Focus Partners Advisor Solutions LLC Buys 1,434 Shares of Lockheed Martin Corporation $LMT

Focus Partners Advisor Solutions LLC raised its stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 13.8% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 11,836 shares of the aerospace company's stock after purchasing an additional 1,434 shares during the period. Focus Partners Advisor Solutions LLC's holdings in Lockheed Martin were worth $5,287,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Charles Schwab Investment Management Inc. grew its holdings in Lockheed Martin by 7.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 8,031,528 shares of the aerospace company's stock valued at $3,587,444,000 after purchasing an additional 560,457 shares during the period. Royal Bank of Canada lifted its position in shares of Lockheed Martin by 1.4% in the first quarter. Royal Bank of Canada now owns 2,287,495 shares of the aerospace company's stock valued at $1,021,846,000 after acquiring an additional 31,443 shares in the last quarter. Invesco Ltd. lifted its position in shares of Lockheed Martin by 0.6% in the first quarter. Invesco Ltd. now owns 2,144,827 shares of the aerospace company's stock valued at $958,116,000 after acquiring an additional 12,899 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Lockheed Martin by 41,104.9% in the first quarter. GAMMA Investing LLC now owns 1,991,433 shares of the aerospace company's stock valued at $889,593,000 after acquiring an additional 1,986,600 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Lockheed Martin by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,299,092 shares of the aerospace company's stock valued at $580,317,000 after acquiring an additional 24,512 shares in the last quarter. Institutional investors own 74.19% of the company's stock.

Lockheed Martin Price Performance

NYSE:LMT opened at $455.58 on Tuesday. 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 company has a market capitalization of $106.36 billion, a P/E ratio of 25.65, a P/E/G ratio of 1.60 and a beta of 0.26. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $618.95. The business's 50-day moving average is $446.65 and its 200 day moving average is $456.99.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its 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. The company had revenue of $18.16 billion for 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 period in the previous year, the business earned $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. On average, 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 disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $3.30 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 2.9%. Lockheed Martin's dividend payout ratio is 74.32%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. lowered their price objective on Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating on the stock in a research report 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 report on Monday, July 14th. Cowen downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Thursday, July 10th. 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 report on Thursday, July 10th. Finally, Susquehanna lowered their price objective on Lockheed Martin from $550.00 to $490.00 and set a "positive" rating on the stock in a research report on Wednesday, July 23rd. One 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 company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $506.35.

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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