Intrua Financial LLC Has $1.68 Million Stock Position in Lockheed Martin Corporation $LMT

Key Points

• Intrua Financial LLC increased its stake in Lockheed Martin Corporation by 42.9%, now holding 3,750 shares valued at $1,675,000.
• Lockheed Martin reported a quarterly EPS of $7.29, exceeding analyst expectations, with revenue slightly decreasing year-over-year to $18.16 billion.
• The company announced a quarterly dividend of $3.30 per share, reflecting an annual yield of 2.8%, with the ex-dividend date set for September 2nd.

Intrua Financial LLC raised its position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 42.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,750 shares of the aerospace company's stock after purchasing an additional 1,126 shares during the period. Intrua Financial LLC's holdings in Lockheed Martin were worth $1,675,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. TruNorth Capital Management LLC acquired a new position in Lockheed Martin during the first quarter valued at approximately $31,000. Heck Capital Advisors LLC acquired a new position in Lockheed Martin during the fourth quarter valued at approximately $35,000. EQ Wealth Advisors LLC acquired a new position in Lockheed Martin during the first quarter valued at approximately $43,000. Ritter Daniher Financial Advisory LLC DE acquired a new position in Lockheed Martin during the first quarter valued at approximately $45,000. Finally, McIlrath & Eck LLC raised its position in Lockheed Martin by 161.0% during the first quarter. McIlrath & Eck LLC now owns 107 shares of the aerospace company's stock valued at $48,000 after purchasing an additional 66 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Trading Up 0.1%

Shares of Lockheed Martin stock traded up $0.37 during trading on Friday, hitting $471.10. The company's stock had a trading volume of 1,040,999 shares, compared to its average volume of 1,324,107. 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 Corporation has a 52 week low of $410.11 and a 52 week high of $618.95. The stock has a market cap of $109.98 billion, a price-to-earnings ratio of 26.53, a price-to-earnings-growth ratio of 1.66 and a beta of 0.26. The stock has a 50-day moving average price of $446.39 and a two-hundred day moving average price of $458.21.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share 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 company had revenue of $18.16 billion for the quarter, compared to analysts' expectations of $18.59 billion. During the same quarter in the previous year, the firm posted $7.11 earnings per share. Lockheed Martin'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. Equities research analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be given a dividend of $3.30 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 2.8%. Lockheed Martin's dividend payout ratio is 74.32%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. UBS Group lowered their price target on shares of Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating for the company in a report on Wednesday, July 23rd. TD Cowen reiterated a "hold" rating and set a $480.00 price target (down from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. Susquehanna lowered their price target on shares of Lockheed Martin from $550.00 to $490.00 and set a "positive" rating for the company in a report on Wednesday, July 23rd. Truist Financial downgraded shares of Lockheed Martin from a "buy" rating to a "hold" rating and lowered their price target for the stock from $554.00 to $440.00 in a report on Wednesday, July 23rd. Finally, Robert W. Baird lowered their price target on shares of Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating for the company in a report on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and fourteen have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $494.00.

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.