Lockheed Martin Corporation $LMT Shares Bought by Thurston Springer Miller Herd & Titak Inc.

Key Points

• Thurston Springer Miller Herd & Titak Inc. increased its stake in Lockheed Martin by 19.2%, acquiring an additional 1,226 shares in the 2nd quarter, bringing its total holdings to 7,597 shares valued at $3,519,000.
• Several institutional investors boosted their positions in Lockheed Martin, with 74.19% of the stock now owned by institutional players, highlighting strong interest in the company.
• Lockheed Martin has set a quarterly dividend of $3.30 per share, representing a dividend yield of 2.8%, while also reporting a quarterly earnings per share of $7.29, exceeding analysts' expectations.

Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 19.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,597 shares of the aerospace company's stock after buying an additional 1,226 shares during the period. Thurston Springer Miller Herd & Titak Inc.'s holdings in Lockheed Martin were worth $3,519,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in LMT. TruNorth Capital Management LLC acquired a new position in Lockheed Martin during the first quarter worth approximately $31,000. Heck Capital Advisors LLC acquired a new position in Lockheed Martin during the fourth quarter worth approximately $35,000. EQ Wealth Advisors LLC acquired a new position in Lockheed Martin during the first quarter worth approximately $43,000. Ritter Daniher Financial Advisory LLC DE acquired a new position in Lockheed Martin during the first quarter worth approximately $45,000. Finally, McIlrath & Eck LLC grew its stake in shares of Lockheed Martin by 161.0% in the 1st quarter. McIlrath & Eck LLC now owns 107 shares of the aerospace company's stock valued at $48,000 after purchasing an additional 66 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on LMT. Vertical Research reiterated a "hold" rating and issued a $460.00 target price on shares of Lockheed Martin in a research note on Tuesday, July 22nd. Robert W. Baird lowered their target price on Lockheed Martin from $540.00 to $500.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 23rd. Truist Financial downgraded Lockheed Martin from a "buy" rating to a "hold" rating and lowered their target price for the company from $554.00 to $440.00 in a research note on Wednesday, July 23rd. TD Cowen reiterated a "hold" rating and issued a $480.00 target price (down from $500.00) on shares of Lockheed Martin in a research note on Thursday, July 10th. Finally, Royal Bank Of Canada lowered their target price 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. One investment 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, Lockheed Martin currently has a consensus rating of "Hold" and an average target price of $494.00.

Lockheed Martin Price Performance

Shares of NYSE LMT traded down $0.22 during trading on Friday, reaching $473.40. The company had a trading volume of 471,439 shares, compared to its average volume of 1,629,504. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $618.95. The stock has a market capitalization of $110.52 billion, a PE ratio of 26.65, a price-to-earnings-growth ratio of 1.66 and a beta of 0.26. The stock has a 50-day moving average price of $447.07 and a two-hundred day moving average price of $458.94. 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 released its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, topping analysts' consensus estimates of $6.57 by $0.72. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The company had revenue of $18.16 billion during the quarter, compared to analysts' expectations of $18.59 billion. During the same period in the previous year, the firm posted $7.11 earnings per share. The business's revenue for the quarter was up .2% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. As a group, sell-side analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Tuesday, September 2nd will be paid a $3.30 dividend. This represents a $13.20 annualized dividend and a yield of 2.8%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio is presently 74.32%.

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.