Martin Capital Partners LLC Purchases 4,399 Shares of Lockheed Martin Corporation $LMT

Key Points

• Martin Capital Partners LLC increased its stake in Lockheed Martin by 198.9% to 6,611 shares, now worth approximately $3.06 million.
• Lockheed Martin reported $7.29 earnings per share for the last quarter, surpassing analysts' expectations of $6.57, and had revenue of $18.16 billion.
• The company declared a quarterly dividend of $3.30 per share, equating to an annual yield of 2.8%, with the ex-dividend date set for September 2nd.

Martin Capital Partners LLC boosted its holdings in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 198.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,611 shares of the aerospace company's stock after purchasing an additional 4,399 shares during the period. Martin Capital Partners LLC's holdings in Lockheed Martin were worth $3,062,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. TruNorth Capital Management LLC purchased a new position in shares of Lockheed Martin during the 1st quarter worth approximately $31,000. Heck Capital Advisors LLC purchased a new position in shares of Lockheed Martin during the 4th quarter worth approximately $35,000. EQ Wealth Advisors LLC purchased a new position in shares of Lockheed Martin during the 1st quarter worth approximately $43,000. Ritter Daniher Financial Advisory LLC DE purchased a new position in shares of Lockheed Martin during the 1st quarter worth approximately $45,000. Finally, McIlrath & Eck LLC grew its holdings 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 worth $48,000 after acquiring an additional 66 shares during the period. Hedge funds and other institutional investors own 74.19% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on LMT. TD Cowen reiterated a "hold" rating and set a $480.00 target price (down previously from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. JPMorgan Chase & Co. cut their price target on Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 23rd. UBS Group cut their price target on Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 23rd. Susquehanna cut their price target on Lockheed Martin from $550.00 to $490.00 and set a "positive" rating on the stock in a research note on Wednesday, July 23rd. Finally, Vertical Research restated a "hold" rating and issued a $460.00 price target on shares of Lockheed Martin in a research note on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and fourteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $494.00.

Lockheed Martin Stock Up 0.1%

LMT stock traded up $0.30 during midday trading on Friday, hitting $473.92. The company's stock had a trading volume of 579,417 shares, compared to its average volume of 1,629,934. The company has a market cap of $110.64 billion, a PE ratio of 26.69, a P/E/G ratio of 1.66 and a beta of 0.26. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $618.95. The company has a current ratio of 0.98, a quick ratio of 0.83 and a debt-to-equity ratio of 3.47. The firm's 50-day moving average is $447.07 and its 200-day moving average is $458.94.

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

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders 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 dividend yield of 2.8%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio is presently 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.