Integrity Alliance LLC. Buys 5,827 Shares of Lockheed Martin Corporation $LMT

Key Points

• Integrity Alliance LLC. significantly increased its stake in Lockheed Martin Corporation by 693.7% in Q1, owning 6,667 shares valued at approximately $2.98 million.
• Lockheed Martin reported $7.29 EPS for the latest quarter, exceeding estimates, with a slight revenue increase of 0.2% year-over-year.
• The company also declared a quarterly dividend of $3.30, representing an annualized dividend yield of 2.8%, which will be paid to stockholders on September 26th.

Integrity Alliance LLC. increased its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 693.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,667 shares of the aerospace company's stock after buying an additional 5,827 shares during the quarter. Integrity Alliance LLC.'s holdings in Lockheed Martin were worth $2,978,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in shares of Lockheed Martin by 5.0% during the 4th quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company's stock worth $1,941,000 after acquiring an additional 191 shares in the last quarter. Jefferies Financial Group Inc. bought a new stake in shares of Lockheed Martin during the 4th quarter worth $2,655,000. Janus Henderson Group PLC boosted its stake in shares of Lockheed Martin by 82.3% during the 4th quarter. Janus Henderson Group PLC now owns 28,621 shares of the aerospace company's stock worth $13,908,000 after acquiring an additional 12,924 shares in the last quarter. OMERS ADMINISTRATION Corp boosted its stake in shares of Lockheed Martin by 1.9% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 7,994 shares of the aerospace company's stock worth $3,885,000 after acquiring an additional 152 shares in the last quarter. Finally, NorthRock Partners LLC boosted its stake in shares of Lockheed Martin by 104.8% during the 4th quarter. NorthRock Partners LLC now owns 3,268 shares of the aerospace company's stock worth $1,588,000 after acquiring an additional 1,672 shares in the last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Stock Up 0.1%

Lockheed Martin stock traded up $0.37 during mid-day trading on Friday, hitting $471.10. 1,040,999 shares of the company's stock were exchanged, compared to its average volume of 1,324,107. 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 stock has a market cap of $109.98 billion, a P/E ratio of 26.53, a P/E/G ratio of 1.66 and a beta of 0.26. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $618.95. The stock has a 50 day moving average of $446.39 and a two-hundred day moving average of $458.33.

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 the consensus estimate of $6.57 by $0.72. The firm had revenue of $18.16 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the business posted $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be given a dividend of $3.30 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 2.8%. Lockheed Martin's dividend payout ratio (DPR) is 74.32%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Robert W. Baird reduced their price objective on Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. reduced their price objective on Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating for the company in a research note on Wednesday, July 23rd. Sanford C. Bernstein set a $551.00 target price on Lockheed Martin and gave the company a "market perform" rating in a report on Monday, July 14th. Alembic Global Advisors upgraded Lockheed Martin from a "neutral" rating to an "overweight" rating in a report on Thursday, August 28th. Finally, Susquehanna reduced their target price on Lockheed Martin from $550.00 to $490.00 and set a "positive" rating for the company in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fourteen have given a Hold rating to the company's stock. According to MarketBeat, Lockheed Martin presently has an average rating of "Hold" and an average price target 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.