Bath Savings Trust Co Boosts Stock Position in Lockheed Martin Corporation $LMT

Bath Savings Trust Co boosted its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 2.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 11,164 shares of the aerospace company’s stock after purchasing an additional 217 shares during the quarter. Bath Savings Trust Co’s holdings in Lockheed Martin were worth $5,170,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of LMT. TruNorth Capital Management LLC purchased a new stake in Lockheed Martin during the 1st quarter worth approximately $31,000. Heck Capital Advisors LLC purchased a new stake in Lockheed Martin during the 4th quarter worth approximately $35,000. EQ Wealth Advisors LLC purchased a new stake in Lockheed Martin during the 1st quarter worth approximately $43,000. Ritter Daniher Financial Advisory LLC DE purchased a new stake in Lockheed Martin during the 1st quarter worth approximately $45,000. Finally, McIlrath & Eck LLC increased its holdings in Lockheed Martin by 161.0% during the 1st quarter. McIlrath & Eck LLC now owns 107 shares of the aerospace company’s stock worth $48,000 after purchasing an additional 66 shares during the last quarter. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on LMT. Cowen downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a report on Thursday, July 10th. Truist Financial lowered Lockheed Martin from a “buy” rating to a “hold” rating and dropped their price target for the company from $554.00 to $440.00 in a research report on Wednesday, July 23rd. TD Cowen reissued a “hold” rating and set a $480.00 price target (down from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. Royal Bank Of Canada dropped their price target on Lockheed Martin from $480.00 to $440.00 and set a “sector perform” rating on the stock in a research report on Wednesday, July 23rd. Finally, Sanford C. Bernstein set a $551.00 price target on Lockheed Martin and gave the company a “market perform” rating in a research report on Monday, July 14th. 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $494.00.

Lockheed Martin Trading Down 0.2%

NYSE:LMT opened at $473.29 on Thursday. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year high of $618.95. The stock has a market cap of $110.49 billion, a price-to-earnings ratio of 26.65, a PEG ratio of 1.67 and a beta of 0.26. The business has a fifty day moving average of $446.89 and a 200-day moving average of $458.78. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, topping 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 company had revenue of $18.16 billion during the quarter, compared to analysts’ expectations of $18.59 billion. During the same quarter in the prior year, the business posted $7.11 earnings per share. The company’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. Equities analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The company 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 dividend of $3.30 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $13.20 annualized dividend and a yield of 2.8%. Lockheed Martin’s dividend payout ratio (DPR) is currently 74.32%.

About Lockheed Martin

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.