Premier Path Wealth Partners LLC Purchases 34 Shares of Lockheed Martin Corporation $LMT

Premier Path Wealth Partners LLC increased its holdings in shares of Lockheed Martin Corporation (NYSE:LMT) by 0.6% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 5,394 shares of the aerospace company’s stock after acquiring an additional 34 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in Lockheed Martin were worth $2,498,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LMT. OMNI 360 Wealth Inc. lifted its holdings in shares of Lockheed Martin by 2.5% during the 1st quarter. OMNI 360 Wealth Inc. now owns 913 shares of the aerospace company’s stock valued at $408,000 after purchasing an additional 22 shares in the last quarter. 49 Wealth Management LLC raised its holdings in Lockheed Martin by 3.4% during the 1st quarter. 49 Wealth Management LLC now owns 661 shares of the aerospace company’s stock worth $295,000 after buying an additional 22 shares during the period. Tyler Stone Wealth Management raised its holdings in Lockheed Martin by 3.3% during the 1st quarter. Tyler Stone Wealth Management now owns 684 shares of the aerospace company’s stock worth $306,000 after buying an additional 22 shares during the period. Investment Advisory Services Inc. TX ADV lifted its stake in Lockheed Martin by 4.7% in the second quarter. Investment Advisory Services Inc. TX ADV now owns 486 shares of the aerospace company’s stock valued at $225,000 after buying an additional 22 shares in the last quarter. Finally, Broadway Wealth Solutions Inc. boosted its holdings in shares of Lockheed Martin by 4.5% in the second quarter. Broadway Wealth Solutions Inc. now owns 511 shares of the aerospace company’s stock valued at $237,000 after buying an additional 22 shares during the period. 74.19% of the stock is currently owned by institutional investors.

Insider Activity

In other news, COO John Frank A. St sold 7,792 shares of the firm’s stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $491.04, for a total transaction of $3,826,183.68. Following the completion of the sale, the chief operating officer owned 1 shares in the company, valued at approximately $491.04. This trade represents a 99.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

LMT has been the subject of several research reports. JPMorgan Chase & Co. lowered their price objective on shares of Lockheed Martin from $520.00 to $465.00 and set an “overweight” rating for the company in a research report on Wednesday, July 23rd. Sanford C. Bernstein increased their target price on Lockheed Martin from $497.00 to $545.00 and gave the stock a “market perform” rating in a report on Monday, October 20th. Cowen downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a research note on Thursday, July 10th. Susquehanna upped their price objective on Lockheed Martin from $490.00 to $590.00 and gave the stock a “positive” rating in a research report on Thursday, October 9th. Finally, TD Cowen reissued a “hold” rating and issued a $480.00 target price (down previously from $500.00) on shares of Lockheed Martin in a research report on Thursday, July 10th. One investment 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, the company currently has a consensus rating of “Hold” and a consensus target price of $513.47.

Lockheed Martin Stock Down 0.1%

Shares of LMT stock opened at $485.21 on Thursday. Lockheed Martin Corporation has a 52-week low of $410.11 and a 52-week high of $576.43. The stock has a market cap of $112.28 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 1.69 and a beta of 0.28. The firm’s 50-day moving average is $480.12 and its 200-day moving average is $466.96. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.97 and a current ratio of 1.13.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, topping the consensus estimate of $6.33 by $0.62. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.The company had revenue of $18.61 billion during the quarter, compared to the consensus estimate of $18.45 billion. During the same period in the previous year, the company posted $6.84 EPS. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS. Sell-side analysts predict that Lockheed Martin Corporation will post 27.15 EPS for the current year.

Lockheed Martin Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 1st will be given a $3.45 dividend. The ex-dividend date of this dividend is Monday, December 1st. This is a boost from Lockheed Martin’s previous quarterly dividend of $3.30. This represents a $13.80 annualized dividend and a dividend yield of 2.8%. Lockheed Martin’s payout ratio is currently 73.70%.

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.