Trust Co. of Toledo NA OH Buys 147 Shares of Lockheed Martin Corporation $LMT

Trust Co. of Toledo NA OH lifted its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 1.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,153 shares of the aerospace company’s stock after purchasing an additional 147 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in Lockheed Martin were worth $5,165,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Bernard Wealth Management Corp. increased its position in shares of Lockheed Martin by 251.9% during the second 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 during the period. Aberdeen Group plc increased its holdings in Lockheed Martin by 6.6% during the 2nd quarter. Aberdeen Group plc now owns 22,028 shares of the aerospace company’s stock worth $10,202,000 after acquiring an additional 1,370 shares during the period. Zullo Investment Group Inc. increased its holdings in shares of Lockheed Martin by 2.4% in the second quarter. Zullo Investment Group Inc. now owns 1,719 shares of the aerospace company’s stock worth $796,000 after purchasing an additional 40 shares during the period. JFS Wealth Advisors LLC increased its holdings in shares of Lockheed Martin by 81.0% in the second quarter. JFS Wealth Advisors LLC now owns 599 shares of the aerospace company’s stock worth $277,000 after purchasing an additional 268 shares during the period. Finally, PDS Planning Inc increased its stake in Lockheed Martin by 8.6% in the 2nd quarter. PDS Planning Inc now owns 1,888 shares of the aerospace company’s stock worth $874,000 after acquiring an additional 150 shares during the last quarter. 74.19% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Bank of America decreased their target price on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating on the stock in a research note on Thursday, August 21st. Weiss Ratings restated a “hold (c)” rating on shares of Lockheed Martin in a research report on Wednesday. Robert W. Baird increased their price target on shares of Lockheed Martin from $500.00 to $550.00 and gave the stock an “outperform” rating in a report on Monday. JPMorgan Chase & Co. decreased their price target on shares of Lockheed Martin from $520.00 to $465.00 and set an “overweight” 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 stock 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 given a Buy rating and fifteen have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $503.13.

Lockheed Martin Price Performance

LMT stock opened at $505.11 on Friday. 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 Corporation has a 52 week low of $410.11 and a 52 week high of $618.95. The firm’s fifty day moving average is $464.89 and its 200 day moving average is $462.82. The firm has a market cap of $117.92 billion, a P/E ratio of 28.44, a P/E/G ratio of 1.79 and a beta of 0.28.

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 return on equity of 107.60% and a net margin of 5.85%.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 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. Research analysts predict that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st will be issued a $3.45 dividend. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. This represents a $13.80 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Monday, December 1st. 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.