Lockheed Martin Corporation $LMT Shares Purchased by MGO One Seven LLC

MGO One Seven LLC raised its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 5.0% in the second quarter, Holdings Channel.com reports. The firm owned 4,233 shares of the aerospace company’s stock after buying an additional 203 shares during the period. MGO One Seven LLC’s holdings in Lockheed Martin were worth $1,960,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of LMT. TruNorth Capital Management LLC acquired a new stake in Lockheed Martin during the 1st quarter valued at approximately $31,000. EQ Wealth Advisors LLC acquired a new position in shares of Lockheed Martin in the 1st quarter worth approximately $43,000. GFG Capital LLC acquired a new position in shares of Lockheed Martin in the 2nd quarter worth approximately $43,000. Bernard Wealth Management Corp. grew its position in shares of Lockheed Martin by 251.9% in the 2nd quarter. Bernard Wealth Management Corp. now owns 95 shares of the aerospace company’s stock worth $44,000 after acquiring an additional 68 shares in the last quarter. Finally, Ritter Daniher Financial Advisory LLC DE acquired a new position in shares of Lockheed Martin in the 1st quarter worth approximately $45,000. Institutional investors and hedge funds own 74.19% of the company’s stock.

Lockheed Martin Trading Up 0.2%

NYSE:LMT 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 firm has a market capitalization of $117.84 billion, a P/E ratio of 28.42, a P/E/G ratio of 1.77 and a beta of 0.28. The company has a debt-to-equity ratio of 3.47, a current ratio of 0.98 and a quick ratio of 0.83. The business has a 50 day simple moving average of $468.02 and a 200 day simple moving average of $463.81.

Lockheed Martin (NYSE:LMT) last released 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 business had revenue of $18.16 billion during the quarter, compared to analyst estimates of $18.59 billion. During the same quarter in the previous year, the firm posted $7.11 EPS. The business’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 research analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Increases Dividend

The firm 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 dividend of $3.45 per share. This represents a $13.80 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Monday, December 1st. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s dividend payout ratio (DPR) is presently 74.32%.

Analysts Set New Price Targets

LMT has been the subject of several research reports. Alembic Global Advisors upgraded Lockheed Martin from a “neutral” rating to an “overweight” rating in a research report on Thursday, August 28th. Wall Street Zen lowered Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. Royal Bank Of Canada lifted their target price on Lockheed Martin from $440.00 to $525.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 7th. JPMorgan Chase & Co. decreased their target price on Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating for the company in a research report on Wednesday, July 23rd. Finally, Vertical Research reiterated a “hold” rating and issued a $460.00 target price on shares of Lockheed Martin in a research report on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $503.53.

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.