Investmark Advisory Group LLC Acquires 770 Shares of Lockheed Martin Corporation $LMT

Key Points

• Investmark Advisory Group LLC increased its holdings in Lockheed Martin Corporation by 20.2% in Q1, now owning 4,590 shares valued at over $2 million.
• Analysts have downgraded Lockheed Martin's stock ratings, with price targets adjusted down to between $453.00 and $500.00, resulting in an average rating of "Hold."
• Lockheed Martin recently reported a quarterly EPS of $7.29, exceeding analyst expectations, and declared a quarterly dividend of $3.30 per share with a yield of 2.9%.

Investmark Advisory Group LLC boosted its stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 20.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,590 shares of the aerospace company's stock after purchasing an additional 770 shares during the quarter. Investmark Advisory Group LLC's holdings in Lockheed Martin were worth $2,051,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in LMT. TruNorth Capital Management LLC acquired a new stake in shares of Lockheed Martin in the 1st quarter valued at about $31,000. Heck Capital Advisors LLC acquired a new stake in shares of Lockheed Martin in the 4th quarter valued at approximately $35,000. EQ Wealth Advisors LLC purchased a new position in Lockheed Martin in the 1st quarter valued at approximately $43,000. Ritter Daniher Financial Advisory LLC DE purchased a new position in Lockheed Martin in the 1st quarter valued at approximately $45,000. Finally, Dagco Inc. purchased a new position in Lockheed Martin during the first quarter worth $50,000. Hedge funds and other institutional investors own 74.19% of the company's stock.

Lockheed Martin Stock Up 1.5%

Lockheed Martin stock traded up $6.83 during midday trading on Friday, hitting $463.68. The stock had a trading volume of 1,464,488 shares, compared to its average volume of 1,393,759. 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 $108.25 billion, a P/E ratio of 26.11, a P/E/G ratio of 1.63 and a beta of 0.26. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $618.95. The business has a fifty day moving average price of $446.34 and a 200 day moving average price of $457.69.

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, beating the consensus estimate of $6.57 by $0.72. The company had revenue of $18.16 billion during the quarter, compared to analyst estimates of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The business's revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the company earned $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Research analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Royal Bank Of Canada lowered their price objective on Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating for the company in a research report on Wednesday, July 23rd. Susquehanna reduced their target price on Lockheed Martin from $550.00 to $490.00 and set a "positive" rating on the stock in a report on Wednesday, July 23rd. Bank of America reduced their target price on Lockheed Martin from $495.00 to $480.00 and set a "neutral" rating on the stock in a report on Thursday, August 21st. Alembic Global Advisors upgraded Lockheed Martin from a "neutral" rating to an "overweight" rating in a report on Thursday, August 28th. Finally, Cowen cut Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $494.00.

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.