MOKAN Wealth Management Inc. Purchases 83 Shares of Lockheed Martin Corporation $LMT

MOKAN Wealth Management Inc. grew its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 5.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,654 shares of the aerospace company’s stock after buying an additional 83 shares during the quarter. MOKAN Wealth Management Inc.’s holdings in Lockheed Martin were worth $765,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Entropy Technologies LP lifted its position in shares of Lockheed Martin by 410.2% during the first quarter. Entropy Technologies LP now owns 17,626 shares of the aerospace company’s stock worth $7,874,000 after purchasing an additional 14,171 shares in the last quarter. PTM Wealth Management LLC acquired a new position in shares of Lockheed Martin during the first quarter worth approximately $377,000. First American Bank lifted its position in shares of Lockheed Martin by 18.8% during the first quarter. First American Bank now owns 8,393 shares of the aerospace company’s stock worth $3,749,000 after purchasing an additional 1,327 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Lockheed Martin by 21.2% during the first quarter. Empowered Funds LLC now owns 40,380 shares of the aerospace company’s stock worth $18,038,000 after purchasing an additional 7,052 shares in the last quarter. Finally, Cantor Fitzgerald Investment Advisors L.P. lifted its position in shares of Lockheed Martin by 18.6% during the first quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 17,129 shares of the aerospace company’s stock worth $7,652,000 after purchasing an additional 2,686 shares in the last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Stock Down 0.5%

Shares of NYSE:LMT opened at $505.11 on Monday. Lockheed Martin Corporation has a 52 week low of $410.11 and a 52 week high of $618.95. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.83 and a current ratio of 0.98. The company has a market capitalization of $117.93 billion, a PE ratio of 28.44, a PEG ratio of 1.77 and a beta of 0.28. The company has a 50 day moving average price of $464.89 and a two-hundred day moving average price of $463.09.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $18.59 billion. During the same quarter in the prior year, the firm earned $7.11 earnings per share. The business’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. Analysts forecast 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. Shareholders of record on Monday, December 1st will be paid a $3.45 dividend. The ex-dividend date of this dividend is Monday, December 1st. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. This represents a $13.80 annualized dividend and a yield of 2.7%. Lockheed Martin’s payout ratio is currently 77.70%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their target price on shares of Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 23rd. Bank of America reduced their target price on shares of Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating on the stock in a research report on Thursday, August 21st. Robert W. Baird upped their target price on shares of Lockheed Martin from $500.00 to $550.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. Truist Financial downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating and dropped their price target for the stock from $554.00 to $440.00 in a research note on Wednesday, July 23rd. Finally, Wall Street Zen downgraded shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Saturday, July 26th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $503.53.

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.