Lockheed Martin Corporation $LMT Shares Purchased by Calamos Wealth Management LLC

Key Points

• Calamos Wealth Management LLC increased its holdings in Lockheed Martin Corporation by 120.2% during Q2, now owning 7,056 shares valued at approximately $3.3 million.
• Lockheed Martin announced a quarterly dividend increase to $3.45 per share, payable on December 30, with an annualized yield of 2.8%.
• The company reported $7.29 earnings per share for its last quarter, surpassing analysts' expectations, while achieving revenue of $18.16 billion, slightly below estimates.

Calamos Wealth Management LLC boosted its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 120.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,056 shares of the aerospace company's stock after purchasing an additional 3,851 shares during the quarter. Calamos Wealth Management LLC's holdings in Lockheed Martin were worth $3,268,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in Lockheed Martin by 5.0% in the 4th 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 in the last quarter. ORG Wealth Partners LLC grew its holdings in Lockheed Martin by 122.4% in the 1st quarter. ORG Wealth Partners LLC now owns 169 shares of the aerospace company's stock valued at $76,000 after buying an additional 93 shares in the last quarter. Advisor Resource Council purchased a new stake in Lockheed Martin in the 1st quarter valued at $570,000. Carret Asset Management LLC grew its holdings in Lockheed Martin by 3.3% in the 1st quarter. Carret Asset Management LLC now owns 1,882 shares of the aerospace company's stock valued at $841,000 after buying an additional 60 shares in the last quarter. Finally, Jamison Private Wealth Management Inc. grew its holdings in Lockheed Martin by 1.6% in the 1st quarter. Jamison Private Wealth Management Inc. now owns 17,917 shares of the aerospace company's stock valued at $8,004,000 after buying an additional 290 shares in the last quarter. 74.19% of the stock is owned by institutional investors and hedge funds.

Lockheed Martin Stock Performance

NYSE LMT opened at $495.24 on Friday. The stock has a market cap of $115.62 billion, a PE ratio of 27.89, a P/E/G ratio of 1.74 and a beta of 0.28. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $618.95. The stock has a fifty day simple moving average of $471.93 and a 200-day simple moving average of $464.78.

Lockheed Martin (NYSE:LMT - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $18.16 billion during the quarter, compared to analysts' expectations of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The company's revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the business posted $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Equities analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be paid a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a yield of 2.8%. 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. Lockheed Martin's dividend payout ratio is currently 77.70%.

Analyst Upgrades and Downgrades

LMT has been the subject of several analyst reports. Truist Financial upped their target price on Lockheed Martin from $440.00 to $500.00 and gave the company a "hold" rating in a report on Wednesday. Sanford C. Bernstein set a $551.00 target price on Lockheed Martin and gave the company a "market perform" rating in a report on Monday, July 14th. JPMorgan Chase & Co. dropped their target price on Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. TD Cowen restated a "hold" rating and issued a $480.00 target price (down from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. Finally, Susquehanna increased their price target on Lockheed Martin from $490.00 to $590.00 and gave the stock a "positive" rating in a report on Thursday, October 9th. One investment 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 company. According to MarketBeat, Lockheed Martin presently has an average rating of "Hold" and a consensus price target of $510.29.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.