Kestra Private Wealth Services LLC raised its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 1.9% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 39,607 shares of the aerospace company's stock after acquiring an additional 752 shares during the period. Kestra Private Wealth Services LLC's holdings in Lockheed Martin were worth $17,693,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in the company. TruNorth Capital Management LLC bought a new stake in Lockheed Martin in the 1st quarter worth about $31,000. Millstone Evans Group LLC purchased a new position in Lockheed Martin in the fourth quarter worth $32,000. Mizuho Securities Co. Ltd. purchased a new position in Lockheed Martin in the fourth quarter worth $34,000. Heck Capital Advisors LLC bought a new position in Lockheed Martin in the 4th quarter valued at $35,000. Finally, Redwood Park Advisors LLC purchased a new stake in shares of Lockheed Martin during the 4th quarter valued at $40,000. Institutional investors and hedge funds own 74.19% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on LMT. Truist Financial set a $554.00 price target on shares of Lockheed Martin and gave the company a "buy" rating in a research note on Friday, July 11th. Sanford C. Bernstein set a $551.00 price target on Lockheed Martin and gave the company a "market perform" rating in a research report on Monday, July 14th. Robert W. Baird upgraded Lockheed Martin from a "neutral" rating to an "outperform" rating and set a $540.00 price objective on the stock in a research note on Wednesday, April 23rd. Jefferies Financial Group reduced their target price on Lockheed Martin from $510.00 to $500.00 and set a "hold" rating for the company in a report on Monday, April 28th. Finally, Melius downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating in a report on Monday, March 24th. Twelve investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Lockheed Martin currently has an average rating of "Hold" and a consensus price target of $532.69.
Get Our Latest Report on Lockheed Martin
Lockheed Martin Stock Performance
NYSE:LMT traded down $5.06 on Friday, hitting $464.14. The stock had a trading volume of 1,843,659 shares, compared to its average volume of 1,374,525. The business's 50-day simple moving average is $469.37 and its two-hundred day simple moving average is $464.26. The company has a quick ratio of 0.91, a current ratio of 1.08 and a debt-to-equity ratio of 2.79. The stock has a market cap of $108.75 billion, a price-to-earnings ratio of 20.05, a price-to-earnings-growth ratio of 1.63 and a beta of 0.28. Lockheed Martin Corporation has a 52-week low of $418.88 and a 52-week high of $618.95.
Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The aerospace company reported $7.28 earnings per share for the quarter, topping analysts' consensus estimates of $6.34 by $0.94. The firm had revenue of $17.96 billion during the quarter, compared to analyst estimates of $17.83 billion. Lockheed Martin had a return on equity of 104.09% and a net margin of 7.66%. As a group, research analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.
Lockheed Martin Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be paid a $3.30 dividend. This represents a $13.20 annualized dividend and a yield of 2.84%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's payout ratio is currently 57.02%.
Lockheed Martin Profile
(
Free Report)
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.
Recommended Stories
Before you consider Lockheed Martin, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lockheed Martin wasn't on the list.
While Lockheed Martin currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
