Lockheed Martin Corporation $LMT Holdings Lifted by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC increased its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 28.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,337 shares of the aerospace company’s stock after buying an additional 523 shares during the quarter. Sagespring Wealth Partners LLC’s holdings in Lockheed Martin were worth $1,082,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of LMT. Charles Schwab Investment Management Inc. grew its stake in Lockheed Martin by 7.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,031,528 shares of the aerospace company’s stock valued at $3,587,444,000 after acquiring an additional 560,457 shares in the last quarter. Royal Bank of Canada grew its position in Lockheed Martin by 1.4% during the first quarter. Royal Bank of Canada now owns 2,287,495 shares of the aerospace company’s stock valued at $1,021,846,000 after purchasing an additional 31,443 shares in the last quarter. Invesco Ltd. grew its position in Lockheed Martin by 0.6% during the first quarter. Invesco Ltd. now owns 2,144,827 shares of the aerospace company’s stock valued at $958,116,000 after purchasing an additional 12,899 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Lockheed Martin by 1.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,299,092 shares of the aerospace company’s stock valued at $580,317,000 after purchasing an additional 24,512 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Lockheed Martin by 4.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,161,687 shares of the aerospace company’s stock valued at $518,937,000 after purchasing an additional 51,522 shares in the last quarter. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Down 1.2%

Shares of Lockheed Martin stock opened at $499.17 on Thursday. The stock has a market capitalization of $116.54 billion, a P/E ratio of 28.11, a PEG ratio of 1.78 and a beta of 0.28. The company has a quick ratio of 0.83, a current ratio of 0.98 and a debt-to-equity ratio of 3.47. The stock has a 50 day moving average price of $469.31 and a two-hundred day moving average price of $464.06. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $618.95.

Lockheed Martin (NYSE:LMT) last announced its earnings results on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the business earned $7.11 earnings per share. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Equities analysts expect that Lockheed Martin Corporation will post 27.15 earnings per share for the current year.

Lockheed Martin Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors 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 2.8%. The ex-dividend date is Monday, December 1st. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s dividend payout ratio is currently 77.70%.

Wall Street Analyst Weigh In

Several research firms have recently commented on LMT. Wall Street Zen cut shares of Lockheed Martin from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Morgan Stanley boosted their target price on Lockheed Martin from $530.00 to $630.00 and gave the company an “overweight” rating in a research note on Wednesday. Cowen downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Thursday, July 10th. Royal Bank Of Canada boosted their target price on Lockheed Martin from $440.00 to $525.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 7th. Finally, Robert W. Baird boosted their price target on Lockheed Martin from $500.00 to $550.00 and gave the company an “outperform” rating in a research note on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $510.29.

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.