LifeWealth Investments LLC Boosts Stock Holdings in Lockheed Martin Corporation $LMT

Key Points

• LifeWealth Investments LLC raised its stake in Lockheed Martin Corporation by 90.8%, increasing its holdings to 1,576 shares valued at approximately $730,000.
• Lockheed Martin reported strong earnings, with $6.95 earnings per share for the quarter, surpassing estimates and reflecting an 8.8% revenue growth year-over-year.
• The company announced a quarterly dividend increase from $3.30 to $3.45, with a yield of 2.8%, set to be paid on December 30th.

LifeWealth Investments LLC raised its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 90.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,576 shares of the aerospace company's stock after purchasing an additional 750 shares during the period. LifeWealth Investments LLC's holdings in Lockheed Martin were worth $730,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Brighton Jones LLC increased its position in shares of Lockheed Martin by 5.0% during the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company's stock valued at $1,941,000 after buying an additional 191 shares during the period. Asset Management One Co. Ltd. increased its position in shares of Lockheed Martin by 4.0% in the first quarter. Asset Management One Co. Ltd. now owns 90,872 shares of the aerospace company's stock worth $40,593,000 after purchasing an additional 3,523 shares during the last quarter. GHP Investment Advisors Inc. grew its position in Lockheed Martin by 10.4% during the first quarter. GHP Investment Advisors Inc. now owns 5,714 shares of the aerospace company's stock valued at $2,553,000 after acquiring an additional 538 shares during the last quarter. Legacy Advisors LLC grew its position in Lockheed Martin by 12.0% during the first quarter. Legacy Advisors LLC now owns 974 shares of the aerospace company's stock valued at $435,000 after acquiring an additional 104 shares during the last quarter. Finally, Consolidated Portfolio Review Corp grew its position in Lockheed Martin by 32.0% during the first quarter. Consolidated Portfolio Review Corp now owns 1,828 shares of the aerospace company's stock valued at $817,000 after acquiring an additional 443 shares during the last quarter. Hedge funds and other institutional investors own 74.19% of the company's stock.

Analyst Upgrades and Downgrades

LMT has been the topic of a number of recent research reports. Royal Bank Of Canada increased their price target on shares of Lockheed Martin from $440.00 to $525.00 and gave the company a "sector perform" rating in a research report on Tuesday, October 7th. Deutsche Bank Aktiengesellschaft set a $519.00 price target on shares of Lockheed Martin and gave the company a "hold" rating in a research report on Wednesday, October 8th. UBS Group dropped their price objective on Lockheed Martin from $514.00 to $513.00 and set a "neutral" rating for the company in a research note on Wednesday. Robert W. Baird increased their price objective on Lockheed Martin from $500.00 to $550.00 and gave the company an "outperform" rating in a research note on Monday, October 6th. Finally, The Goldman Sachs Group increased their price objective on Lockheed Martin from $398.00 to $425.00 and gave the company a "sell" rating in a research note on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $513.47.

Lockheed Martin Price Performance

Shares of NYSE:LMT opened at $486.76 on Thursday. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $582.18. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83. The business has a fifty day moving average price of $475.56 and a 200-day moving average price of $465.67. The company has a market capitalization of $113.64 billion, a PE ratio of 27.18, a PEG ratio of 2.14 and a beta of 0.28.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share for the quarter, beating the consensus estimate of $6.33 by $0.62. Lockheed Martin had a return on equity of 112.13% and a net margin of 5.73%.The firm had revenue of $18.61 billion during the quarter, compared to the consensus estimate of $18.45 billion. During the same period last year, the company earned $6.84 earnings per share. The company's revenue was up 8.8% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. As a group, equities analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be given 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 2.8%. Lockheed Martin's payout ratio is 74.32%.

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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