period. Demars Financial Group LLC's holdings in Lockheed Martin were worth $448,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC raised its holdings in shares of Lockheed Martin by 5.0% during the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company's stock worth $1,941,000 after acquiring an additional 191 shares during the period. Advisor Resource Council acquired a new stake in Lockheed Martin in the 1st quarter valued at $570,000. Garde Capital Inc. acquired a new stake in Lockheed Martin in the 1st quarter valued at $55,000. Intact Investment Management Inc. increased its stake in Lockheed Martin by 131.6% in the 1st quarter. Intact Investment Management Inc. now owns 19,457 shares of the aerospace company's stock valued at $8,692,000 after buying an additional 11,057 shares during the last quarter. Finally, Masso Torrence Wealth Management Inc. increased its stake in Lockheed Martin by 8.6% in the 1st quarter. Masso Torrence Wealth Management Inc. now owns 1,337 shares of the aerospace company's stock valued at $597,000 after buying an additional 106 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LMT has been the topic of several recent analyst reports. UBS Group lowered their price objective on shares of Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 23rd. Weiss Ratings restated a "hold (c)" rating on shares of Lockheed Martin in a research note on Wednesday, October 8th. JPMorgan Chase & Co. lowered their price objective on shares of Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 23rd. Morgan Stanley boosted their price objective on shares of Lockheed Martin from $530.00 to $630.00 and gave the stock an "overweight" rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft set a $519.00 price objective on shares of Lockheed Martin and gave the stock a "hold" rating in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $510.29.

Lockheed Martin Stock Performance

Shares of LMT stock opened at $495.24 on Monday. The company has a market capitalization of $115.62 billion, a price-to-earnings ratio of 27.89, a PEG ratio of 1.74 and a beta of 0.28. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98. The company has a 50-day simple moving average of $471.93 and a 200 day simple moving average of $464.85. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, topping the consensus estimate of $6.57 by $0.72. The business had revenue of $18.16 billion during the quarter, compared to the consensus estimate of $18.59 billion. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. Lockheed Martin's revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. On average, sell-side analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current 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 issued a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, December 1st. This is a positive change from Lockheed Martin's previous quarterly dividend of $3.30. Lockheed Martin's payout ratio is presently 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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