Stanley Laman Group Ltd. Has $3.55 Million Stock Position in Lockheed Martin Corporation $LMT

Key Points

• Stanley Laman Group Ltd. reduced its stock holdings in Lockheed Martin Corporation by 6.6%, now owning shares worth approximately $3.55 million.
• Lockheed Martin recently announced a quarterly dividend increase to $3.45 per share, resulting in an annual yield of 2.8%.
• Research reports have mixed ratings for Lockheed Martin, with a consensus average price target of $510.29.

Stanley Laman Group Ltd. cut its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 6.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,670 shares of the aerospace company's stock after selling 542 shares during the quarter. Stanley Laman Group Ltd.'s holdings in Lockheed Martin were worth $3,552,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of LMT. TruNorth Capital Management LLC acquired a new position in shares of Lockheed Martin during the 1st quarter valued at $31,000. Frazier Financial Advisors LLC bought a new stake in Lockheed Martin in the second quarter valued at $34,000. EQ Wealth Advisors LLC bought a new stake in Lockheed Martin in the first quarter valued at $43,000. GFG Capital LLC acquired a new position in shares of Lockheed Martin during the second quarter valued at about $43,000. Finally, Bernard Wealth Management Corp. boosted its position in shares of Lockheed Martin by 251.9% during the 2nd quarter. Bernard Wealth Management Corp. now owns 95 shares of the aerospace company's stock worth $44,000 after purchasing an additional 68 shares in the last quarter. 74.19% of the stock is currently owned by institutional investors.

Lockheed Martin Trading Up 0.4%

Shares of Lockheed Martin stock opened at $495.24 on Friday. The company has a market capitalization of $115.62 billion, a P/E ratio of 27.89, a price-to-earnings-growth ratio of 1.74 and a beta of 0.28. The stock has a fifty day simple moving average of $471.93 and a 200 day simple moving average of $464.69. 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.

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

Lockheed Martin Increases Dividend

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

Analysts Set New Price Targets

LMT has been the topic of a number of research reports. Wall Street Zen downgraded Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Cowen lowered Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Thursday, July 10th. Royal Bank Of Canada increased their target price on Lockheed Martin from $440.00 to $525.00 and gave the stock a "sector perform" rating in a report on Tuesday, October 7th. TD Cowen reissued 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, Bank of America lowered their price objective on shares of Lockheed Martin from $495.00 to $480.00 and set a "neutral" rating on the stock in a report on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $510.29.

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.

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