Lockheed Martin Corporation $LMT Stock Position Raised by Sage Mountain Advisors LLC

Key Points

• Sage Mountain Advisors LLC increased its stake in Lockheed Martin Corporation by 50.7% in Q2, now owning 1,734 shares valued at $803,000.
• Lockheed Martin has declared a quarterly dividend of $3.45, an increase from the previous $3.30, with a dividend yield of 2.8%.
• The stock received mixed analyst ratings, with a consensus rating of "Hold" and a target price of $513.47, highlighting varying perceptions of its future performance.

Sage Mountain Advisors LLC grew its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 50.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,734 shares of the aerospace company's stock after acquiring an additional 583 shares during the period. Sage Mountain Advisors LLC's holdings in Lockheed Martin were worth $803,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of LMT. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Lockheed Martin in the second quarter valued at about $28,000. TruNorth Capital Management LLC acquired a new stake in Lockheed Martin in the 1st quarter valued at approximately $31,000. Frazier Financial Advisors LLC bought a new position in Lockheed Martin in the 2nd quarter worth approximately $34,000. GFG Capital LLC acquired a new position in shares of Lockheed Martin during the second quarter worth approximately $43,000. Finally, Bernard Wealth Management Corp. boosted its position in shares of Lockheed Martin by 251.9% in the second quarter. Bernard Wealth Management Corp. now owns 95 shares of the aerospace company's stock valued at $44,000 after acquiring an additional 68 shares during the period. Institutional investors and hedge funds own 74.19% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on LMT shares. Alembic Global Advisors raised shares of Lockheed Martin from a "neutral" rating to an "overweight" rating in a research report on Thursday, August 28th. UBS Group cut their price target on Lockheed Martin from $514.00 to $513.00 and set a "neutral" rating for the company in a report on Wednesday. Weiss Ratings reissued a "hold (c)" rating on shares of Lockheed Martin in a report on Saturday. JPMorgan Chase & Co. lowered their price objective on Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 23rd. Finally, Wall Street Zen raised Lockheed Martin from a "hold" rating to a "buy" rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $513.47.

Lockheed Martin Price Performance

Lockheed Martin stock opened at $485.59 on Friday. The business's fifty day moving average is $477.51 and its two-hundred day moving average is $466.54. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.83 and a current ratio of 1.13. The firm has a market cap of $112.37 billion, a P/E ratio of 27.11, a P/E/G ratio of 1.60 and a beta of 0.28. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $576.43.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share for the quarter, topping analysts' consensus estimates of $6.33 by $0.62. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The company had revenue of $18.61 billion during the quarter, compared to the consensus estimate of $18.45 billion. During the same period in the previous year, the firm posted $6.84 earnings per share. The company's revenue was up 8.8% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. Equities research analysts forecast 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. Stockholders of record on Monday, December 1st will be given a $3.45 dividend. The ex-dividend date is Monday, December 1st. This represents a $13.80 annualized dividend and a dividend yield of 2.8%. This is an increase from Lockheed Martin's previous quarterly dividend of $3.30. Lockheed Martin's dividend payout ratio is 73.70%.

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.

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