West Michigan Advisors LLC Invests $361,000 in Lockheed Martin Corporation $LMT

Key Points

• West Michigan Advisors LLC has invested approximately $361,000 in Lockheed Martin Corporation, acquiring 779 shares of the aerospace company in the 2nd quarter.
• Lockheed Martin reported quarterly earnings of $6.95 EPS, exceeding estimates, with revenue of $18.61 billion, which is an 8.8% increase from the previous year.
• The company has announced an increase in its quarterly dividend to $3.45 per share, set to be paid on December 30th, representing an annualized yield of 2.8%.

West Michigan Advisors LLC bought a new position in Lockheed Martin Corporation (NYSE:LMT - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 779 shares of the aerospace company's stock, valued at approximately $361,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mid American Wealth Advisory Group Inc. bought a new stake in Lockheed Martin during the 2nd quarter valued at about $28,000. TruNorth Capital Management LLC bought a new stake in Lockheed Martin during the 1st quarter valued at about $31,000. Frazier Financial Advisors LLC bought a new stake in Lockheed Martin during the 2nd quarter valued at about $34,000. GFG Capital LLC bought a new stake in Lockheed Martin during the 2nd quarter valued at about $43,000. Finally, Bernard Wealth Management Corp. lifted its holdings in Lockheed Martin by 251.9% during the 2nd quarter. Bernard Wealth Management Corp. now owns 95 shares of the aerospace company's stock valued at $44,000 after buying an additional 68 shares in the last quarter. Institutional investors own 74.19% of the company's stock.

Lockheed Martin Stock Down 0.5%

NYSE:LMT opened at $485.59 on Friday. The company has a market cap of $112.37 billion, a PE ratio of 27.11, a P/E/G ratio of 1.61 and a beta of 0.28. Lockheed Martin Corporation has a twelve month low of $410.11 and a twelve month high of $576.43. The company has a current ratio of 1.13, a quick ratio of 0.83 and a debt-to-equity ratio of 3.32. The company's 50 day moving average is $477.51 and its two-hundred day moving average is $466.37.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, beating the consensus estimate of $6.33 by $0.62. Lockheed Martin had a net margin of 5.73% and a return on equity of 111.84%. The business had revenue of $18.61 billion during the quarter, compared to analysts' expectations of $18.45 billion. During the same period in the previous year, the business posted $6.84 EPS. The business's quarterly revenue was up 8.8% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. Analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be paid a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a 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 77.05%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft set a $519.00 price target on shares of Lockheed Martin and gave the company a "hold" rating in a report on Wednesday, October 8th. Cowen lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a report on Thursday, July 10th. Sanford C. Bernstein boosted their price target on shares of Lockheed Martin from $497.00 to $545.00 and gave the company a "market perform" rating in a report on Monday. The Goldman Sachs Group boosted their price target on shares of Lockheed Martin from $398.00 to $425.00 and gave the company a "sell" rating in a report on Friday, October 10th. Finally, UBS Group cut their price objective on shares of Lockheed Martin from $514.00 to $513.00 and set a "neutral" rating on the stock in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $513.47.

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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