Retirement Planning Group LLC Buys 626 Shares of Lockheed Martin Corporation $LMT

Retirement Planning Group LLC raised its stake in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 54.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,770 shares of the aerospace company's stock after purchasing an additional 626 shares during the quarter. Retirement Planning Group LLC's holdings in Lockheed Martin were worth $820,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in LMT. Charles Schwab Investment Management Inc. boosted its stake in shares of 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 worth $3,587,444,000 after acquiring an additional 560,457 shares during the period. Nuveen LLC bought a new position in shares of Lockheed Martin during the 1st quarter worth approximately $221,790,000. AQR Capital Management LLC boosted its stake in shares of Lockheed Martin by 76.7% during the 1st quarter. AQR Capital Management LLC now owns 808,232 shares of the aerospace company's stock worth $361,045,000 after acquiring an additional 350,796 shares during the period. T. Rowe Price Investment Management Inc. boosted its stake in shares of 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 worth $135,985,000 after acquiring an additional 302,684 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of 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 worth $333,859,000 after acquiring an additional 278,121 shares during the period. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Price Performance

Shares of NYSE LMT opened at $486.76 on Thursday. The stock has a market capitalization of $113.64 billion, a PE ratio of 27.18, a P/E/G ratio of 2.14 and a beta of 0.28. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83. The business has a fifty day moving average price of $475.56 and a two-hundred day moving average price of $465.67. Lockheed Martin Corporation has a fifty-two week low of $410.11 and a fifty-two week high of $582.18.

Lockheed Martin (NYSE:LMT - Get Free Report) last issued its quarterly earnings results on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.33 by $0.62. Lockheed Martin had a return on equity of 112.13% and a net margin of 5.73%.The company had revenue of $18.61 billion for the quarter, compared to analyst estimates of $18.45 billion. During the same quarter last year, the company posted $6.84 EPS. The company's revenue for the quarter was up 8.8% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. As a group, equities analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st will be paid a $3.45 dividend. This represents a $13.80 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Monday, December 1st. This is a positive change from Lockheed Martin's previous quarterly dividend of $3.30. Lockheed Martin's dividend payout ratio is 74.32%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. UBS Group reduced their target price on Lockheed Martin from $514.00 to $513.00 and set a "neutral" rating for the company in a research note on Wednesday. The Goldman Sachs Group lifted their price target on Lockheed Martin from $398.00 to $425.00 and gave the stock a "sell" rating in a report on Friday, October 10th. Truist Financial lifted their price target on Lockheed Martin from $440.00 to $500.00 and gave the stock a "hold" rating in a report on Wednesday, October 15th. Susquehanna lifted their price target on Lockheed Martin from $490.00 to $590.00 and gave the stock a "positive" rating in a report on Thursday, October 9th. Finally, JPMorgan Chase & Co. dropped their price target on Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating for the company in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $513.47.

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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