Lockheed Martin Corporation $LMT Stock Position Boosted by U.S. Capital Wealth Advisors LLC

Key Points

• U.S. Capital Wealth Advisors LLC increased its stake in Lockheed Martin by 20.5%, bringing its total share count to 6,660, with a reported value of $3,085,000.
• Lockheed Martin recently reported a quarterly EPS of $7.29, exceeding analysts' expectations and setting its FY 2025 EPS guidance between 21.700-22.000.
• The company declared a quarterly dividend of $3.30 per share, which reflects a 2.7% yield, with an ex-dividend date of September 2nd.

U.S. Capital Wealth Advisors LLC raised its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 20.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,660 shares of the aerospace company's stock after acquiring an additional 1,131 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in Lockheed Martin were worth $3,085,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. TruNorth Capital Management LLC bought a new position in shares of Lockheed Martin during the 1st quarter valued at about $31,000. Heck Capital Advisors LLC bought a new position in shares of Lockheed Martin during the 4th quarter valued at about $35,000. EQ Wealth Advisors LLC bought a new position in shares of Lockheed Martin during the 1st quarter valued at about $43,000. Ritter Daniher Financial Advisory LLC DE bought a new position in shares of Lockheed Martin during the 1st quarter valued at about $45,000. Finally, McIlrath & Eck LLC boosted its position in shares of Lockheed Martin by 161.0% during the 1st 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. Institutional investors own 74.19% of the company's stock.

Lockheed Martin Trading Up 1.6%

NYSE:LMT opened at $480.50 on Tuesday. The stock's 50 day moving average price is $447.32 and its 200 day moving average price is $459.12. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $618.95. The company has a market capitalization of $112.18 billion, a P/E ratio of 27.05, a P/E/G ratio of 1.66 and a beta of 0.26. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, beating the consensus estimate of $6.57 by $0.72. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The company had revenue of $18.16 billion for the quarter, compared to the consensus estimate of $18.59 billion. During the same quarter last year, the company posted $7.11 earnings per share. The company's revenue for the quarter 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, research analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

The business also recently declared 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 2.7%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio (DPR) is 74.32%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. 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 note on Thursday, August 21st. 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. Alembic Global Advisors raised shares of Lockheed Martin from a "neutral" rating to an "overweight" rating in a research note on Thursday, August 28th. Wall Street Zen lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating for the company in a research note 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 assigned a Hold rating to the company's stock. According to MarketBeat, Lockheed Martin currently has a consensus rating of "Hold" and an average target price of $494.00.

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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