Lockheed Martin Corporation $LMT Stock Position Lifted by S.E.E.D. Planning Group LLC

Key Points

• S.E.E.D. Planning Group LLC increased its holdings in Lockheed Martin by 6.2%, now owning 20,487 shares valued at approximately $9.5 million, making it the 16th largest holding in their portfolio.
• Lockheed Martin's latest earnings report indicated an impressive $7.29 EPS, surpassing analysts' expectations, with a revenue of $18.16 billion, slightly below estimates.
• The company declared a quarterly dividend of $3.30 scheduled for payment on September 26th, yielding an annualized rate of 2.8% with a dividend payout ratio of 74.32%.

S.E.E.D. Planning Group LLC boosted its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 6.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,487 shares of the aerospace company's stock after buying an additional 1,199 shares during the quarter. Lockheed Martin makes up about 3.0% of S.E.E.D. Planning Group LLC's holdings, making the stock its 16th largest position. S.E.E.D. Planning Group LLC's holdings in Lockheed Martin were worth $9,488,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Entropy Technologies LP lifted its stake in Lockheed Martin by 410.2% during the first quarter. Entropy Technologies LP now owns 17,626 shares of the aerospace company's stock worth $7,874,000 after purchasing an additional 14,171 shares during the last quarter. PTM Wealth Management LLC purchased a new position in shares of Lockheed Martin during the 1st quarter worth approximately $377,000. First American Bank grew its stake in shares of Lockheed Martin by 18.8% in the 1st quarter. First American Bank now owns 8,393 shares of the aerospace company's stock worth $3,749,000 after buying an additional 1,327 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Lockheed Martin by 21.2% in the 1st quarter. Empowered Funds LLC now owns 40,380 shares of the aerospace company's stock worth $18,038,000 after buying an additional 7,052 shares during the last quarter. Finally, Cantor Fitzgerald Investment Advisors L.P. grew its stake in shares of Lockheed Martin by 18.6% in the 1st quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 17,129 shares of the aerospace company's stock worth $7,652,000 after buying an additional 2,686 shares during the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LMT has been the topic of several research analyst reports. Royal Bank Of Canada lowered their price target on Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating on the stock in a report on Wednesday, July 23rd. JPMorgan Chase & Co. decreased their target price on Lockheed Martin from $520.00 to $465.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. Alembic Global Advisors raised Lockheed Martin from a "neutral" rating to an "overweight" rating in a report on Thursday, August 28th. TD Cowen reiterated a "hold" rating and issued a $480.00 price target (down previously from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. Finally, Susquehanna reduced their price objective on shares of Lockheed Martin from $550.00 to $490.00 and set a "positive" rating for the company in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat, Lockheed Martin has a consensus rating of "Hold" and a consensus target price of $494.00.

Lockheed Martin Stock Performance

Lockheed Martin stock traded up $0.55 during midday trading on Thursday, hitting $473.67. 1,086,756 shares of the company's stock were exchanged, compared to its average volume of 1,636,077. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $618.95. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98. The firm's 50 day simple moving average is $446.89 and its 200 day simple moving average is $458.78. The stock has a market cap of $110.58 billion, a price-to-earnings ratio of 26.67, a price-to-earnings-growth ratio of 1.67 and a beta of 0.26.

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

Lockheed Martin Dividend Announcement

The firm 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 $3.30 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $13.20 annualized dividend and a dividend yield of 2.8%. Lockheed Martin's payout ratio is 74.32%.

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.