WealthPlan Investment Management LLC Boosts Stock Holdings in Lockheed Martin Corporation $LMT

Key Points

• WealthPlan Investment Management LLC increased its stake in Lockheed Martin by 11.7% in Q2, totaling 20,272 shares valued at approximately $9.39 million.
• Lockheed Martin recently announced a quarterly dividend of $3.45, reflecting a positive shift from the previous $3.30, with a dividend yield of 2.8%.
• Analysts rate Lockheed Martin with a consensus of "Hold", having a consensus price target of $510.29.

WealthPlan Investment Management LLC raised its holdings in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 11.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,272 shares of the aerospace company's stock after purchasing an additional 2,129 shares during the period. WealthPlan Investment Management LLC's holdings in Lockheed Martin were worth $9,389,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. TruNorth Capital Management LLC purchased a new position in shares of Lockheed Martin in the first quarter worth about $31,000. Frazier Financial Advisors LLC purchased a new position in shares of Lockheed Martin in the second quarter worth about $34,000. EQ Wealth Advisors LLC purchased a new position in shares of Lockheed Martin in the first quarter worth about $43,000. GFG Capital LLC purchased a new position in shares of Lockheed Martin in the second quarter worth about $43,000. Finally, Bernard Wealth Management Corp. grew its stake in Lockheed Martin by 251.9% during the second quarter. Bernard Wealth Management Corp. now owns 95 shares of the aerospace company's stock valued at $44,000 after acquiring an additional 68 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company's stock.

Analyst Upgrades and Downgrades

LMT has been the subject of several recent analyst reports. Cowen cut shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Thursday, July 10th. Wall Street Zen cut shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. TD Cowen reaffirmed a "hold" rating and set a $480.00 price objective (down previously from $500.00) on shares of Lockheed Martin in a research note on Thursday, July 10th. Royal Bank Of Canada boosted their price objective on shares of Lockheed Martin from $440.00 to $525.00 and gave the company a "sector perform" rating in a research note on Tuesday, October 7th. Finally, Susquehanna boosted their price objective on shares of Lockheed Martin from $490.00 to $590.00 and gave the company a "positive" rating in a research note on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Lockheed Martin has a consensus rating of "Hold" and a consensus price target of $510.29.

Lockheed Martin Trading Down 1.2%

Shares of Lockheed Martin stock opened at $499.17 on Thursday. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $618.95. The firm has a market cap of $116.54 billion, a PE ratio of 28.11, a PEG ratio of 1.78 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 company has a 50 day simple moving average of $469.31 and a two-hundred day simple moving average of $464.06.

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

Lockheed Martin Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st will be issued a $3.45 dividend. This represents a $13.80 dividend on an annualized basis 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 (DPR) is presently 77.70%.

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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