Lockheed Martin Corporation $LMT Shares Bought by Focus Partners Wealth

Key Points

• Focus Partners Wealth increased its stake in Lockheed Martin by 2.0% in Q1, owning 111,955 shares worth approximately $50 million.
• Lockheed Martin's recent earnings report showed an EPS of $7.29, beating estimates, despite revenue slightly below expectations at $18.16 billion.
• The company announced a quarterly dividend of $3.30 per share, with a yield of 2.8% and a payout ratio of 74.32%.

Focus Partners Wealth boosted its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 2.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 111,955 shares of the aerospace company's stock after purchasing an additional 2,171 shares during the quarter. Focus Partners Wealth's holdings in Lockheed Martin were worth $50,012,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Integrity Alliance LLC. raised its position in Lockheed Martin by 693.7% in the 1st quarter. Integrity Alliance LLC. now owns 6,667 shares of the aerospace company's stock valued at $2,978,000 after purchasing an additional 5,827 shares during the last quarter. Ransom Advisory Ltd purchased a new stake in Lockheed Martin in the 1st quarter valued at $1,379,000. Glenview Trust co raised its position in Lockheed Martin by 1.3% in the 1st quarter. Glenview Trust co now owns 54,177 shares of the aerospace company's stock valued at $24,201,000 after purchasing an additional 696 shares during the last quarter. Advisory Alpha LLC raised its position in Lockheed Martin by 7.5% in the 1st quarter. Advisory Alpha LLC now owns 2,139 shares of the aerospace company's stock valued at $956,000 after purchasing an additional 149 shares during the last quarter. Finally, Alaethes Wealth LLC increased its stake in Lockheed Martin by 4.0% in the 1st quarter. Alaethes Wealth LLC now owns 3,514 shares of the aerospace company's stock valued at $1,570,000 after buying an additional 136 shares during the period. Hedge funds and other institutional investors own 74.19% of the company's stock.

Lockheed Martin Price Performance

Shares of LMT traded up $0.37 during trading hours on Friday, reaching $471.10. The company had a trading volume of 1,040,999 shares, compared to its average volume of 1,324,107. The firm has a 50 day simple moving average of $446.39 and a 200-day simple moving average of $458.33. 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 company has a market capitalization of $109.98 billion, a price-to-earnings ratio of 26.53, a PEG ratio of 1.66 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.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted 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. 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 during the quarter, compared to the consensus estimate of $18.59 billion. During the same period last year, the firm posted $7.11 EPS. The firm's revenue for the quarter was up .2% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Research analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share 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 issued a dividend of $3.30 per share. This represents a $13.20 annualized dividend and a yield of 2.8%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio (DPR) is 74.32%.

Wall Street Analysts Forecast Growth

LMT has been the topic of several recent research reports. Susquehanna dropped their price objective 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. Sanford C. Bernstein set a $551.00 price objective on shares of Lockheed Martin and gave the company a "market perform" rating in a research note on Monday, July 14th. JPMorgan Chase & Co. dropped their price objective 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. Wall Street Zen cut shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Finally, Truist Financial cut shares of Lockheed Martin from a "buy" rating to a "hold" rating and dropped their price objective for the company from $554.00 to $440.00 in a research note on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and fourteen have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $494.00.

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.