West Oak Capital LLC Raises Position in Lockheed Martin Corporation $LMT

Key Points

• West Oak Capital LLC increased its stake in Lockheed Martin by 13.0% in Q2, now holding 5,575 shares worth approximately $2.58 million.
• Brokerages have recently cut target prices for Lockheed Martin, with Royal Bank of Canada reducing it from $480 to $440 and UBS Group from $498 to $453, indicating a cautious sentiment in the market.
• Lockheed Martin announced a quarterly dividend of $3.30 per share, reflecting an annualized yield of 2.7%, with a payout ratio of 74.32%.

West Oak Capital LLC grew its position in Lockheed Martin Corporation (NYSE:LMT - Free Report) by 13.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 5,575 shares of the aerospace company's stock after buying an additional 640 shares during the period. West Oak Capital LLC's holdings in Lockheed Martin were worth $2,582,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of LMT. Brighton Jones LLC grew its position in Lockheed Martin by 5.0% during the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company's stock valued at $1,941,000 after buying an additional 191 shares during the period. United Advisor Group LLC grew its position in Lockheed Martin by 15.0% during the fourth quarter. United Advisor Group LLC now owns 1,497 shares of the aerospace company's stock valued at $727,000 after buying an additional 195 shares during the period. Ameriflex Group Inc. bought a new stake in Lockheed Martin during the fourth quarter valued at approximately $244,000. Heck Capital Advisors LLC bought a new stake in Lockheed Martin during the fourth quarter valued at approximately $35,000. Finally, LM Advisors LLC grew its position in Lockheed Martin by 2.6% during the fourth quarter. LM Advisors LLC now owns 1,523 shares of the aerospace company's stock valued at $740,000 after buying an additional 38 shares during the period. 74.19% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on LMT. Royal Bank Of Canada cut their target price on shares of Lockheed Martin from $480.00 to $440.00 and set a "sector perform" rating for the company in a research report on Wednesday, July 23rd. Wall Street Zen lowered shares of Lockheed Martin from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Vertical Research restated a "hold" rating and set a $460.00 target price on shares of Lockheed Martin in a research report on Tuesday, July 22nd. UBS Group cut their target price on shares of Lockheed Martin from $498.00 to $453.00 and set a "neutral" rating for the company in a research report on Wednesday, July 23rd. Finally, Sanford C. Bernstein set a $551.00 target price on shares of Lockheed Martin and gave the company a "market perform" rating in a research report on Monday, July 14th. One research 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 MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $494.00.

Lockheed Martin Price Performance

Lockheed Martin stock opened at $480.50 on Tuesday. The company has a market cap of $112.18 billion, a price-to-earnings ratio of 27.05, a PEG ratio of 1.66 and a beta of 0.26. The firm's fifty day moving average is $447.32 and its 200 day moving average is $459.12. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $618.95.

Lockheed Martin (NYSE:LMT - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS 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 firm had revenue of $18.16 billion during the quarter, compared to analysts' expectations of $18.59 billion. During the same quarter in the previous year, the business earned $7.11 EPS. The company's quarterly revenue was up .2% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Sell-side analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal year.

Lockheed Martin Announces Dividend

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 2.7%. The ex-dividend date is Tuesday, September 2nd. Lockheed Martin's dividend payout ratio (DPR) is 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.

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