Lockheed Martin Corporation $LMT Shares Purchased by Calton & Associates Inc.

Key Points

• Calton & Associates Inc. increased its holdings in Lockheed Martin by 368.4%, now owning 4,333 shares valued at approximately $1.94 million, indicating strong institutional interest in the stock.
• Lockheed Martin reported a quarterly earnings per share of $7.29, exceeding estimates, although its revenue of $18.16 billion fell slightly short of the consensus forecast.
• The company announced a quarterly dividend of $3.30 per share, representing an annual yield of 2.9%, with a payout ratio of 74.32%.

Calton & Associates Inc. lifted its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 368.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,333 shares of the aerospace company's stock after acquiring an additional 3,408 shares during the quarter. Calton & Associates Inc.'s holdings in Lockheed Martin were worth $1,936,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Centric Wealth Management grew its position in shares of Lockheed Martin by 58.2% in the 1st quarter. Centric Wealth Management now owns 4,813 shares of the aerospace company's stock worth $2,150,000 after acquiring an additional 1,770 shares in the last quarter. Pinnacle Wealth Planning Services Inc. grew its position in shares of Lockheed Martin by 3.3% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 882 shares of the aerospace company's stock worth $394,000 after acquiring an additional 28 shares in the last quarter. Vident Advisory LLC grew its position in shares of Lockheed Martin by 70.8% in the 1st quarter. Vident Advisory LLC now owns 12,727 shares of the aerospace company's stock worth $5,686,000 after acquiring an additional 5,277 shares in the last quarter. Kodai Capital Management LP acquired a new position in shares of Lockheed Martin in the 1st quarter worth approximately $12,225,000. Finally, Evergreen Capital Management LLC grew its position in shares of Lockheed Martin by 91.0% in the 1st quarter. Evergreen Capital Management LLC now owns 21,230 shares of the aerospace company's stock worth $9,483,000 after acquiring an additional 10,115 shares in the last quarter. Institutional investors and hedge funds own 74.19% of the company's stock.

Lockheed Martin Stock Down 0.1%

Shares of Lockheed Martin stock opened at $455.58 on Friday. The business's fifty day moving average price is $446.99 and its two-hundred day moving average price is $456.60. 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 company has a market capitalization of $106.36 billion, a P/E ratio of 25.65, a PEG ratio of 1.60 and a beta of 0.27. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, beating the consensus estimate of $6.57 by $0.72. The firm had revenue of $18.16 billion for the quarter, compared to the consensus estimate of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The firm's revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, research analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $3.30 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $13.20 annualized dividend and a yield of 2.9%. Lockheed Martin's payout ratio is presently 74.32%.

Wall Street Analyst Weigh In

LMT has been the subject of several research reports. Wall Street Zen lowered Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Sanford C. Bernstein set a $551.00 price target on Lockheed Martin and gave the stock a "market perform" rating in a report on Monday, July 14th. Vertical Research reissued a "hold" rating and issued a $460.00 price target on shares of Lockheed Martin in a report on Tuesday, July 22nd. Susquehanna cut their price target on Lockheed Martin from $550.00 to $490.00 and set a "positive" rating on the stock in a report on Wednesday, July 23rd. Finally, Robert W. Baird cut their price target on Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating on the stock in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fourteen have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $506.35.

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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