Financial Harvest LLC Buys Shares of 2,090 Lockheed Martin Corporation $LMT

Key Points

• Financial Harvest LLC acquired a new stake in Lockheed Martin worth approximately $968,000, purchasing 2,090 shares which now represent 0.7% of its portfolio.
• Lockheed Martin reported $7.29 earnings per share for the last quarter, exceeding analysts' expectations of $6.57, with a year-over-year revenue increase of 0.2%.
• The company declared a quarterly dividend of $3.30 to be paid on September 26th, reflecting an annualized payout of $13.20 and a yield of 2.8%.

Financial Harvest LLC purchased a new stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 2,090 shares of the aerospace company's stock, valued at approximately $968,000. Lockheed Martin makes up 0.7% of Financial Harvest LLC's investment portfolio, making the stock its 20th largest position.

A number of other large investors have also added to or reduced their stakes in the company. OMNI 360 Wealth Inc. grew its holdings in 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 acquiring an additional 22 shares in the last quarter. 49 Wealth Management LLC grew its holdings in Lockheed Martin by 3.4% during the 1st quarter. 49 Wealth Management LLC now owns 661 shares of the aerospace company's stock worth $295,000 after acquiring an additional 22 shares in the last quarter. Tyler Stone Wealth Management grew its holdings in 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 acquiring an additional 22 shares in the last quarter. Tealwood Asset Management Inc. grew its holdings in 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 acquiring an additional 23 shares in the last quarter. Finally, Southland Equity Partners LLC grew its holdings 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 in the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Price Performance

Shares of LMT stock traded up $7.56 during midday trading on Monday, reaching $480.50. 1,409,721 shares of the company were exchanged, compared to its average volume of 1,334,475. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $618.95. The company has a market cap of $112.18 billion, a P/E ratio of 27.05, a PEG ratio of 1.66 and a beta of 0.26. The company's 50 day moving average price is $447.32 and its two-hundred day moving average price is $459.12. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, topping analysts' consensus estimates of $6.57 by $0.72. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The company had revenue of $18.16 billion for the quarter, compared to the consensus estimate of $18.59 billion. During the same period in the previous year, the firm earned $7.11 EPS. Lockheed Martin'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, sell-side analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be issued a $3.30 dividend. This represents a $13.20 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's payout ratio is presently 74.32%.

Analyst Ratings Changes

LMT has been the topic of a number of recent research reports. TD Cowen restated a "hold" rating and issued a $480.00 price target (down from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. Bank of America decreased their price target on shares of Lockheed Martin from $495.00 to $480.00 and set a "neutral" rating for the company in a report on Thursday, August 21st. JPMorgan Chase & Co. decreased their price target on shares of Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. Cowen lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a report on Thursday, July 10th. Finally, Truist Financial lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating and decreased their price target 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, six have issued a Buy rating and fourteen have issued a Hold rating to the company's stock. According to data from MarketBeat, Lockheed Martin has an average rating of "Hold" and a consensus target price of $494.00.

About Lockheed Martin

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.