Lockheed Martin Corporation $LMT Shares Acquired by Mutual Advisors LLC

Key Points

• Mutual Advisors LLC increased its position in Lockheed Martin Corporation by 9.0%, acquiring an additional 1,017 shares and bringing its total holdings to 12,298 shares valued at approximately $5.18 million.
• Lockheed Martin's quarterly earnings topped analysts' expectations with $7.29 earnings per share, surpassing the consensus estimate of $6.57, despite revenue slightly missing expectations.
• The company announced a quarterly dividend increase to $3.45 per share, up from $3.30, representing an annualized dividend of $13.80 with a yield of 2.8%.

Mutual Advisors LLC boosted its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 9.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,298 shares of the aerospace company's stock after purchasing an additional 1,017 shares during the period. Mutual Advisors LLC's holdings in Lockheed Martin were worth $5,180,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in LMT. Brighton Jones LLC lifted its position in Lockheed Martin by 5.0% in the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company's stock valued at $1,941,000 after purchasing an additional 191 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Lockheed Martin by 15.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 228,483 shares of the aerospace company's stock valued at $102,067,000 after purchasing an additional 30,890 shares during the period. Grove Bank & Trust lifted its position in Lockheed Martin by 14.8% in the first quarter. Grove Bank & Trust now owns 855 shares of the aerospace company's stock valued at $382,000 after purchasing an additional 110 shares during the period. Inscription Capital LLC acquired a new stake in Lockheed Martin in the first quarter valued at about $378,000. Finally, Chicago Capital LLC lifted its position in Lockheed Martin by 30.3% in the first quarter. Chicago Capital LLC now owns 2,174 shares of the aerospace company's stock valued at $971,000 after purchasing an additional 505 shares during the period. Institutional investors and hedge funds own 74.19% of the company's stock.

Lockheed Martin Trading Down 1.2%

Shares of LMT opened at $499.17 on Thursday. 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 firm has a 50 day simple moving average of $469.31 and a 200-day simple moving average of $464.06. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $618.95. The stock has a market cap of $116.54 billion, a price-to-earnings ratio of 28.11, a price-to-earnings-growth ratio of 1.78 and a beta of 0.28.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, topping analysts' consensus estimates of $6.57 by $0.72. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The business had revenue of $18.16 billion during the quarter, compared to analysts' expectations of $18.59 billion. During the same period last year, the company posted $7.11 EPS. The company's revenue was up .2% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Equities analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st will be paid a dividend of $3.45 per share. This is a positive change from Lockheed Martin's previous quarterly dividend of $3.30. The ex-dividend date of this dividend is Monday, December 1st. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.8%. Lockheed Martin's dividend payout ratio is 77.70%.

Wall Street Analysts Forecast Growth

LMT has been the subject of a number of recent analyst reports. Morgan Stanley raised their price objective on shares of Lockheed Martin from $530.00 to $630.00 and gave the company an "overweight" rating in a research report on Wednesday. Alembic Global Advisors raised shares of Lockheed Martin from a "neutral" rating to an "overweight" rating in a report on Thursday, August 28th. Wall Street Zen cut shares of Lockheed Martin from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Royal Bank Of Canada increased their target price on shares of Lockheed Martin from $440.00 to $525.00 and gave the company a "sector perform" rating in a report on Tuesday, October 7th. Finally, The Goldman Sachs Group increased their target price on shares of Lockheed Martin from $398.00 to $425.00 and gave the company a "sell" rating in a report on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $510.29.

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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