Free Trial

WealthPlan Investment Management LLC Boosts Stock Position in Lockheed Martin Corporation (NYSE:LMT)

Lockheed Martin logo with Aerospace background

Key Points

  • WealthPlan Investment Management LLC increased its stake in Lockheed Martin by 15.7%, acquiring an additional 2,456 shares, bringing its total holdings to 18,143 shares valued at approximately $8.1 million.
  • Lockheed Martin's quarterly earnings exceeded estimates, reporting $7.29 earnings per share, but its revenue of $18.16 billion fell short of the anticipated $18.59 billion.
  • The company recently declared a quarterly dividend of $3.30 per share, yielding about 3.0%, with the ex-dividend date set for September 2nd.
  • Looking to Export and Analyze Lockheed Martin Data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

WealthPlan Investment Management LLC increased its stake in shares of Lockheed Martin Corporation (NYSE:LMT - Free Report) by 15.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,143 shares of the aerospace company's stock after buying an additional 2,456 shares during the quarter. WealthPlan Investment Management LLC's holdings in Lockheed Martin were worth $8,105,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. TruNorth Capital Management LLC purchased a new position in Lockheed Martin during the first quarter worth approximately $31,000. Heck Capital Advisors LLC purchased a new position in Lockheed Martin during the fourth quarter worth approximately $35,000. Redwood Park Advisors LLC purchased a new position in Lockheed Martin during the fourth quarter worth approximately $40,000. Banque Transatlantique SA purchased a new position in Lockheed Martin during the fourth quarter worth approximately $43,000. Finally, EQ Wealth Advisors LLC purchased a new position in Lockheed Martin during the first quarter worth approximately $43,000. Hedge funds and other institutional investors own 74.19% of the company's stock.

Lockheed Martin Stock Performance

Shares of Lockheed Martin stock traded down $5.07 on Friday, hitting $425.68. The stock had a trading volume of 1,477,499 shares, compared to its average volume of 2,270,781. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week 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. The stock has a market cap of $99.38 billion, a price-to-earnings ratio of 23.97, a P/E/G ratio of 1.49 and a beta of 0.27. The company's 50 day moving average price is $456.14 and its 200 day moving average price is $458.38.

Lockheed Martin (NYSE:LMT - Get Free Report) last posted its earnings results 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 during the quarter, compared to the consensus estimate of $18.59 billion. During the same period in the previous year, the business earned $7.11 EPS. The business's quarterly revenue was up .2% on a year-over-year basis. On average, research analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Dividend Announcement

The company also recently announced 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. This represents a $13.20 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, September 2nd. Lockheed Martin's payout ratio is presently 74.32%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on LMT. Jefferies Financial Group reduced their target price on Lockheed Martin from $510.00 to $500.00 and set a "hold" rating on the stock in a research report on Monday, April 28th. Susquehanna reduced their target price on Lockheed Martin from $550.00 to $490.00 and set a "positive" rating on the stock in a research report on Wednesday, July 23rd. Vertical Research restated a "hold" rating and issued a $460.00 target price on shares of Lockheed Martin in a research report on Tuesday, July 22nd. Morgan Stanley upgraded Lockheed Martin from an "equal weight" rating to an "overweight" rating and set a $575.00 target price on the stock in a research report on Wednesday, April 16th. Finally, Baird R W upgraded Lockheed Martin from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 23rd. Fifteen investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $506.65.

Read Our Latest Report on LMT

Lockheed Martin Profile

(Free Report)

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.

Read More

Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

Should You Invest $1,000 in Lockheed Martin Right Now?

Before you consider Lockheed Martin, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lockheed Martin wasn't on the list.

While Lockheed Martin currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

These 7 Stocks Will Be Magnificent in 2025 Cover

Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2025. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Related Videos

Top 3 Defense Stocks to Profit From $175 Billion Golden Dome

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines