FSM Wealth Advisors LLC Makes New Investment in Lockheed Martin Corporation $LMT

Key Points

• FSM Wealth Advisors LLC has made a new investment in Lockheed Martin Corporation, acquiring 1,017 shares valued at approximately $477,000 during the second quarter.
• Lockheed Martin recently reported $6.95 EPS for the quarter, exceeding the consensus estimate, with revenue reaching $18.61 billion, an increase of 8.8% year-over-year.
• The company has announced a quarterly dividend increase to $3.45 per share, with a payout scheduled for December 30th, reflecting a yield of 2.8%.

FSM Wealth Advisors LLC acquired a new position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,017 shares of the aerospace company's stock, valued at approximately $477,000.

A number of other hedge funds have also recently added to or reduced their stakes in LMT. Mid American Wealth Advisory Group Inc. acquired a new position in Lockheed Martin during the 2nd quarter valued at about $28,000. TruNorth Capital Management LLC acquired a new position in Lockheed Martin during the 1st quarter valued at about $31,000. Frazier Financial Advisors LLC acquired a new position in Lockheed Martin during the 2nd quarter valued at about $34,000. GFG Capital LLC acquired a new position in Lockheed Martin during the 2nd quarter valued at about $43,000. Finally, Bernard Wealth Management Corp. lifted its position in Lockheed Martin by 251.9% during the 2nd quarter. Bernard Wealth Management Corp. now owns 95 shares of the aerospace company's stock valued at $44,000 after purchasing an additional 68 shares during the period. Institutional investors own 74.19% of the company's stock.

Lockheed Martin Stock Performance

Shares of NYSE:LMT opened at $487.95 on Friday. The company has a market capitalization of $112.91 billion, a price-to-earnings ratio of 27.24, a P/E/G ratio of 2.13 and a beta of 0.28. The firm's 50 day simple moving average is $476.56 and its 200 day simple moving average is $466.07. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.13 and a quick ratio of 0.83. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $576.43.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its earnings results on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, topping the consensus estimate of $6.33 by $0.62. The firm had revenue of $18.61 billion for the quarter, compared to the consensus estimate of $18.45 billion. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The business's quarterly revenue was up 8.8% on a year-over-year basis. During the same period last year, the company posted $6.84 EPS. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. As a group, sell-side analysts forecast 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. Shareholders of record on Monday, December 1st will be issued a dividend of $3.45 per share. This is an increase from Lockheed Martin's previous quarterly dividend of $3.30. The ex-dividend date is Monday, December 1st. This represents a $13.80 annualized dividend and a yield of 2.8%. Lockheed Martin's dividend payout ratio is 74.32%.

Analyst Ratings Changes

A number of research firms have issued reports on LMT. TD Cowen restated a "hold" rating and set a $480.00 target price (down from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. Susquehanna upped their target price on shares of Lockheed Martin from $490.00 to $590.00 and gave the company a "positive" rating in a research report on Thursday, October 9th. Truist Financial upped their target price on shares of Lockheed Martin from $440.00 to $500.00 and gave the company a "hold" rating in a research report on Wednesday, October 15th. Vertical Research reiterated a "hold" rating and issued a $460.00 price target on shares of Lockheed Martin in a research report on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. cut their price target on shares of Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 23rd. One research 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's stock. According to data from MarketBeat, Lockheed Martin currently has a consensus rating of "Hold" and an average price target of $513.47.

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.

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