Heartland Bank & Trust Co Purchases New Position in Lockheed Martin Corporation $LMT

Key Points

• Heartland Bank & Trust Co acquired a new stake in Lockheed Martin, purchasing 1,891 shares valued at approximately $876,000.
• Lockheed Martin reported $7.29 earnings per share for the last quarter, surpassing analysts' expectations and showing a slight revenue increase of 0.2% year-over-year.
• The company announced an increase in its quarterly dividend to $3.45, reflecting a 2.7% yield and a payout ratio of 74.32%.

Heartland Bank & Trust Co purchased a new stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,891 shares of the aerospace company's stock, valued at approximately $876,000.

A number of other large investors also recently bought and sold shares of LMT. TruNorth Capital Management LLC bought a new position in Lockheed Martin in the first quarter worth approximately $31,000. EQ Wealth Advisors LLC bought a new position in Lockheed Martin in the first quarter worth approximately $43,000. GFG Capital LLC bought a new position in Lockheed Martin in the second quarter worth approximately $43,000. Bernard Wealth Management Corp. raised its stake in Lockheed Martin by 251.9% in the second quarter. Bernard Wealth Management Corp. now owns 95 shares of the aerospace company's stock worth $44,000 after buying an additional 68 shares in the last quarter. Finally, Ritter Daniher Financial Advisory LLC DE bought a new position in Lockheed Martin in the first quarter worth approximately $45,000. Institutional investors own 74.19% of the company's stock.

Lockheed Martin Price Performance

Shares of LMT opened at $503.67 on Tuesday. The firm has a market capitalization of $117.59 billion, a PE ratio of 28.36, a price-to-earnings-growth ratio of 1.77 and a beta of 0.28. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $618.95. The company's fifty day moving average price is $466.48 and its 200-day moving average price is $463.53.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, beating analysts' consensus estimates of $6.57 by $0.72. The firm had revenue of $18.16 billion for the quarter, compared to analyst estimates of $18.59 billion. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The business's quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the company 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 predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be issued a $3.45 dividend. 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. This represents a $13.80 annualized dividend and a yield of 2.7%. Lockheed Martin's dividend payout ratio is currently 74.32%.

Analysts Set New Price Targets

LMT has been the subject of a number of recent research reports. Royal Bank Of Canada boosted their price objective on shares of Lockheed Martin from $440.00 to $525.00 and gave the stock a "sector perform" rating in a research note on Tuesday, October 7th. JPMorgan Chase & Co. reduced their price target 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 target on Lockheed Martin and gave the stock a "market perform" rating in a research report on Monday, July 14th. Bank of America reduced their price target on Lockheed Martin from $495.00 to $480.00 and set a "neutral" rating on the stock in a research report on Thursday, August 21st. Finally, Alembic Global Advisors raised Lockheed Martin from a "neutral" rating to an "overweight" rating in a research report on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $503.53.

Lockheed Martin Company 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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