Modern Wealth Management LLC Raises Position in Lockheed Martin Corporation $LMT

Modern Wealth Management LLC lifted its stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 170.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,923 shares of the aerospace company's stock after buying an additional 1,844 shares during the period. Modern Wealth Management LLC's holdings in Lockheed Martin were worth $1,306,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of LMT. Entropy Technologies LP lifted its stake in shares of Lockheed Martin by 410.2% in the first quarter. Entropy Technologies LP now owns 17,626 shares of the aerospace company's stock worth $7,874,000 after acquiring an additional 14,171 shares in the last quarter. PTM Wealth Management LLC acquired a new position in shares of Lockheed Martin in the first quarter worth about $377,000. First American Bank lifted its stake in shares of Lockheed Martin by 18.8% in the first quarter. First American Bank now owns 8,393 shares of the aerospace company's stock worth $3,749,000 after acquiring an additional 1,327 shares in the last quarter. Cantor Fitzgerald Investment Advisors L.P. lifted its stake in shares of Lockheed Martin by 18.6% in the first quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 17,129 shares of the aerospace company's stock worth $7,652,000 after acquiring an additional 2,686 shares in the last quarter. Finally, State of Wyoming lifted its stake in shares of Lockheed Martin by 93.9% in the fourth quarter. State of Wyoming now owns 1,113 shares of the aerospace company's stock worth $541,000 after acquiring an additional 539 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company's stock.

Lockheed Martin Price Performance

LMT opened at $471.10 on Friday. The stock has a fifty day moving average of $446.39 and a 200-day moving average of $458.33. The firm has a market capitalization of $109.98 billion, a P/E ratio of 26.53, a PEG 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 quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47.

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

Lockheed Martin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors 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 is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio (DPR) is currently 74.32%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Royal Bank Of Canada cut their price target on Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating on the stock in a research note on Wednesday, July 23rd. 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. Truist Financial cut Lockheed Martin from a "buy" rating to a "hold" rating and cut their price objective for the company from $554.00 to $440.00 in a research note on Wednesday, July 23rd. Sanford C. Bernstein set a $551.00 price objective on Lockheed Martin and gave the company a "market perform" rating in a research note on Monday, July 14th. Finally, Cowen cut Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Thursday, July 10th. One 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. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target 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.

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