Lockheed Martin Corporation $LMT Shares Purchased by Biondo Investment Advisors LLC

Key Points

• Biondo Investment Advisors LLC increased its holdings in Lockheed Martin by 4.8%, owning a total of 22,667 shares valued at $10.125 million.
• Lockheed Martin reported an EPS of $7.29 for the last quarter, exceeding estimates, and set its FY 2025 guidance between $21.700 and $22.000 EPS.
• The company will pay a quarterly dividend of $3.30 on September 26th, representing an annualized yield of 3.0%.

Biondo Investment Advisors LLC lifted its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 4.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,667 shares of the aerospace company's stock after acquiring an additional 1,042 shares during the quarter. Biondo Investment Advisors LLC's holdings in Lockheed Martin were worth $10,125,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. TruNorth Capital Management LLC acquired a new stake in Lockheed Martin during the first quarter valued at $31,000. Heck Capital Advisors LLC purchased a new position in shares of Lockheed Martin in the fourth quarter worth about $35,000. Banque Transatlantique SA purchased a new position in shares of Lockheed Martin in the fourth quarter worth about $43,000. EQ Wealth Advisors LLC purchased a new position in shares of Lockheed Martin in the first quarter worth about $43,000. Finally, Ritter Daniher Financial Advisory LLC DE purchased a new position in shares of Lockheed Martin in the first quarter worth about $45,000. Institutional investors and hedge funds own 74.19% of the company's stock.

Lockheed Martin Price Performance

Shares of LMT stock opened at $445.7320 on Friday. The firm's 50-day moving average is $448.65 and its two-hundred day moving average is $456.29. The company has a market capitalization of $104.06 billion, a PE ratio of 25.10, a price-to-earnings-growth ratio of 1.57 and a beta of 0.27. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $618.95. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, topping the consensus estimate of $6.57 by $0.72. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The firm had revenue of $18.16 billion for the quarter, compared to analyst estimates of $18.59 billion. During the same period in the prior year, the business posted $7.11 EPS. The business's revenue for the quarter was up .2% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share 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 issued a $3.30 dividend. This represents a $13.20 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio is currently 74.32%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on LMT shares. Susquehanna decreased their price target on shares of Lockheed Martin from $550.00 to $490.00 and set a "positive" rating on the stock in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. decreased their price target on shares of Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 23rd. Bank of America decreased their price target on shares of Lockheed Martin from $495.00 to $480.00 and set a "neutral" rating on the stock in a research note on Thursday. Sanford C. Bernstein set a $551.00 price target on shares of Lockheed Martin and gave the stock a "market perform" rating in a research note on Monday, July 14th. Finally, Vertical Research reissued a "hold" rating and issued a $460.00 price target on shares of Lockheed Martin in a research note on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and fourteen have given a Hold rating to the company. According to data from MarketBeat, Lockheed Martin presently has an average rating of "Hold" and a consensus price target of $506.35.

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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