Family Legacy Financial Solutions LLC Invests $486,000 in Lockheed Martin Corporation $LMT

Key Points

• Family Legacy Financial Solutions LLC acquired a new position in Lockheed Martin Corporation with an investment of approximately $486,000 for 1,049 shares in the 2nd quarter.
• Lockheed Martin's stock recently reported $7.29 EPS for the quarter, exceeding analysts' estimates, though its revenue was slightly below expectations at $18.16 billion.
• The company declared a quarterly dividend of $3.30 per share, reflecting a 2.8% yield, with the ex-dividend date set for September 2nd.

Family Legacy Financial Solutions LLC acquired a new stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,049 shares of the aerospace company's stock, valued at approximately $486,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. 49 Wealth Management LLC lifted its stake in Lockheed Martin by 3.4% during the 1st quarter. 49 Wealth Management LLC now owns 661 shares of the aerospace company's stock valued at $295,000 after acquiring an additional 22 shares in the last quarter. OMNI 360 Wealth Inc. raised its stake in shares of Lockheed Martin by 2.5% during the 1st quarter. OMNI 360 Wealth Inc. now owns 913 shares of the aerospace company's stock worth $408,000 after purchasing an additional 22 shares during the period. Tyler Stone Wealth Management raised its stake in shares of Lockheed Martin by 3.3% during the 1st quarter. Tyler Stone Wealth Management now owns 684 shares of the aerospace company's stock worth $306,000 after purchasing an additional 22 shares during the period. Tealwood Asset Management Inc. raised its stake in shares of Lockheed Martin by 0.4% during the 1st quarter. Tealwood Asset Management Inc. now owns 5,728 shares of the aerospace company's stock worth $2,559,000 after purchasing an additional 23 shares during the period. Finally, Southland Equity Partners LLC raised its stake in shares of 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 purchasing an additional 23 shares during the period. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Robert W. Baird lowered their price objective on Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 23rd. Sanford C. Bernstein set a $551.00 price objective on Lockheed Martin and gave the company a "market perform" rating in a research note on Monday, July 14th. TD Cowen restated a "hold" rating and issued a $480.00 price objective (down from $500.00) on shares of Lockheed Martin 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 report on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. cut their price objective on Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and fourteen have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $494.00.

Lockheed Martin Trading Down 0.1%

Shares of Lockheed Martin stock traded down $0.70 during midday trading on Friday, reaching $472.92. 2,839,060 shares of the company's stock traded hands, compared to its average volume of 1,287,031. 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 market cap of $110.41 billion, a PE ratio of 26.63, a price-to-earnings-growth ratio of 1.66 and a beta of 0.26. The stock has a 50 day moving average of $447.18 and a 200-day moving average of $459.09. 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 announced 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 company 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%.The firm's revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, equities analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Dividend Announcement

The company also recently declared 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. This represents a $13.20 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin's dividend 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.