Lockheed Martin Corporation $LMT Stock Position Raised by Tepp RIA LLC

Tepp RIA LLC lifted its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 6.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 592 shares of the aerospace company’s stock after buying an additional 38 shares during the period. Lockheed Martin accounts for approximately 0.4% of Tepp RIA LLC’s holdings, making the stock its 25th biggest position. Tepp RIA LLC’s holdings in Lockheed Martin were worth $274,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of LMT. 49 Wealth Management LLC grew its position in Lockheed Martin by 3.4% in the 1st quarter. 49 Wealth Management LLC now owns 661 shares of the aerospace company’s stock worth $295,000 after purchasing an additional 22 shares during the last quarter. OMNI 360 Wealth Inc. grew its position in Lockheed Martin by 2.5% in the 1st quarter. OMNI 360 Wealth Inc. now owns 913 shares of the aerospace company’s stock worth $408,000 after purchasing an additional 22 shares during the last quarter. Tyler Stone Wealth Management grew its position in Lockheed Martin by 3.3% in the 1st quarter. Tyler Stone Wealth Management now owns 684 shares of the aerospace company’s stock worth $306,000 after purchasing an additional 22 shares during the last quarter. Tealwood Asset Management Inc. grew its position in Lockheed Martin by 0.4% in the 1st quarter. Tealwood Asset Management Inc. now owns 5,728 shares of the aerospace company’s stock worth $2,559,000 after purchasing an additional 23 shares during the last quarter. Finally, Southland Equity Partners LLC grew its position in Lockheed Martin by 3.1% in the 1st quarter. Southland Equity Partners LLC now owns 766 shares of the aerospace company’s stock worth $342,000 after purchasing an additional 23 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on LMT shares. Cowen lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Thursday, July 10th. Vertical Research reiterated a “hold” rating and set a $460.00 price objective on shares of Lockheed Martin in a research report on Tuesday, July 22nd. Robert W. Baird lowered their price target on shares of Lockheed Martin from $540.00 to $500.00 and set an “outperform” rating on the stock in a report on Wednesday, July 23rd. Susquehanna lowered their price target on shares of Lockheed Martin from $550.00 to $490.00 and set a “positive” rating on the stock in a report on Wednesday, July 23rd. Finally, Sanford C. Bernstein set a $551.00 price target on shares of Lockheed Martin and gave the company a “market perform” rating in a report on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $494.00.

Lockheed Martin Price Performance

Shares of Lockheed Martin stock opened at $480.50 on Tuesday. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year high of $618.95. The stock has a market capitalization of $112.18 billion, a price-to-earnings ratio of 27.05, a P/E/G ratio of 1.66 and a beta of 0.26. 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 firm’s 50-day moving average price is $447.32 and its two-hundred day moving average price is $459.12.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.57 by $0.72. Lockheed Martin had a net margin of 5.85% and a return on equity of 107.60%. The firm had revenue of $18.16 billion for the quarter, compared to analysts’ expectations of $18.59 billion. During the same period last year, the firm earned $7.11 earnings per share. The business’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. On average, equities analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current fiscal year.

Lockheed Martin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Tuesday, September 2nd will be paid a $3.30 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $13.20 dividend on an annualized basis and a yield of 2.7%. Lockheed Martin’s dividend payout ratio (DPR) is presently 74.32%.

Lockheed Martin Company 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.