Retirement Planning Group LLC Purchases 626 Shares of Lockheed Martin Corporation $LMT

Retirement Planning Group LLC increased its position in shares of Lockheed Martin Corporation (NYSE:LMT) by 54.7% during the second quarter, HoldingsChannel reports. The fund owned 1,770 shares of the aerospace company’s stock after buying an additional 626 shares during the quarter. Retirement Planning Group LLC’s holdings in Lockheed Martin were worth $820,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. D.A. Davidson & CO. grew its position in Lockheed Martin by 4.3% during the 2nd quarter. D.A. Davidson & CO. now owns 31,234 shares of the aerospace company’s stock worth $14,466,000 after acquiring an additional 1,292 shares during the last quarter. Cullen Frost Bankers Inc. grew its position in Lockheed Martin by 1.3% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 31,209 shares of the aerospace company’s stock worth $14,454,000 after acquiring an additional 393 shares during the last quarter. Smith Thornton Advisors LLC grew its position in Lockheed Martin by 5.5% during the 2nd quarter. Smith Thornton Advisors LLC now owns 883 shares of the aerospace company’s stock worth $409,000 after acquiring an additional 46 shares during the last quarter. Fiduciary Family Office LLC grew its position in Lockheed Martin by 11.5% during the 2nd quarter. Fiduciary Family Office LLC now owns 1,489 shares of the aerospace company’s stock worth $690,000 after acquiring an additional 154 shares during the last quarter. Finally, Probity Advisors Inc. grew its position in Lockheed Martin by 3.9% during the 2nd quarter. Probity Advisors Inc. now owns 3,759 shares of the aerospace company’s stock worth $1,741,000 after acquiring an additional 140 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Lockheed Martin Stock Down 0.6%

Shares of NYSE:LMT opened at $486.76 on Thursday. The company has a market capitalization of $113.64 billion, a price-to-earnings 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. The business’s 50-day moving average is $475.56 and its 200-day moving average is $465.67. Lockheed Martin Corporation has a 1 year low of $410.11 and a 1 year 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, beating analysts’ consensus estimates of $6.33 by $0.62. The company had revenue of $18.61 billion for the quarter, compared to the consensus estimate of $18.45 billion. Lockheed Martin had a return on equity of 112.13% and a net margin of 5.73%.The firm’s revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the business earned $6.84 EPS. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. Equities research 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 declared 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 is an increase from Lockheed Martin’s previous quarterly dividend of $3.30. The ex-dividend date of this dividend is Monday, December 1st. This represents a $13.80 dividend on an annualized basis and a yield of 2.8%. Lockheed Martin’s dividend payout ratio (DPR) is currently 74.32%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on LMT. Truist Financial boosted their price objective on Lockheed Martin from $440.00 to $500.00 and gave the stock a “hold” rating in a research report on Wednesday, October 15th. Sanford C. Bernstein upped their price target on Lockheed Martin from $497.00 to $545.00 and gave the company a “market perform” rating in a research report on Monday. Weiss Ratings reiterated a “hold (c)” rating on shares of Lockheed Martin in a research report on Wednesday, October 8th. TD Cowen reiterated a “hold” rating and issued a $480.00 price target (down previously from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. Finally, Robert W. Baird upped their price target on Lockheed Martin from $500.00 to $550.00 and gave the company an “outperform” rating in a research report on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $513.47.

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.