Bayforest Capital Ltd Invests $547,000 in Lockheed Martin Corporation $LMT

Bayforest Capital Ltd bought a new stake in Lockheed Martin Corporation (NYSE:LMTFree Report) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 1,182 shares of the aerospace company’s stock, valued at approximately $547,000.

Other large investors also recently made changes to their positions in the company. TruNorth Capital Management LLC acquired a new stake in shares of Lockheed Martin in the 1st quarter valued at about $31,000. Frazier Financial Advisors LLC bought a new stake in Lockheed Martin during the 2nd quarter worth approximately $34,000. GFG Capital LLC bought a new stake in Lockheed Martin during the 2nd quarter worth approximately $43,000. Bernard Wealth Management Corp. increased its holdings in Lockheed Martin by 251.9% during the 2nd quarter. Bernard Wealth Management Corp. now owns 95 shares of the aerospace company’s stock worth $44,000 after purchasing an additional 68 shares in the last quarter. Finally, EQ Wealth Advisors LLC bought a new stake in Lockheed Martin during the 1st quarter worth approximately $43,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Price Performance

Lockheed Martin stock opened at $504.77 on Wednesday. Lockheed Martin Corporation has a 12 month low of $410.11 and a 12 month high of $618.95. 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 business’s 50 day simple moving average is $468.02 and its 200 day simple moving average is $463.81. The company has a market cap of $117.84 billion, a price-to-earnings ratio of 28.42, a PEG ratio of 1.77 and a beta of 0.28.

Lockheed Martin (NYSE:LMTGet Free Report) last posted its quarterly earnings data 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 return on equity of 107.60% and a net margin of 5.85%.The business had revenue of $18.16 billion for the quarter, compared to the consensus estimate of $18.59 billion. During the same quarter in the prior year, the business earned $7.11 earnings per share. Lockheed Martin’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. Sell-side analysts forecast that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 1st will be paid a $3.45 dividend. The ex-dividend date is Monday, December 1st. This is a positive change 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 dividend payout ratio (DPR) is currently 74.32%.

Analysts Set New Price Targets

LMT has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft set a $519.00 price objective on Lockheed Martin and gave the stock a “hold” rating in a report on Wednesday, October 8th. Truist Financial lowered Lockheed Martin from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $554.00 to $440.00 in a report on Wednesday, July 23rd. Vertical Research reissued a “hold” rating and set a $460.00 price objective on shares of Lockheed Martin in a report on Tuesday, July 22nd. Robert W. Baird boosted their price objective on Lockheed Martin from $500.00 to $550.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. Finally, TD Cowen reissued a “hold” rating and set a $480.00 price objective (down from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $503.53.

Check Out Our Latest Stock Report on Lockheed Martin

About Lockheed Martin

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Lockheed Martin (NYSE:LMT)

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