GW Henssler & Associates Ltd. Has $17.18 Million Stock Holdings in Lockheed Martin Corporation $LMT

Key Points

• GW Henssler & Associates Ltd. increased its ownership of Lockheed Martin stock by 2.7%, bringing its total to 38,462 shares valued at approximately $17.18 million.
• Lockheed Martin recently reported earnings per share (EPS) of $7.29, exceeding analysts' estimates, with quarterly revenue reaching $18.16 billion.
• The company declared a dividend of $3.30 per share, with an annualized dividend yield of 2.9%, set to be paid on September 26th.

GW Henssler & Associates Ltd. grew its holdings in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 2.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 38,462 shares of the aerospace company's stock after acquiring an additional 1,024 shares during the quarter. GW Henssler & Associates Ltd.'s holdings in Lockheed Martin were worth $17,181,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. TruNorth Capital Management LLC bought a new stake in shares of Lockheed Martin in the 1st quarter worth $31,000. Heck Capital Advisors LLC bought a new stake in shares of Lockheed Martin in the 4th quarter worth $35,000. Banque Transatlantique SA bought a new stake in shares of Lockheed Martin in the 4th quarter worth $43,000. EQ Wealth Advisors LLC bought a new stake in shares of Lockheed Martin in the 1st quarter worth $43,000. Finally, Ritter Daniher Financial Advisory LLC DE acquired a new stake in shares of Lockheed Martin during the first quarter worth $45,000. Institutional investors own 74.19% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LMT. Royal Bank Of Canada cut their target price on Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating on the stock in a research report on Wednesday, July 23rd. Bank of America cut their target price on Lockheed Martin from $495.00 to $480.00 and set a "neutral" rating on the stock in a research report on Thursday, August 21st. Cowen lowered Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Thursday, July 10th. Robert W. Baird cut their target price on Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 23rd. Finally, UBS Group cut their target price on Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 23rd. One research 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's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $494.00.

Lockheed Martin Stock Up 1.6%

NYSE LMT traded up $6.99 on Thursday, reaching $456.05. The stock had a trading volume of 1,447,994 shares, compared to its average volume of 1,661,429. The business has a 50 day moving average price of $446.29 and a 200 day moving average price of $456.90. 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 1 year low of $410.11 and a 1 year high of $618.95. The company has a market capitalization of $106.47 billion, a price-to-earnings ratio of 25.68, a P/E/G ratio of 1.60 and a beta of 0.26.

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

Lockheed Martin Dividend Announcement

The company 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 $3.30 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 2.9%. Lockheed Martin's payout ratio is 74.32%.

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.