Lockheed Martin Corporation $LMT Shares Purchased by McKinley Carter Wealth Services Inc.

Key Points

• McKinley Carter Wealth Services Inc. increased its stake in Lockheed Martin by 10.2% in Q2, now owning 7,363 shares valued at approximately $3.41 million.
• Lockheed Martin recently declared an increase in its quarterly dividend to $3.45 per share, effective December 30th, with an annualized dividend yield of 2.7%.
• Analysts have mixed ratings on Lockheed Martin, with one upgrade to "overweight" and a consensus price target of $503.13, indicating a cautious outlook among several firms.

McKinley Carter Wealth Services Inc. raised its stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 10.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,363 shares of the aerospace company's stock after buying an additional 681 shares during the period. McKinley Carter Wealth Services Inc.'s holdings in Lockheed Martin were worth $3,410,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of LMT. Charles Schwab Investment Management Inc. increased its stake in Lockheed Martin by 7.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,031,528 shares of the aerospace company's stock valued at $3,587,444,000 after buying an additional 560,457 shares during the period. Nuveen LLC acquired a new position in Lockheed Martin during the 1st quarter valued at about $221,790,000. AQR Capital Management LLC increased its stake in Lockheed Martin by 76.7% during the 1st quarter. AQR Capital Management LLC now owns 808,232 shares of the aerospace company's stock valued at $361,045,000 after buying an additional 350,796 shares during the period. T. Rowe Price Investment Management Inc. increased its stake in Lockheed Martin by 17,506.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 304,413 shares of the aerospace company's stock valued at $135,985,000 after buying an additional 302,684 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in Lockheed Martin by 59.3% during the 1st quarter. The Manufacturers Life Insurance Company now owns 747,373 shares of the aerospace company's stock valued at $333,859,000 after buying an additional 278,121 shares during the period. Institutional investors and hedge funds own 74.19% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on LMT shares. Alembic Global Advisors upgraded shares of Lockheed Martin from a "neutral" rating to an "overweight" rating in a research report on Thursday, August 28th. Bank of America reduced their price objective on shares of Lockheed Martin from $495.00 to $480.00 and set a "neutral" rating for the company in a research report on Thursday, August 21st. Truist Financial lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating and reduced their price objective for the company from $554.00 to $440.00 in a research report on Wednesday, July 23rd. Vertical Research restated a "hold" rating and set a $460.00 price objective on shares of Lockheed Martin in a research report on Tuesday, July 22nd. Finally, Susquehanna raised their target price on shares of Lockheed Martin from $490.00 to $590.00 and gave the stock a "positive" rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and fifteen have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $503.13.

Lockheed Martin Stock Performance

LMT stock opened at $507.51 on Friday. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98. The stock has a market cap of $118.49 billion, a P/E ratio of 28.58, a P/E/G ratio of 1.81 and a beta of 0.28. The firm has a 50 day simple moving average of $463.21 and a 200 day simple moving average of $462.39. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, topping the consensus estimate 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 net margin of 5.85% and a return on equity of 107.60%. The firm's quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the company posted $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Research analysts anticipate that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be issued a dividend of $3.45 per share. This is an increase from Lockheed Martin's previous quarterly dividend of $3.30. This represents a $13.80 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Monday, December 1st. Lockheed Martin's dividend payout ratio is 74.32%.

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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