Omnia Family Wealth LLC Grows Stake in Lockheed Martin Corporation $LMT

Omnia Family Wealth LLC boosted its position in Lockheed Martin Corporation (NYSE:LMT) by 3.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,831 shares of the aerospace company’s stock after purchasing an additional 61 shares during the period. Omnia Family Wealth LLC’s holdings in Lockheed Martin were worth $848,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC purchased a new position in Lockheed Martin in the 2nd quarter valued at approximately $1,861,000. WealthPlan Investment Management LLC increased its stake in Lockheed Martin by 11.7% in the 2nd quarter. WealthPlan Investment Management LLC now owns 20,272 shares of the aerospace company’s stock valued at $9,389,000 after purchasing an additional 2,129 shares in the last quarter. Alta Capital Management LLC increased its stake in Lockheed Martin by 6.5% in the 2nd quarter. Alta Capital Management LLC now owns 8,567 shares of the aerospace company’s stock valued at $3,968,000 after purchasing an additional 521 shares in the last quarter. Patten & Patten Inc. TN increased its stake in Lockheed Martin by 4.9% in the 2nd quarter. Patten & Patten Inc. TN now owns 2,224 shares of the aerospace company’s stock valued at $1,030,000 after purchasing an additional 103 shares in the last quarter. Finally, Callahan Advisors LLC grew its holdings in Lockheed Martin by 21.3% during the 2nd quarter. Callahan Advisors LLC now owns 4,697 shares of the aerospace company’s stock valued at $2,175,000 after buying an additional 824 shares during the last quarter. 74.19% of the stock is owned by hedge funds and other institutional investors.

Lockheed Martin Price Performance

LMT stock opened at $499.17 on Thursday. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $618.95. The stock’s fifty day simple moving average is $469.31 and its 200-day simple moving average is $464.06. 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 market capitalization of $116.54 billion, a price-to-earnings ratio of 28.11, a price-to-earnings-growth ratio of 1.78 and a beta of 0.28.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Tuesday, July 22nd. The aerospace company reported $7.29 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $18.59 billion. During the same quarter last year, the firm earned $7.11 earnings per share. The business’s revenue was up .2% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 21.700-22.000 EPS. Equities research analysts expect that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st will be issued a dividend of $3.45 per share. This represents a $13.80 annualized dividend and a dividend yield of 2.8%. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.30. The ex-dividend date is Monday, December 1st. Lockheed Martin’s payout ratio is 77.70%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Morgan Stanley increased their target price on Lockheed Martin from $530.00 to $630.00 and gave the company an “overweight” rating in a report on Wednesday. TD Cowen reiterated a “hold” rating and set a $480.00 target price (down previously from $500.00) on shares of Lockheed Martin in a report on Thursday, July 10th. Deutsche Bank Aktiengesellschaft set a $519.00 target price on Lockheed Martin and gave the company a “hold” rating in a report on Wednesday, October 8th. Sanford C. Bernstein set a $551.00 target price on Lockheed Martin and gave the company a “market perform” rating in a report on Monday, July 14th. Finally, UBS Group lowered their target price on Lockheed Martin from $498.00 to $453.00 and set a “neutral” rating on the stock in a report on Wednesday, July 23rd. One research 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 an average rating of “Hold” and an average price target of $510.29.

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.