Lockheed Martin Corporation $LMT Shares Acquired by Principle Wealth Partners LLC

Principle Wealth Partners LLC increased its position in Lockheed Martin Corporation (NYSE:LMT) by 1.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,288 shares of the aerospace company’s stock after acquiring an additional 79 shares during the period. Principle Wealth Partners LLC’s holdings in Lockheed Martin were worth $3,375,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Lockheed Martin in the 2nd quarter worth about $28,000. TruNorth Capital Management LLC acquired a new stake in shares of Lockheed Martin in the 1st quarter worth about $31,000. Frazier Financial Advisors LLC acquired a new stake in shares of Lockheed Martin in the 2nd quarter worth about $34,000. GFG Capital LLC acquired a new stake in shares of Lockheed Martin in the 2nd quarter worth about $43,000. Finally, Bernard Wealth Management Corp. increased its holdings 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 during the period. Institutional investors and hedge funds own 74.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on LMT shares. Sanford C. Bernstein raised their target price on shares of Lockheed Martin from $497.00 to $545.00 and gave the company a “market perform” rating in a research note on Monday. Vertical Research reissued a “hold” rating and set a $460.00 target price on shares of Lockheed Martin in a research note on Tuesday, July 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Lockheed Martin in a research note on Wednesday, October 8th. TD Cowen reissued a “hold” rating and set a $480.00 target price (down previously from $500.00) on shares of Lockheed Martin in a research note on Thursday, July 10th. Finally, Deutsche Bank Aktiengesellschaft set a $519.00 target price on shares of Lockheed Martin and gave the company a “hold” rating in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned 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, Lockheed Martin has a consensus rating of “Hold” and a consensus target price of $513.47.

Lockheed Martin Stock Performance

Shares of LMT opened at $486.76 on Thursday. The firm’s 50 day moving average is $475.56 and its 200-day moving average is $465.67. The stock has a market capitalization of $113.64 billion, a P/E ratio of 27.18, a P/E/G ratio of 2.14 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. Lockheed Martin Corporation has a 12-month low of $410.11 and a 12-month high of $582.18.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings data on Tuesday, October 21st. The aerospace company reported $6.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.33 by $0.62. The company had revenue of $18.61 billion for the quarter, compared to analysts’ expectations of $18.45 billion. Lockheed Martin had a net margin of 5.73% and a return on equity of 112.13%. The business’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.84 EPS. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. Equities research analysts anticipate that Lockheed Martin Corporation will post 27.15 EPS for the current fiscal 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 paid a $3.45 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $13.80 annualized dividend and a dividend yield of 2.8%. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.30. Lockheed Martin’s dividend payout ratio is presently 74.32%.

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.