Lockheed Martin Corporation $LMT Shares Bought by Focus Partners Advisor Solutions LLC

Key Points

• Focus Partners Advisor Solutions LLC increased its stake in Lockheed Martin by 5.0%, owning a total of 12,429 shares valued at approximately $5.76 million as of the latest filing with the SEC.
• Lockheed Martin announced a quarterly dividend of $3.45 to be paid on December 30th, which marks an increase from the previous dividend of $3.30.
• Despite a recent dip in share price, Lockheed Martin reported quarterly earnings of $6.95 EPS, surpassing analysts' expectations by $0.62 and showing an 8.8% increase in revenue year-over-year.

Focus Partners Advisor Solutions LLC boosted its holdings in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 5.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,429 shares of the aerospace company's stock after buying an additional 593 shares during the period. Focus Partners Advisor Solutions LLC's holdings in Lockheed Martin were worth $5,756,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Mid American Wealth Advisory Group Inc. acquired a new position in Lockheed Martin during the 2nd quarter valued at about $28,000. TruNorth Capital Management LLC acquired a new position in Lockheed Martin during the 1st quarter valued at about $31,000. Frazier Financial Advisors LLC acquired a new position in Lockheed Martin during the 2nd quarter valued at about $34,000. GFG Capital LLC acquired a new position in Lockheed Martin during the 2nd quarter valued at about $43,000. Finally, Bernard Wealth Management Corp. increased its position in Lockheed Martin by 251.9% during the 2nd quarter. Bernard Wealth Management Corp. now owns 95 shares of the aerospace company's stock valued at $44,000 after buying an additional 68 shares in the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have weighed in on LMT shares. Vertical Research reiterated a "hold" rating and set a $460.00 price target on shares of Lockheed Martin in a research note on Tuesday, July 22nd. Cowen downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Thursday, July 10th. Truist Financial boosted their price target on Lockheed Martin from $440.00 to $500.00 and gave the company a "hold" rating in a research note on Wednesday, October 15th. TD Cowen reiterated a "hold" rating and set a $480.00 price target (down previously from $500.00) on shares of Lockheed Martin in a research note on Thursday, July 10th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Lockheed Martin in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $513.47.

Lockheed Martin Stock Down 0.5%

Shares of LMT opened at $485.59 on Friday. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $576.43. The company has a quick ratio of 0.83, a current ratio of 1.13 and a debt-to-equity ratio of 3.32. The company has a market capitalization of $112.37 billion, a price-to-earnings ratio of 27.11, a PEG ratio of 1.61 and a beta of 0.28. The stock's 50-day moving average price is $477.51 and its 200-day moving average price is $466.37.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its earnings results on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, topping analysts' consensus estimates of $6.33 by $0.62. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.The firm had revenue of $18.61 billion for the quarter, compared to the consensus estimate of $18.45 billion. During the same quarter in the prior year, the business earned $6.84 earnings per share. The company's revenue was up 8.8% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. On average, sell-side analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st will be paid a $3.45 dividend. The ex-dividend date is Monday, December 1st. This is a positive change from Lockheed Martin's previous quarterly dividend of $3.30. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.8%. Lockheed Martin's dividend payout ratio (DPR) is currently 77.05%.

Lockheed Martin 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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