Evernest Financial Advisors LLC Buys 111 Shares of Lockheed Martin Corporation $LMT

Evernest Financial Advisors LLC raised its stake in shares of Lockheed Martin Corporation (NYSE:LMT) by 4.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,519 shares of the aerospace company’s stock after acquiring an additional 111 shares during the quarter. Evernest Financial Advisors LLC’s holdings in Lockheed Martin were worth $1,167,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Omnia Family Wealth LLC lifted its holdings in shares of Lockheed Martin by 3.4% during the second quarter. Omnia Family Wealth LLC now owns 1,831 shares of the aerospace company’s stock valued at $848,000 after acquiring an additional 61 shares during the period. Turtle Creek Wealth Advisors LLC bought a new position in shares of Lockheed Martin during the second quarter valued at $1,861,000. WealthPlan Investment Management LLC lifted its holdings in shares of Lockheed Martin by 11.7% during the second quarter. WealthPlan Investment Management LLC now owns 20,272 shares of the aerospace company’s stock valued at $9,389,000 after acquiring an additional 2,129 shares during the period. Alta Capital Management LLC lifted its holdings in shares of Lockheed Martin by 6.5% during the second quarter. Alta Capital Management LLC now owns 8,567 shares of the aerospace company’s stock valued at $3,968,000 after acquiring an additional 521 shares during the period. Finally, Patten & Patten Inc. TN lifted its holdings in shares of Lockheed Martin by 4.9% during the second quarter. Patten & Patten Inc. TN now owns 2,224 shares of the aerospace company’s stock valued at $1,030,000 after acquiring an additional 103 shares during the period. 74.19% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

LMT has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft set a $519.00 price objective on Lockheed Martin and gave the company a “hold” rating in a report on Wednesday, October 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lockheed Martin in a report on Wednesday, October 8th. Bank of America cut their price target on Lockheed Martin from $495.00 to $480.00 and set a “neutral” rating for the company in a report on Thursday, August 21st. UBS Group cut their price target on Lockheed Martin from $498.00 to $453.00 and set a “neutral” rating for the company in a report on Wednesday, July 23rd. Finally, Truist Financial lifted their price target on Lockheed Martin from $440.00 to $500.00 and gave the company a “hold” rating in a report on Wednesday. One investment 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, Lockheed Martin has a consensus rating of “Hold” and an average target price of $510.29.

Lockheed Martin Stock Performance

Shares of NYSE:LMT opened at $499.17 on Thursday. The stock has a market capitalization of $116.54 billion, a P/E ratio of 28.11, a P/E/G ratio of 1.78 and a beta of 0.28. Lockheed Martin Corporation has a 1-year low of $410.11 and a 1-year 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 has a 50-day moving average price of $469.31 and a two-hundred day moving average price of $464.06.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share for the quarter, topping the consensus estimate of $6.57 by $0.72. The firm had revenue of $18.16 billion during the quarter, compared to analysts’ expectations of $18.59 billion. Lockheed Martin had a return on equity of 107.60% and a net margin of 5.85%.The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the business posted $7.11 EPS. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Equities 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 disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 1st will be issued a dividend of $3.45 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $13.80 annualized dividend and a yield of 2.8%. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s dividend payout ratio (DPR) is presently 77.70%.

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.